Meaning Parallel Market
What does Parallel Market mean? Here you find 3 meanings of the word Parallel Market. You can also add a definition of Parallel Market yourself

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Parallel Market


A country's separate market which deals in goods and currencies outside the country's normal official government controls.
Source: businessballs.com

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Parallel Market


A secondary currency market where currency rates are different from those applied in the official market. The term may sometimes also apply to the black market.
Source: legacy.intracen.org

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Parallel Market


An unofficial foreign exchange market tolerated by a government but not officially sanctioned. The exact boundary between a parallel market and a black market is not very clear, but official tolerance of what would otherwise be a black market leads a to use of the term parallel market.
With respect - 1 June 2022

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