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Home > QFINANCE Dictionary > Definition of blocked currency

Definition of

blocked currency

Currency & Exchange

currency hard to exchange a currency that people cannot easily trade for other currencies because of foreign exchange controls

Recommended Further Reading (Term count)
  • Asia: Future Perspectives
    by Jim Rogers
    It is because in Asia they’re fresher at it and they haven’t yet had the chance to get corrupted and corroded. In China, they still call themselves Communists. They didn’t have a stock market 20 years ago, nor did Vietnam. Thirty years ago Mao Tse-tung was still running China; Indira Gandhi and Nehru were ruining India; East and West Pakistan had just had a big split; Vietnam had been destroyed by war. So, 30 years ago Asia was not in the game.

Definitions of ’blocked currency’ and meaning of ’blocked currency’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’blocked currency’ and other financial terms with our online QFINANCE Financial Dictionary.

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