soft currencyn.

Brit.

/ˌsɒf(t) ˈkʌrənsi/,

/ˌsɒf(t) ˈkʌrn̩si/, U.S.

/ˌsɔf(t) ˈkərənsi/,

/ˌsɑf(t) ˈkərənsi/

Origin: Formed within English, by compounding. Etymons: soft adj., currency n.

Etymology: < soft adj. + currency n. Compare earlier hard currency n.

1. Currency, or a currency, in the form of banknotes, bills, etc., as opposed to coins; paper currency. Later also: unsecured paper credit as opposed to coins, banknotes, or other objects or documents viewed as having exchangeable value. Also figurative. Cf. soft adj. 26a.

ΘΚΠ

society > trade and finance > money > medium of exchange or currency > [noun] > types of currency

soft currency1837

fiat-money1880

token coinage1881

token-money1889

token currency1893

monopoly money1895

hard currency1940

soft currency1940

reserve currency1950

petrocurrency1974

cryptocurrency1991

commodity dollar1998

society > trade and finance > money > medium of exchange or currency > paper money > [noun]

paper money1669

bank paper1696

paper1704

rag1797

scrieve1800

rag money1808

soft1809

soft currency1837

stamps1872

scratch1914

folding money1930

ready1937

1837 Globe (Washington, D.C.) 16 June We care not how soon specie payments may be resumed. The sooner the better for those who prefer a hard to a soft currency.

1876 70th Anniv. Celebration New-Eng. Soc. N. Y. 33 Here before him is a great company, mostly of merchants, filled almost to overflowing with the soft currency of Delmonico, which is certainly irredeemable.

1900 Spectator 24 Feb. 261/2 Mafeking..has adopted a soft currency pro tem., but conducts its banking business in ‘a commodious bomb-proof apartment’.

1980 D. P. Szatmary Shay's Rebellion iii. 40 Cornered by retailers with calls for specie, they could have more easily paid their debts with soft currency.

2004 J. A. Rabkin Case for Sovereignty i. 5 What they could offer or withhold was not the hard coin of military assistance but the soft currency of ‘legitimacy’.

2. A currency which is not convertible into other currencies, or whose price in terms of other currencies is expected to fall. Cf. hard currency n. 2.

ΘΚΠ

society > trade and finance > money > medium of exchange or currency > [noun] > types of currency

soft currency1837

fiat-money1880

token coinage1881

token-money1889

token currency1893

monopoly money1895

hard currency1940

soft currency1940

reserve currency1950

petrocurrency1974

cryptocurrency1991

commodity dollar1998

society > trade and finance > money > medium of exchange or currency > [noun] > currency systems and policies

decimal currency1824

bimetallism1876

monometallism1878

free silver1889

polymetallism1890

silverism1895

symmetallism1895

trimetallism1897

managed currency1898

single currency1900

compensated dollar1912

commodity dollar1918

soft currency1940

1940 Economist 6 Apr. 609/1 There are some currencies—the ‘soft’ currencies, notably the lira and the yen—for which no official rates are fixed.

1949 Times 10 Sept. 5/7 Soft currency..is a relative rather than an absolute term. It means a currency of which other countries (or some other countries) have earned more than they can willingly spend in the country whose currency it is... A soft currency is by definition, non-convertible—i.e., cannot be converted into gold or dollars... A currency may, however, be ‘transferable’ (within limits) and yet remain a soft currency in relation to some other currencies.

1960 Economist 15 Oct. 241/1 The United States now ‘sells’ abroad each year surplus farm products worth more than $1 billion, taking in exchange soft currencies—as one bureaucrat calls them, ‘clam shells, coloured buttons and other forms of local currency’.

2008 R. S. Khatta Risk Managem. xi. 184 Soft currencies that are very illiquid and totally unconvertible are usually found in countries that are in the pre- and early emergent phases of economic development.

Compounds

General attributive, esp. designating a region in which a soft currency is used, as soft currency area, soft currency country.

ΚΠ

1837 Daily Ohio Statesman 20 Nov. Advocating Federalism, Abolitionism, Amalgamationism, Anti-masonry and soft currency doctrine, in short any doctrine opposed to democracy.

1876 Logansport (Indiana) Daily Star 27 June To-day the soft currency question is practically out of consideration.

1947 World Today Mar. 104 The special dollar problem arising from the convertibility of war-time sterling balances and from the trade surpluses with the ‘soft currency’ countries.

1963 China Q. No. 15. 30 Since a serious drain on the economy would occur if local currency loan repayments were in fact called in, these soft currency loans may be considered as grants.

1989 Iranian Stud. 22 (end matter) Colleagues from soft currency countries are exempted from paying their participation fees in advance.

2010 Social & Econ. Stud. 59 284 It is not clear that there is any advantage in operating a soft currency system inside a soft currency area.

This entry has been updated (OED Third Edition, December 2016; most recently modified version published online June 2022).

