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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 war, sanctions, restrictions on shipping, reduced access to oil markets and hard currency, and very high inflation have all squeezed the country and ordinary Iranians.

From BBC • Jun. 16, 2026

It’s struggling to generate hard currency right now.

From Barron's • May 15, 2026

But during times of hardship, the regime has often been willing to consider the worms as returning butterflies, tapping hard currency from visiting Cuban-Americans without giving up political control.

From The Wall Street Journal • Mar. 16, 2026

But given the implosion of the island’s economy, the insolvent government is desperate for investment and hard currency.

From The Wall Street Journal • Mar. 16, 2026

Tourism is the second-largest source of hard currency earnings following remittances.

From The 2008 CIA World Factbook by United States. Central Intelligence Agency

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