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English definition of “parallel market”

parallel market

noun [C]
 
 
(also parallel money market) FINANCE, STOCK MARKET
an unofficial market for shares, currencies, etc., which works at the same time as the official market: The offshore currency market can be viewed as a parallel money market.on the parallel market Increased controls would likely spur more activity on the parallel market.
(Definition of parallel market from the Cambridge Business English Dictionary © Cambridge University Press)
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