hard currency

American  

noun

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

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Example Sentences

“They prefer to go to a hard currency. This is logical and it’s factual, and it’s repeated throughout the world history.”

From Barron's

“They prefer to go to a hard currency. This is logical and it’s factual, and it’s repeated throughout the world history.”

From Barron's

A severe shortage of hard currency has left the government struggling to import the fuel needed to power its electricity plants.

From Barron's

“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

Cuba’s economy doesn’t produce enough hard currency to pay its bills.

From The Wall Street Journal