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
FAQs About the word sterling area
the group of countries whose currencies are tied to the British pound sterling
No synonyms found.
No antonyms found.
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.
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.
