- /blɒkt 'kʌrənsi/ nouna currency which cannot be taken out of a country because of government exchange controls● The company has a large account in blocked roubles.
Dictionary of banking and finance. 2015.
Look at other dictionaries:
Blocked currency — A currency that is not freely convertible to other currencies due to exchange controls. The New York Times Financial Glossary * * * blocked currency blocked currency ➔ currency * * * blocked currency UK US noun [C] ECONOMICS, FINANCE ► a currency … Financial and business terms
blocked currency — A currency that is not freely convertible to other currencies due to exchange controls. Bloomberg Financial Dictionary * * * blocked currency blocked currency ➔ currency * * * blocked currency UK US noun [C] ECONOMICS, FINANCE ► a currency that… … Financial and business terms
blocked currency — 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… … Big dictionary of business and management
Blocked Currency — Any currency that is mainly used for domestic transactions and does not freely trade on a forex market (usually due to government restrictions). Also referred to as a nonconvertible currency . It is very difficult (if not impossible) to convert… … Investment dictionary
blocked currency — Restrictions on use of currency and bank deposits (normally with respect to transfer to other countries) by the government where the currency or deposits are located … Black's law dictionary
blocked currency — Fin a currency that people cannot easily trade for other currencies because of foreign exchange control … The ultimate business dictionary
Currency — Money. The New York Times Financial Glossary * * * currency cur‧ren‧cy [ˈkʌrənsi ǁ ˈkɜːr ] written abbreviation cur noun currencies PLURALFORM FINANCE 1. [counta … Financial and business terms
currency — money. Bloomberg Financial Dictionary The currency that the security is traded in. London Stock Exchange Glossary * * * currency cur‧ren‧cy [ˈkʌrənsi ǁ ˈkɜːr ] written abbreviation cur noun currencies PLURALFORM … Financial and business terms
blocked account — A bank account from which money cannot be withdrawn for any of a number of reasons, the most likely being that the affairs of the holder of the account are in the hands of a receiver owing to bankruptcy, or liquidation in the case of a company. A … Big dictionary of business and management
currency — Coined money and such banknotes or other paper money as are authorized by law and do in fact circulate from hand to hand as the medium of exchange. See also blocked currency Comptroller of Currency current money legal tender … Black's law dictionary