hard currency

hard currency definition - finance
A currency that people have a great deal of confidence in, such as the U.S. dollar and the Swiss franc. In contrast, currencies of countries with unstable governments or weak economies are weak. Gold coins or other forms of gold are another form of hard currency.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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