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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

Before the pandemic, tens of thousands of Chinese tourists visited North Korea, generating hard currency for the Kim regime since sanctions don’t cover tourism.

From The Wall Street Journal • Mar. 13, 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

As a result, high inflation, high unemployment, widespread black market activity, and hard currency shortfalls continue to mark the economy.

From The 1995 CIA World Factbook by United States. Central Intelligence Agency

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