Definition of hard currency noun from the Oxford Advanced Learner's Dictionary

 

hard currency

 noun
noun
BrE
 
; NAmE
 
[uncountable, countable]
 
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money that is easy to exchange for money from another country, because it is not likely to lose its value The hotel insisted that we pay in hard currency. Trade was halted because of a hard currency shortage on the island.
See the Oxford Advanced American Dictionary entry: hard currency