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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.

The government of the cash-strapped nation of 11 million people, which relies on tourism to bring in hard currency, had been hoping for 2.6 million arrivals.

From Barron's • Feb. 2, 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

Washington lifted sanctions on potash, a key ingredient for fertilizer and an important source of hard currency for Belarus, the third-largest producer after Canada and Russia.

From The Wall Street Journal • Dec. 24, 2025

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