HARD CURRENCY


Meaning of HARD CURRENCY in English

The term "hard currency" is a carry-over from the days when sound currency was freely convertible into "hard" metal, i.e., gold. It is used today to describe a currency which is sufficiently sound so that it is generally accepted internationally at face value.

UNODC Money-Laundering terms English dictionary.      Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам.