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sterling area
(redirected from Sterling zone)

    Also found in: Wikipedia 0.02 sec.
sterling area
n
(Economics, Accounting & Finance / Banking & Finance) a group of countries that use sterling as a medium of international payments and sometimes informally as a currency against which to peg their own currencies. For these purposes they deposit sterling balances and hold gold and dollar reserves in the Bank of England Also called sterling bloc scheduled territories
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.sterling area - the group of countries whose currencies are tied to the British pound sterling
scheduled territories, sterling bloc
bloc, axis - a group of countries in special alliance
Translations
sterling area
n → Sterlinggebiet nt, → Sterlingblock m
sterling area n (Fin) → area della sterlina
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The Sterling zone encompassed former British colonies, the Escudo zone was set up between Portugal and its colonies overseas, while the Ruble zone ended in 1991.
The Gulf Monetary Union Depicted as an Economic Gain by Dar Al Hayat, International ed. (Beirut, Lebanon)
Perhaps the Republic of Ireland should consider rejoining the sterling zone that it effectively left in 1979.
No need for euro to alert us to price differences by The Journal (Newcastle, England)
Northern Ireland Tourist Board chief Alan Clarke said: "We are bucking the trend as we have the land border with the South and we are part of the sterling zone so it helps that way.
Southern shoppers bonanza; ECONOMY by The Mirror (London, England)
 
 
 
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