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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.

See Examples For:

In exchange for its manpower, North Korea gets food, oil and hard currency.

From BBC Sep. 13, 2026

Falling exports deprive Tehran of the hard currency it needs to support the rial and pay for imports, including raw materials for factories.

From The Wall Street Journal Sep. 7, 2026

Its original purpose was to generate revenue for the Revolutionary Armed Forces and bring in hard currency during the island's "Special Period," a profound crisis in the 1990s following the collapse of the Soviet Union.

From Barron's Aug. 6, 2026

The El Salvador-based company runs USDT, the world's biggest stablecoin, which is a form of crypto backed up by hard currency.

From BBC Jul. 13, 2026

Tourism accounts for about one-fourth of GDP and is a   primary source of hard currency earnings.

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

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