Overview

hard currency


Show Summary Details

Quick Reference

A currency which is convertible into other currencies, and whose price in terms of other currencies is expected to remain stable or rise. Hard currencies are attractive to hold as private stores of wealth or national foreign exchange reserves. See also soft currency.

Subjects: Financial Institutions and Services.


Reference entries

See all related reference entries in Oxford Index »


Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.