black market


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black market

The business of buying or selling illegal or banned goods, currencies, or substances. Hyphenated if used as a modifier before a noun. Though they have been proven beyond a shadow of a doubt to hold no medicinal properties, rhino horns are highly sought after on the black market. Illegally procured and distributed prescription medicines make up a surprisingly large percentage of black-market drug trade.
See also: black, market

the black ˈmarket

an illegal form of trade in which foreign money, or goods that are difficult to obtain, are bought and sold: Tickets for the game are being sold on the black market for $200 each. OPPOSITE: the open market
See also: black, market
References in periodicals archive ?
56% of all black market on By 2010/11, the figure had been slashed by almost half, with PS1.
Tire application accounted for largest share of carbon black market
This report covers trends driving each segment and respective sub-segments and offers analysis and insights on the potential of the conductive carbon black market in specific regions.
The CBE imposed daily and monthly limits on dollar deposits in banks ($10,000 and $50,000 respectively) in an attempt to stifle the black market of foreign exchange.
Most commonly purchased on the black market were meats, tires, gasoline, liquor, nylons, and shoes.
Another expert quoted by The New York Times alleged that Turkey has been turning a blind eye to the oil trade because it benefits from the lower price of smuggled black market oil.
validate people, products and payments in the black market.
These gas stations provide half of what they have to consumers and then shut down and sell the rest on the black market for double the price," he added.
Researchers also examine various projections and predictions for how the black market may evolve.
Summary: Central bank takes extraordinary steps to prop up its currency and curb black market in foreign exchange.
Damascus, SANA_ Black-market dealer, Ali Kamal Younes, confessed to dealing in foreign currencies in the black market and smuggling money out of Syria in violation of laws and regulations in a manner that contributes to destabilizing the SYP/USD exchange rate and damages the national economy.
On Thursday the owner of Black Market Reloaded, an online drug and firearm store similar to Silk Road, announced in a forum thread entitled "End of the road" that the site was being shut down due to a major security breach which could lead authorities to identify him.
In the framework of continued efforts to pursue currency traders on the black market, the authorities closed Al-Shr Office for Exchange in Damascus and arrested a number of its staff over manipulation of exchange rate," the agency said.
The black market has flourished under Egypt's subsidised fuel system.
Black market tobacco sellers were issued with an average fine of just [euro]2,706 last year, while the average fine for smuggling tobacco was [euro]2,486.