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

Cuba’s economy is desperate for hard currency, and one of the things Havana can sell is its geo-strategic position. —Kyle Mizokami, Popular Mechanics, 13 June 2023

People don’t use them, and the government wants hard currency to be circulated. —María Soledad Davila Calero, Fortune, 13 Mar. 2024

That’s meant lower revenue for Egypt through the Suez Canal, a vital source of hard currency for the country’s troubled economy, as well as higher costs for shipping that could push up global inflation. —Jon Gambrell, Fortune Asia, 22 Jan. 2024

The country of 105 million people is sinking under foreign debt and contending with a severe shortage of hard currency. —Claire Parker, Washington Post, 10 Dec. 2023

In recent years, China has also supplied a lot of hard currency to Argentina, but Milei is a fervent anti-Communist. —John Cassidy, The New Yorker, 21 Nov. 2023

The difference is that rather than collecting hard currency like dollars, scammers are targeting cryptocurrencies, like Bitcoin. —Eamon Barrett, Fortune, 27 Oct. 2023

Argentines were also buying dollars and removing hard currency deposits from banks as the peso accelerated its already steady depreciation. —TIME, 23 Oct. 2023

Vital products were in short supply and could only be procured with hard currency on the black market controlled by murky criminals. —John Kleinheinz, Fortune, 31 May 2023