sterling area Antonyms

No Synonyms and anytonyms found

Meaning of sterling area

Wordnet

sterling area (n)

the group of countries whose currencies are tied to the British pound sterling

sterling area Sentence Examples

1. The sterling area, a monetary system established in 1947, linked British Commonwealth countries to the pound sterling.
2. The sterling area allowed members to hold their foreign exchange reserves in sterling and restricted their currencies from being traded freely.
3. Joining the sterling area provided stability and certainty to Commonwealth currencies in the post-war era.
4. The United Kingdom played a central role in managing the sterling area, regulating exchange rates and providing financial assistance.
5. The sterling area faced economic challenges in the 1950s and 1960s due to the devaluation of sterling and pressure on the pound.
6. The sterling area began to dissolve in the 1970s as members sought greater monetary independence.
7. The United Kingdom formally withdrew from the sterling area in 1972, ending the system's fixed exchange rate mechanism.
8. Some Commonwealth countries continued to maintain a special relationship with the pound sterling through the Sterling Area Currency Agreement.
9. The sterling area played a significant role in the economic and financial development of the British Commonwealth after World War II.
10. The legacy of the sterling area can still be seen in the currency relationships and financial practices of some Commonwealth countries today.

FAQs About the word sterling area

What is the meaning of the word sterling area

the group of countries whose currencies are tied to the British pound sterling

What are the synonyms of the word sterling area

No synonyms found.

What are the antonyms of the word sterling area

No antonyms found.

What is the usage of word sterling area

The sterling area, a monetary system established in 1947, linked British Commonwealth countries to the pound sterling.

The sterling area allowed members to hold their foreign exchange reserves in sterling and restricted their currencies from being traded freely.

How to use the word sterling area in a sentence?

Joining the sterling area provided stability and certainty to Commonwealth currencies in the post-war era.

The United Kingdom played a central role in managing the sterling area, regulating exchange rates and providing financial assistance.