Overview

blocked currency


Show Summary Details

Quick Reference

A currency that cannot be removed from a country as a result of exchange controls. Trading usually takes place in such currencies at a discount through brokers specializing in blocked-currency trading, who convert it to other funds for importers and exporters with blocked currency accounts.

Subjects: Financial Institutions and Services.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.