Definition of Sterling Area in English :

Define Sterling Area in English

Sterling Area meaning in English

Meaning of Sterling Area in English

Pronunciation of Sterling Area in English

Sterling Area pronunciation in English

Pronounce Sterling Area in English

Sterling Area

see synonyms of sterling area

Noun

1. scheduled territories, sterling area, sterling bloc

the group of countries whose currencies are tied to the British pound sterling

WordNet Lexical Database for English. Princeton University. 2010.


Sterling Area

see synonyms of sterling area
noun
(formerly)
a group of mainly Commonwealth countries that used sterling as a medium of international payments and sometimes informally as a currency against which to peg their own currencies. For these purposes they deposited sterling balances and held gold and dollar reserves in the Bank of England
. Also called: sterling bloc, scheduled territories

Collins English Dictionary. Copyright © HarperCollins Publishers


Sterling Area

see synonyms of sterling area
an association of countries that peg the value of their currencies to that of the British pound sterling, as esp. between 1931 and 1972
: also sterling bloc

Webster’s New World College Dictionary, 4th Edition. Copyright © 2010 by Houghton Mifflin Harcourt. All rights reserved.