0 money that is valuable and can be exchanged easily because it comes from a powerful country
1 a currency that can easily be exchanged for others and that is accepted for international payments, because it is unlikely to go down in value:
An accommodating regime is defined as a value on the hard currency index that is one standard deviation below the mean.
Lack of hard currency put suitable harvesters and tractors from capitalist suppliers out of reach.
Only the off-shore oil industry, insulated from the war both physically and through foreign control, has continued to deliver hard currency with any regularity.
Monetarism and hard currency pegs, once seen as right-wing, now appear as providing vital discipline to sustain social democracy.
Could it transfer hard currency to pay for membership dues in foreign societies?
No other sector has shown the potential to replace sugar as the main producer of hard currency or to grow rapidly at such a sustained rate.
It has been argued that this is a way for the government to confiscate the hard currency (to be set aside for other priorities such as health and education).
By legalising dollars the government hoped to undercut the burgeoning black market, encourage an expansion in the flow of remittances, and capture some of this much-needed hard currency.