单词	soft currency
释义	soft currencyn. Brit. /ˌsɒf(t) ˈkʌrənsi/, /ˌsɒf(t) ˈkʌrn̩si/, U.S. /ˌsɔf(t) ˈkərənsi/, /ˌsɑf(t) ˈkərənsi/ Origin: Formed within English, by compounding. Etymons: soft adj., currency n. Etymology: < soft adj. + currency n. Compare earlier hard currency n. 1. Currency, or a currency, in the form of banknotes, bills, etc., as opposed to coins; paper currency. Later also: unsecured paper credit as opposed to coins, banknotes, or other objects or documents viewed as having exchangeable value. Also figurative. Cf. soft adj. 26a. ΘΚΠ society > trade and finance > money > medium of exchange or currency > [noun] > types of currency soft currency1837 fiat-money1880 token coinage1881 token-money1889 token currency1893 monopoly money1895 hard currency1940 soft currency1940 reserve currency1950 petrocurrency1974 cryptocurrency1991 commodity dollar1998 society > trade and finance > money > medium of exchange or currency > paper money > [noun] paper money1669 bank paper1696 paper1704 rag1797 scrieve1800 rag money1808 soft1809 soft currency1837 stamps1872 scratch1914 folding money1930 ready1937 1837 Globe (Washington, D.C.) 16 June We care not how soon specie payments may be resumed. The sooner the better for those who prefer a hard to a soft currency. 1876 70th Anniv. Celebration New-Eng. Soc. N. Y. 33 Here before him is a great company, mostly of merchants, filled almost to overflowing with the soft currency of Delmonico, which is certainly irredeemable. 1900 Spectator 24 Feb. 261/2 Mafeking..has adopted a soft currency pro tem., but conducts its banking business in ‘a commodious bomb-proof apartment’. 1980 D. P. Szatmary Shay's Rebellion iii. 40 Cornered by retailers with calls for specie, they could have more easily paid their debts with soft currency. 2004 J. A. Rabkin Case for Sovereignty i. 5 What they could offer or withhold was not the hard coin of military assistance but the soft currency of ‘legitimacy’. 2. A currency which is not convertible into other currencies, or whose price in terms of other currencies is expected to fall. Cf. hard currency n. 2. ΘΚΠ society > trade and finance > money > medium of exchange or currency > [noun] > types of currency soft currency1837 fiat-money1880 token coinage1881 token-money1889 token currency1893 monopoly money1895 hard currency1940 soft currency1940 reserve currency1950 petrocurrency1974 cryptocurrency1991 commodity dollar1998 society > trade and finance > money > medium of exchange or currency > [noun] > currency systems and policies decimal currency1824 bimetallism1876 monometallism1878 free silver1889 polymetallism1890 silverism1895 symmetallism1895 trimetallism1897 managed currency1898 single currency1900 compensated dollar1912 commodity dollar1918 soft currency1940 1940 Economist 6 Apr. 609/1 There are some currencies—the ‘soft’ currencies, notably the lira and the yen—for which no official rates are fixed. 1949 Times 10 Sept. 5/7 Soft currency..is a relative rather than an absolute term. It means a currency of which other countries (or some other countries) have earned more than they can willingly spend in the country whose currency it is... A soft currency is by definition, non-convertible—i.e., cannot be converted into gold or dollars... A currency may, however, be ‘transferable’ (within limits) and yet remain a soft currency in relation to some other currencies. 1960 Economist 15 Oct. 241/1 The United States now ‘sells’ abroad each year surplus farm products worth more than $1 billion, taking in exchange soft currencies—as one bureaucrat calls them, ‘clam shells, coloured buttons and other forms of local currency’. 2008 R. S. Khatta Risk Managem. xi. 184 Soft currencies that are very illiquid and totally unconvertible are usually found in countries that are in the pre- and early emergent phases of economic development. Compounds General attributive, esp. designating a region in which a soft currency is used, as soft currency area, soft currency country. ΚΠ 1837 Daily Ohio Statesman 20 Nov. Advocating Federalism, Abolitionism, Amalgamationism, Anti-masonry and soft currency doctrine, in short any doctrine opposed to democracy. 1876 Logansport (Indiana) Daily Star 27 June To-day the soft currency question is practically out of consideration. 1947 World Today Mar. 104 The special dollar problem arising from the convertibility of war-time sterling balances and from the trade surpluses with the ‘soft currency’ countries. 1963 China Q. No. 15. 30 Since a serious drain on the economy would occur if local currency loan repayments were in fact called in, these soft currency loans may be considered as grants. 1989 Iranian Stud. 22 (end matter) Colleagues from soft currency countries are exempted from paying their participation fees in advance. 2010 Social & Econ. Stud. 59 284 It is not clear that there is any advantage in operating a soft currency system inside a soft currency area. This entry has been updated (OED Third Edition, December 2016; most recently modified version published online June 2022). < n.1837
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