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

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Perhaps most damning of all, Russia's hard currency reserves have fallen from $117 billion in 2021 to just $31 billion as of November 2024, and the country is now increasingly dependent on its National Wealth Fund in order to remain solvent. —

Anders Fogh Rasmussen, Newsweek, 4 Feb. 2025 At the end of November, the ruble crashed to its lowest point in two years, a consequence of climbing inflation and diminishing inflows of hard currency—from $34 billion in March 2022 to $2 billion in September 2024—due to financial sanctions. —

Theodore Bunzel, Foreign Affairs, 9 Dec. 2024 And all of that hard currency can create a major headache for retailers. —

Joe Arrage, Newsweek, 6 Dec. 2024 Cuba’s lack of hard currency has affected its ability to import basic necessities. —

Sophia Pargas, NBC News, 25 Nov. 2024 See all Example Sentences for hard currency

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“Hard currency.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/hard%20currency. Accessed 13 Feb. 2025.

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