hard currency
noun
: money that comes from a country with a strong government and economy and that is not likely to lose its value
Examples of hard currency in a Sentence
Recent Examples on the Web
Yet, when corruption is endemic and is ultimately exposed, it is usually revealed that the perpetrators generally had some level of access to hard currency, in the form of US dollars.
—
Agustino Fontevecchia, Forbes.com, 23 Apr. 2025
Following intense negotiations with the U.S., in October 2023 the Treasury granted Trinidad an amendment to a license allowing the joint development of the Dragon offshore gas field, allowing Trinidad to pay Venezuela in hard currency or in kind.
—Panorama Media Ltd., Miami Herald, 27 Mar. 2025
The large-scale money printing led to the depreciation of the Sri Lankan rupee, which was artificially reversed only when Sri Lanka’s central bank imposed an unrealistic conversion rate that resulted in drying up available hard currency even faster.
—Dushni Weerakoon, Foreign Affairs, 14 Apr. 2022
Analysts predict that this could result in a $5 billion shortfall in oil revenues for Venezuela in 2025, exacerbating the country’s chronic shortage of hard currency.
—Antonio Maria Delgado, Miami Herald, 27 Mar. 2025
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Agustino Fontevecchia, Forbes.com, 23 Apr. 2025
Following intense negotiations with the U.S., in October 2023 the Treasury granted Trinidad an amendment to a license allowing the joint development of the Dragon offshore gas field, allowing Trinidad to pay Venezuela in hard currency or in kind.
—Panorama Media Ltd., Miami Herald, 27 Mar. 2025
The large-scale money printing led to the depreciation of the Sri Lankan rupee, which was artificially reversed only when Sri Lanka’s central bank imposed an unrealistic conversion rate that resulted in drying up available hard currency even faster.
—Dushni Weerakoon, Foreign Affairs, 14 Apr. 2022
Analysts predict that this could result in a $5 billion shortfall in oil revenues for Venezuela in 2025, exacerbating the country’s chronic shortage of hard currency.
—Antonio Maria Delgado, Miami Herald, 27 Mar. 2025
See All Example Sentences for hard currency
Cite this Entry
“Hard currency.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/hard%20currency. Accessed 23 May. 2025.
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