hard currency

noun

: money that comes from a country with a strong government and economy and that is not likely to lose its value

Example Sentences

Recent Examples on the Web

Despite Americans paying for purchases with cash only about 20 percent of the time, with those under the age of 45 the least likely to fork over bills and coins, club members like Tufts sophomore Spencer Miller still believe in the appeal of hard currency. —Alexandria Alvarado, BostonGlobe.com, 31 Mar. 2023

Lebanese citizens, many of them struggling as the country’s economy tanked, simply saw the financial yield from the network’s hot spots as an easy way to make hard currency. —Jacob Russell, WIRED, 13 Mar. 2023

The hard currency of rupee notes is more useful to most women, Ross says, and the cashing-out process has an additional benefit. —IEEE Spectrum, 4 June 2018

This restructuring is bringing to light the extent to which crypto businesses that pitched themselves as an alternative to banks still rely on those institutions for access to hard currency. —The Week Staff, The Week, 26 Feb. 2023

Thanks to billions of dollars in foreign aid from Western partners, Ukraine's hard currency reserves have grown to nearly $30 billion, slightly higher than at the start of the war. —Reuters, CNN, 24 Feb. 2023