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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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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

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

Pakistan's economic outlook continues to be marred by its weak foreign exchange position, which relies on international creditors for hard currency inflows.

From The 2001 CIA World Factbook by United States. Central Intelligence Agency

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