sterling area


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Related to sterling area: sterling bloc

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 ?
Allegiance will strengthen Care Advantage's existing presence in Northern Virginia, particularly in the Sterling area, and the current Allegiance leadership team will continue with the company.
First, New Zealand's economic and financial relations were overwhelmingly with the United Kingdom and its currency bloc, the sterling area. Membership of an international financial and monetary order added little to those relations and might subtract from them.
However, the disintegration of the Sterling Area after 1945, a long-forgotten historical remnant of British economic imperialism, may be more instructive as the world faces the prospect of American economic decline and a fraying EU economic regime.
In 1973, when Britain acceded to the European Economic Community (EEC) as it then was, it required unbundling arrangements such as the Commonwealth System of Trade Preferences and the Sterling Area.
Her body was later found in Sterling area, outside Washington with signs of beating.
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.
The independent countries remained within ex-imperial monetary structures--the Netherlands Monetary Area for Indonesia (to 1957); the sterling area for Malaya/Malaysia and Singapore (to 1972).
Without advocating Scottish separatism, it was clear that a major weapon of the Better Together campaign last year was the scare story - we were told repeatedly that the Scots would be thrown out of the sterling area by George Osborne and would sink into economic ruin.
And a law should be passed that all the banknotes used in the various bits of the sterling area will only be accepted for value by the banks that issue them and not by the others.
The SNP's Kenneth Gibson said: "This survey puts further pressure on the UK Government to drop their bluff and bluster on the pound, which will be the currency of an independent Scotland within a sterling area."
Ahead of his speech to a Business for Scotland audience, the SNP leader said: "The Chancellor will have to explain exactly why he favours imposing almost PS500million of higher transaction costs on UK businesses instead of entering a perfectly feasible Sterling area with the rest of the UK's second biggest trading partner."