Meaning of “currency bloc” in the English Dictionary

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"currency bloc" in Business English

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currency blocnoun [ C ]

uk us ECONOMICS, FINANCE

a group of countries that all use the same money:

One argument for joining a single currency bloc is that it would encourage greater capital investment.

a group of countries the value of whose money is tied to the value of the money of a single country:

A powerful, if informal, currency bloc has developed between the United States and most of Asia.

(Definition of “currency bloc” from the Cambridge Business English Dictionary © Cambridge University Press)