Definition of hard currency in US English:
hard currency
nounhärd ˈkərənsēhɑrd ˈkərənsi
Currency that is not likely to depreciate suddenly or to fluctuate greatly in value.
Example sentencesExamples
- The Iraqi official said the money taken amounted to a quarter of the Central Bank's hard currency reserves.
- Required reserves on corporate ruble deposits were raised in order to make banks keep more rubles and, hence, less hard currency.
- ANZ lent the money to North Korea's Foreign Trade Bank, but the loan defaulted due to North Korea's shortage of hard currency.
- Shortages of gasoline, food, hard currency and even local bank notes spurred speculation that gave finance houses a boom.
- In reality, fears of causing domestic currency instability meant that many governments continued to maintain close control of their hard currency supplies.
- The banks that prospered had licences to work in hard currency.
- Early redemption of hard currency loans is banned.
- That it has taken so long to remove the production of coca can be understood when set against its economic importance, both as a source of hard currency and employment.
- This drains hard currency reserves needed to buy imports, takes away funds for investment, and beggars education and health programs.
- The store's clientele consists of foreigners and a few select party members: Payment is in hard currency only.
- Their purpose is simple: to create a free trade environment conducive to the production of export goods in order to earn hard currency.
- The other risks of a domestically funded budget include a shortage of hard currency, devaluation of the Kwacha and a difficulty in importing goods.
- The Central Bank is fast running out of hard currency reserves to sustain the peso-to-dollar convertibility.
- Marshall Tito recognised this and allowed all Yugoslavs to hold two bank accounts: one in dinars for pocket money and one in hard currency for real savings.
- The ministry said North Korea's lack of hard currency, energy and raw materials will make it difficult for inter-Korean trade to rise sharply this year.
- It was also implied that this endogenous expansion of credit could also be greater than the initial increase in the stock of hard currency.
- In hard currency in the past decade, our business in emerging markets has grown from €11 billion to €18 billion.
- Premiums are paid in hard currency thus ensuring that claims for loss or damage due to uninsured peril are also settled in hard currency.
- The government also announced that Cuban state companies would have to sell the central bank any hard currency received from exports or domestic sales.
- Over the weekend, legislators passed a law blocking access for three years to hard currency held in high-interest accounts with the country's two state banks.