sterling bloc (Meaning)
Wordnet
sterling bloc (n)
the group of countries whose currencies are tied to the British pound sterling
Synonyms & Antonyms of sterling bloc
No Synonyms and anytonyms found
sterling bloc Sentence Examples
- The Sterling Bloc comprised countries that pegged their currencies to the British pound.
- Membership in the Sterling Bloc provided stability and convertibility to member currencies.
- The Sterling Bloc weakened after World War II due to the devaluation of the pound.
- The Bretton Woods Agreement formalized the structure of the Sterling Bloc.
- The Sterling Bloc was initially successful in promoting economic growth among its members.
- The Sterling Bloc faced challenges due to fluctuations in the exchange rate of the pound.
- The Sterling Bloc was dissolved in 1971 when the pound was floated.
- Countries that were part of the Sterling Bloc gradually adopted independent monetary policies.
- The legacy of the Sterling Bloc can still be seen in the financial systems of some former member countries.
- The Sterling Bloc played a significant role in shaping post-war international economic relations.
FAQs About the word sterling bloc
the group of countries whose currencies are tied to the British pound sterling
No synonyms found.
No antonyms found.
The Sterling Bloc comprised countries that pegged their currencies to the British pound.
Membership in the Sterling Bloc provided stability and convertibility to member currencies.
The Sterling Bloc weakened after World War II due to the devaluation of the pound.
The Bretton Woods Agreement formalized the structure of the Sterling Bloc.
