sterling area

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

Thesaurus

Noun

1.

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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sterling area n (Fin) → area della sterlina