How to Use hard currency in a Sentence

hard currency

noun

• Revenue for Egypt from the Suez Canal – a key source of hard currency for its struggling economy – has halved since the attacks began.
  — Jon Gambrell, The Christian Science Monitor, 14 June 2024
• India been one of the prime buyers of Russian oil and weapons, providing hard currency to Putin’s government at a time when the G-7 is seeking to starve it of funds.
  — Bloomberg.com, 19 May 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
• People don’t use them, and the government wants hard currency to be circulated.
  — María Soledad Davila Calero, Fortune, 13 Mar. 2024
• 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
• 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
• Nordhoff's zeal for exports is less about expanding VW's sales and more about bringing in hard currency from outside Germany.
  — Alexander Stoklosa, Car and Driver, 31 Aug. 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
• 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
• 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
• 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
• 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
• Egyptians are grappling with record inflation, rising poverty and a hard currency shortage.
  — Missy Ryan, Washington Post, 8 Sep. 2023
• Those workers could then convert wages in rubles to dollars or euros, potentially becoming a source of the hard currency North Korea desperately needs.
  — Kim Tong-Hyung and Jim Heintz, The Christian Science Monitor, 20 June 2024
• Cash is king The debate surrounding the protection of physical money in Austria has been raging for a number of years—the country’s right-wing Freedom Party being among the most vocal supporters of hard currency.
  — Byprarthana Prakash, Fortune, 7 Aug. 2023
• 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
• The difference is that rather than collecting hard currency like dollars, scammers are targeting cryptocurrencies, like Bitcoin.
  — Eamon Barrett, Fortune, 27 Oct. 2023
• The United States imposed a web of sanctions that, combined with an impoverishing socialist economy, severely limited Iran’s capacity to attract foreign investment, trade, and hard currency.
  — Reuel Marc Gerecht, Foreign Affairs, 7 Sep. 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

Last Updated: 20 Dec 2024