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Longman Dictionary of Contemporary English
hard currency
noun
EXAMPLES FROM CORPUS
▪ Czechoslovakia still insists on an inflated hard currency exchange rate which reflects its closed economy.
▪ From Sept. 15 foreigners were forbidden to export scarce consumer goods, unless purchased for hard currency.
▪ In 1982 oil made up about 60% of the Soviet Union's hard currency income.
▪ In terms of hard currency, I will give you an example of what I mean.
▪ Most hard currency comes from state grants, from exporting raw materials or manufactured goods.
▪ Repatriation of profits would be possible by converting roubles into hard currency on the new exchanges.
▪ The price can be set below the competitors to attract foreign buyers who have to pay in hard currency.
▪ Trade with other former members of Comecon is to be in hard currency, if it takes place at all.
WordNet
hard currency

n. money in the form of bills or coins [syn: cash, hard cash]

Wikipedia
Hard currency

Hard currency, safe-haven currency or strong currency is any globally traded currency that serves as a reliable and stable store of value.

Factors contributing to a currency's hard status might include the long-term stability of its purchasing power, the associated country's political and fiscal condition and outlook, and the policy posture of the issuing central bank.

Conversely, a soft currency indicates a currency which is expected to fluctuate erratically or depreciate against other currencies. Such softness is typically the result of political or fiscal instability within the associated country.

Usage examples of "hard currency".

It was actually based on Soviet technology, one of the last major ICBM designs the Russians had built before their country had come apart, and Yamata-san had purchased the rights to the design for a song (albeit written in hard currency), then turned all the drawings and data over to his own people for modification and improvement.

In Kaliningrad and Lithuania, I ended up as an unofficial adviser on how the government could get the most hard currency out of their amber.

The Great Commoner and the august Emperor had similar notions about hard currency.

It also meant that Major Arabov was being paid partly in hard currency.