hard currency
noun
money that is backed by gold reserves and is readily convertible into foreign currencies.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use hard currency in a sentence
Russia still has vast energy resources, which help bring in hard currency and much-needed foreign investment.
Flex Muscle Spending Has Left Putin’s Russia in an Economic Freeze Frame | Daniel Gross | April 11, 2014 | THE DAILY BEASTHe added: “Unfortunately for us, Burma has the hard currency to buy what Pyongyang is selling—it may be rubies for atoms.”
Foreigners are willing to shell hard currency for this indulgence.
After the Rain | Sam VakninThis surplus, however, could not be used to reduce foreign indebtedness because it did not generate hard currency earnings.
Area Handbook for Romania | Eugene K. Keefe, Donald W. Bernier, Lyle E. Brenneman, William Giloane, James M. Moore, and Neda A. Walpole
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