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Forex Trading What is a blocked currency?
avatar Laura
Question by: Laura - 17 Aug 2012, 10:20:52
What is a blocked currency?
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Answers (2)
avatar user 3825
Answer by: Jeremy - 28 Nov 2014, 03:42:53

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".

avatar user 5459
Answer by: Henry - 22 Apr 2015, 04:36:49

A currency that is prohibited from being exchanged on the Forex.

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