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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.

Desperate for hard currency after the Soviet Union collapsed in 1991, Castro reluctantly embraced tourism as a lifeline.

From The Wall Street Journal • May 27, 2026

Before the pandemic, tens of thousands of Chinese tourists visited North Korea, generating hard currency for the Kim regime since sanctions don’t cover tourism.

From The Wall Street Journal • Mar. 13, 2026

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

The mining of diamonds, bauxite, and rutile is the major source of hard currency.

From The 1996 CIA World Factbook by United States. Central Intelligence Agency

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