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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

Cuba’s biggest generator of hard currency are the more than 20,000 doctors the island sends to more than 50 countries, including Mexico and South Africa.

From The Wall Street Journal • Feb. 6, 2026

A severe shortage of hard currency has left the government struggling to import the fuel needed to power its electricity plants.

From Barron's • Jan. 16, 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

Although pre-independence   Equatorial Guinea counted on cocoa production for hard currency   earnings, the deterioration of the rural economy under successive   brutal regimes has diminished potential for agriculture-led growth.

From The 2001 CIA World Factbook by United States. Central Intelligence Agency

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