Discover how this company reduced their hedging costs and protected their margins to prepare
for budgeting season
Read client case


Navigate the complex world of currency management with our comprehensive dictionary of financial terms and definitions.

Restricted Currency

A restricted currency, also known as ‘blocked’ or non-convertible currency, is the monetary unit of a country where holders of the currency do not have the right to convert it freely at the going exchange rate into any other currency. A currency is considered to be restricted if it fulfills one or more of the following three criteria about usability, exchangeability and market value: it cannot be used for all purposes without restrictions; it cannot be exchanged for another currency without limitations; It cannot be exchanged at a given exchange rate.