Commodity Block Currency

Business, Legal & Accounting Glossary

Definition: Commodity Block Currency


Commodity Block Currency


Full Definition of Commodity Block Currency


A currency of a country that maintains an economy strongly related to the price fluctuations of a certain commodity. An example of this currency is the strong tie between Canada’s economy and its tie to the price of oil which affects the price of the Canadian dollar.


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Definition Sources


Definitions for Commodity Block Currency are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.