軟貨
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Meanings
1
Refers to paper currency as opposed to coins. The term is somewhat formal or technical; in everyday conversation, 紙幣 or お札 is more common.
The central bank manages the issuance of banknotes.
2
soft currency
In economics, a currency that is expected to fluctuate in value or is not freely convertible. Contrasts with 硬貨 (hard currency).
See also: 硬貨 (こうか)
Because the country only had soft currency, international transactions were difficult.