hard currency; strong international currency
Tone colorsmāmámǎmàma
Meanings
1 sense · 3 examplesnoun
hard currency; currency that is widely accepted internationally for pricing, payment, and settlement
technicalTypically refers to stable, freely convertible currencies such as the US dollar, euro, or British pound. Contrasts with 'soft currency' (软通货). Historically, gold was considered the ultimate hard currency.
Měi美
yuán元
shì是
shì世
jiè界
shàng上
zuì最
zhòng重
yào要
de的
yìng硬
tōng通
huò货
zhī之
yī一
。
The US dollar is one of the most important hard currencies in the world.
Zài在
jīng经
jì济
wēi危
jī机
shí时
qī期
，
tóu投
zī资
zhě者
qīng倾
xiàng向
yú于
gòu购
mǎi买
yìng硬
tōng通
huò货
bì避
xiǎn险
。
During economic crises, investors tend to buy hard currency as a safe haven.
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Huáng黄
jīn金
bèi被
shì视
wéi为
zhōng终
jí极
yìng硬
tōng通
huò货
。
Gold is regarded as the ultimate hard currency.