sterling area

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sterling area

n
(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 or scheduled territories
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.sterling area - the group of countries whose currencies are tied to the British pound sterling
bloc, axis - a group of countries in special alliance
Translations

sterling area

nSterlinggebiet nt, → Sterlingblock m

sterling area

n (Fin) → area della sterlina
References in periodicals archive ?
The authorities believed she was assaulted and murdered after leaving a mosque in the Sterling area in Virginia.
The police found her remains yesterday after the 17-year-old, identified as Nabra Hassanen, went missing after leaving the mosque in the Sterling area.
We in Jersey proudly enjoy our independence, and would urge the Scots (and our Welsh hosts, too) to join us as independent members of the Sterling Area, sharing our currency - and our Queen - on an equal basis, while being free to look after all our own affairs.
And the paper predicts: "Monetary policy will be set according to economic conditions across the sterling area with ownership and governance of the Bank of England undertaken on a shareholder basis.
John was a private man but he was involved in many organizations in the Sterling area.
A victory at Wimbledon for Andy Murray is not going to suddenly turn round the Scottish economy or answer how independence would cope with monetary union as part of the sterling area.