hard currency
Definition
Stable, convertible currency (such as the Euro, US dollar, or Yen) or that enjoys the confidence of investors and traders alike. Hard currencies serve as means of payment settlements because they do not suffer from sharp exchange rate fluctuations.
email to a friend
print this definition
cite this definition
link to this page
hard currency is in the Accounting & Auditing, Banking, Commerce & Finance and Currency Trading subjects.
hard currency appears in the definition of the following term: special drawing rights (SDR)
This content can be found on the following page:
http://www.businessdictionary.com/definition/hard-currency.html