currency bloc
noun[C]
ECONOMICS,FINANCEukusagroupofcountriesthat all use the samemoney:
Oneargumentforjoiningasinglecurrencyblocis that it wouldencouragegreatercapitalinvestment.
agroupofcountriesthevalueof whosemoneyistiedto thevalueof themoneyof asinglecountry:
Apowerful, ifinformal,currencyblochasdevelopedbetween theUnitedStatesand most ofAsia.