blocked currency Meaning in the Cambridge English Dictionary
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Meaning of “blocked currency” in the English Dictionary

"blocked currency" in Business English

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blocked currencynoun [C]

uk   us   ECONOMICS, FINANCE
a ​currency that cannot be ​traded for other ​currencies because of ​governmentcontrols: After ​selling, it ​repays the ​loan in ​blockedcurrency at the ​officialrate.
(Definition of blocked currency from the Cambridge Business English Dictionary © Cambridge University Press)
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