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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

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Its original purpose was to generate revenue for the Revolutionary Armed Forces and bring in hard currency during the island's "Special Period," a profound crisis in the 1990s following the collapse of the Soviet Union.

From Barron's Aug. 6, 2026

The El Salvador-based company runs USDT, the world's biggest stablecoin, which is a form of crypto backed up by hard currency.

From BBC Jul. 13, 2026

Havana also learned to exploit the Cuban diaspora as a source of hard currency.

From The Wall Street Journal Jun. 8, 2026

The move signals the administration is raising pressure on Baghdad to sever its economic ties to Tehran, which has long used its neighbor to evade international sanctions and as a source of hard currency.

From The Wall Street Journal May 7, 2026

Alluvial diamond mining remains the major source of hard currency earnings accounting for nearly half of Sierra Leone's exports.

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

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