BNET Business Dictionary

Business Definition for: Blocked Currency

a currency that people cannot easily trade for other currencies because of foreign exchange control

Additional Resources

Yen blocked: Japanese currency hedging. (effect of currency fluctuations on Japanese exporters): Many Japanese exporters lost a great deal of money because they did not anticipate the rise in the Yen during the first few months of 1994. Some exporters are now buying options to hedge against further increases. Changes to forward-currency contracts may also affect exporters.EXPORTERS in Japan worry about the...; Tags: bank, FINANCE, foreign-exchange, Honda Motor Co., Japan; Research articles 1994-03-26
China's Hu Prods West on Trade Barriers: By Lucy Hornby and Kevin YaoSINGAPORE (Reuters UK) - Chinese President Hu Jintao called on Friday for an end to "unreasonable" trade restrictions on developing countries, just days ahead of a U.S. presidential visit to his country that has been clouded by economic tensions.In a speech to business and political...; Tags: Barrier, China, Recovery, Yuan, Finance, Hu Jintao, Singapore, U.S. President Barack Obama, US; News items 2009-11-13
Key Opposition Leader Backs Dollarization Plans: Reuters reported that key opposition powerbroker Jorge Marun has provisionally agreed to back President Jamil Mahuad's plan to adopt the U.S. dollar as Ecuador's sole legal currency. Marun, leader of the Roldosista party, whose support is essential for Congressional approval of the plan, said he would back Ecuador's shock economic...; Tags: FINANCE, inflation, leader, Leadership, Taxes, U.S. Congress; Research articles 1970-01-01
Concert Shows Why Banks Are Afraid Of Facebook: At the Wilco concert two nights ago, I couldn't help noticing that almost everyone in the audience was busy snapping pictures with their cell phones and quickly uploading them to Facebook. I couldn't help noticing this because most of us were standing on the infield of Keystone Park, where the...; Tags: Bank, Facebook, Financial Services, Michael Hickins; Blog posts 2009-07-16

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