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English definition of “currency bloc”

currency bloc

noun [C]
 
 
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)
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