A currency that is not available to trade on the forex market, and therefore cannot be exchanged for any other currency. In most cases, the reason that the currency is not available is due to restrictions from the national government. Having a non-convertible currency is a severe hindrance for anyone in the country who is trying to conduct business internationally. also called blocked currency.
Related information about non-convertible currency:
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From time to time an exporter/importer have to consider or even agree to fix a sales price in a currency that is not fully convertible. Is it possible.