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Hard currency
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In macroeconomics, hard currency, sound money, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value. Factors contributing to a cu
A gold coin is a form of hard currency whose value derives from its precious metal content, in contrast to fiat money, whose value rests on government
A gold coin is a form of hard currency whose value derives from its precious metal content, in contrast to fiat money, whose value rests on government decree and monetary policy, which makes it subject to inflation and debasement.
Intershop
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Intershop was a chain of government-owned and operated retail stores in the German Democratic Republic from 1962 until 1990 in which only hard currencies could be used to purchase high-quality goods,
Hard currency
…that accept only hard currency. Examples have included Torgsin and Beryozka stores in the former Soviet Union, Tuzex stores in former Czechoslovakia, Intershops in former East Germany, Pewex and Baltona in Poland, Comturist in Romania, Corecom in Bulgaria, Dollar stores in Cuba, or Friendship stores in China…
The Intershop in Berlin Friedrichstraße underground train station, accessible from West Berlin only, c. 1990, the only one with shop windows. East Ger
The Intershop in Berlin Friedrichstraße underground train station, accessible from West Berlin only, c. 1990, the only one with shop windows. East German books, as on display here, were not sold in normal Intershop stores.