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hard currency |
Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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| The money now regularly surpasses traditional foreign direct investment and long ago left tourism in the dust as a generator of hard currency. The ability to boost military spending is a fnnction of being 'prosperous,'" continues Hawkins, "and the massive American trade deficit with China gives Beijing the hard currency needed to finance foreign weapon acquisitions--mostly Russian systems designed to attack American targets. Thus, he explained, the only way for Syrians to obtain hard currency is by exporting Syrian labor to Lebanon. |
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