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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.

She’s cooperating with players like Chevron, not least because, with sanctions lifted, oil exports again produce hard currency at market prices.

From The Wall Street Journal • Jun. 7, 2026

Cuba’s biggest generator of hard currency are the more than 20,000 doctors the island sends to more than 50 countries, including Mexico and South Africa.

From The Wall Street Journal • Feb. 6, 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 cumulative hard currency trade deficit with the West reached US$1.2 billion in 1969 and an estimated US$1.5 billion in 1970.

From Area Handbook for Romania by Bernier, Donald W.

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