hard currency

noun

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

Example Sentences

They wanted a stable money supply and to not have their hard currency siphoned off to British creditors.

From Washington Post

The government has also shut down tourism onto the island, a critical source of income for people and of both state revenue and hard currency.

From Time

Kim must guard his dwindling hard currency lest he runs out of emergency funds.

From The Daily Beast

Russia still has vast energy resources, which help bring in hard currency and much-needed foreign investment.

From The Daily Beast

He added: “Unfortunately for us, Burma has the hard currency to buy what Pyongyang is selling—it may be rubies for atoms.”

From The Daily Beast

Foreigners are willing to shell hard currency for this indulgence.

From Project Gutenberg

This surplus, however, could not be used to reduce foreign indebtedness because it did not generate hard currency earnings.

From Project Gutenberg