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Related to sterling area: sterling bloc
(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
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|Noun||1.||sterling area - the group of countries whose currencies are tied to the British pound sterling|
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
n → Sterlinggebiet nt, → Sterlingblock m
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