The most common and most likely answer to this crossword clue is the 7 letter word MANILLA
I've seen this crossword clue in The Guardian
M
A
N
I
L
L
A
Buddy explains!

The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does MANILLA mean?
MANILLA noun- A penannular armlet, mostly in bronze, copper or gold, which served as a form of money or barter coinage amongst certain West African peoples.