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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.

See Examples For:

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

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

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

From The Wall Street Journal Jun. 8, 2026

Gaesa owns Cuba’s Banco Financiero Internacional, which controls 95% of commercial transactions in hard currency on the island.

From The Wall Street Journal May 17, 2026

The   existence of a black market for hard currency is evidence that the   government continues to influence the official exchange rate offered   in banks.

From The 2004 CIA World Factbook by United States. Central Intelligence Agency

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