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Blocked Currency

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Dictionary Says

Definition of 'Blocked Currency'

Any currency that is mainly used for domestic transactions and does not freely trade on a forex market (usually due to government restrictions). Also referred to as a "nonconvertible currency".
Investopedia Says

Investopedia explains 'Blocked Currency'

It is very difficult (if not impossible) to convert the blocked currency into a freely traded one such as the U.S. dollar.

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