hard currency

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noun

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

QUIZ

THINGAMABOB OR THINGUMMY: CAN YOU DISTINGUISH BETWEEN THE US AND UK TERMS IN THIS QUIZ?

Do you know the difference between everyday US and UK terminology? Test yourself with this quiz on words that differ across the Atlantic.

Question 1 of 7

In the UK, COTTON CANDY is more commonly known as…

Words nearby hard currency

They wanted a stable money supply and to not have their hard currency siphoned off to British creditors.
An expanded perspective, and a controversial claim, on America’s revolution|Jack Rakove|November 19, 2021|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.
What the Protests in Cuba Mean for the Future of Communism and U.S. Relations|Ian Bremmer|July 16, 2021|Time
Kim must guard his dwindling hard currency lest he runs out of emergency funds.
New Kim Jong Un Purge Suggests North Korea Is in Deep Shit|Donald Kirk|July 9, 2021|The Daily Beast
Russia still has vast energy resources, which help bring in hard currency and much-needed foreign investment.
Flex Muscle Spending Has Left Putin’s Russia in an Economic Freeze Frame|Daniel Gross|April 11, 2014|DAILY BEAST

He added: “Unfortunately for us, Burma has the hard currency to buy what Pyongyang is selling—it may be rubies for atoms.”
The Next Nuclear Nightmare|Philip Shenon|April 14, 2010|DAILY BEAST
Foreigners are willing to shell hard currency for this indulgence.
After the Rain|Sam Vaknin
This surplus, however, could not be used to reduce foreign indebtedness because it did not generate hard currency earnings.
Area Handbook for Romania|Eugene K. Keefe, Donald W. Bernier, Lyle E. Brenneman, William Giloane, James M. Moore, and Neda A. Walpole