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 ?
- Regional analysis: carbon black market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
When the scheme was launched authorities said they intended to issue 48,000 permits by 2019, generating as much as BD56 million that would have otherwise gone to the black market.
If travelers want more, they must resort to the black market or buy in the country they are visiting, where the price is likely to conform to the Tehran black market.
56% of all black market on By 2010/11, the figure had been slashed by almost half, with PS1.8bn lost to black market tobacco.
These proposals seem designed to give pot buyers the impression that they're being tracked by the state, which would lead some to favor black market sources.
The governor said that the currency black market has been 'wiped out' thanks to measures taken by the Central Bank of Egypt (CBE).
"The instant response in the black market has been surprising," Hany Farahat, a senior economist at Cairo-based CI Capital, said by phone on Thursday.
But there remains an active black market in the pound that is used by businesses and individuals, and the gap between this and the official rate had been widening for months.
That's when the place to turn was the black market.
Lina Khatib, director of the Carnegie Middle East Centre, the global think tank based in Beirut said that the key player in the selling of oil on the black market by Isil is Turkey, through which oil was being smuggled with facilitation by Iraqi middlemen.
"I believe this report has a purpose," Yyldyz said in Qatar, referring to a story in The New York Times that said Turkey was the destination for black market oil supplied by ISIL.
The global cyber black market has a mature economy that mirrors that of other free markets in terms of both innovation and growth, according to insights recently released by Juniper Networks.
The drivers claim that the state-owned Yemen Petroleum Company (YPC) branch in Dhamar has effectively encouraged the selling of fuel on the black market by closing one of its two petrol stations in Dhamar city while providing diesel to private gas stations.
Within days, that data appeared - available for purchase - on black market websites.
Summary: Central bank takes extraordinary steps to prop up its currency and curb black market in foreign exchange.