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The country became too dependent on earning hard currency through sales of oil, and suffered if there was a drop in energy prices.
»Money from the fishing contracts are a vital source of hard currency.
»hard currency earnings/reserves/revenues
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The country became too dependent on earning hard currency through sales of oil, and suffered if there was a drop in energy prices.
»Money from the fishing contracts are a vital source of hard currency.
»hard currency earnings/reserves/revenues
Another criterion for a hard currency is that the currency must come from a politically and economically stable country. The U.S. dollar and the British pound are good examples of hard currencies.
свободно конвертируемая валюта
вільно конвертована валюта; тверда валюта; ВКВ; конвертована валюта; іноземна валюта; інвалюта; валюта