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hard currency

American  

noun

  1. money that is backed by gold reserves and is readily convertible into foreign currencies.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Desperate for hard currency after the Soviet Union collapsed in 1991, Castro reluctantly embraced tourism as a lifeline.

From The Wall Street Journal • May 27, 2026

But given the implosion of the island’s economy, the insolvent government is desperate for investment and hard currency.

From The Wall Street Journal • Mar. 16, 2026

The government of the cash-strapped nation of 11 million people, which relies on tourism to bring in hard currency, had been hoping for 2.6 million arrivals.

From Barron's • Feb. 2, 2026

“We could not buy spare parts for machinery, for example. They all had to be paid for in hard currency that we mostly couldn’t access,” he said.

From MarketWatch • Jan. 8, 2026

Low     prices in recent years have kept down hard currency earnings from Benin's     major exports of agricultural products and crude oil.

From The 1992 CIA World Factbook by United States. Central Intelligence Agency

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