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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The document does not explain it, but unofficial peso exchange rates for the dollar, the euro and a Cuban virtual hard currency known as the MLC are significantly more attractive than the government-set rate —the reason many Cubans prefer to get their hands on actual dollars.
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Nora Gámez Torres, Miami Herald, 4 Mar. 2025
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
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Nora Gámez Torres, Miami Herald, 4 Mar. 2025
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
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 13 Mar. 2025.
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