currency bloc Meaning in the Cambridge English Dictionary

Meaning of “currency bloc” in the English Dictionary

"currency bloc" in Business English

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currency blocnoun [C]

a ​group of countries that all use the same ​money: One argument for ​joining a ​singlecurrencybloc is that it would encourage greater ​capitalinvestment.
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, ​currencybloc has ​developed between the United ​States and most of Asia.
(Definition of currency bloc from the Cambridge Business English Dictionary © Cambridge University Press)
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“currency bloc” in Business English

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