I really enjoy my International Marketing professors talks about Bangladesh...
Today, I was surprised about the fact that nations can run out of foreign currencies available for exchange, which causes them to restrict imports in certain areas since they want to use the currency available for 'important' goods such as medical equipment, etc... Still, I feel like I may need more information about this... any ideas for sources?
This phenomenon is called 'blocked currency'.
However, what is really the cause of this situation?
Is it the government of the host economy that makes the currency very unattractive (for example Zimbabwe) or is it embargoes posed by outsiders?
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