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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

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See Examples For:

Hamilton studied how Britain built a permanent bond market and realized it acted as financial-wonder fuel rather than a weakness, since those bonds could be used as collateral when hard currency was scarce.

From MarketWatch ● Sep. 29, 2026

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

From BBC ● Sep. 13, 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

The cumulative hard currency trade deficit with the West reached US$1.2 billion in 1969 and an estimated US$1.5 billion in 1970.

From Area Handbook for Romania by Donald W. Bernier

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