Meaning Of The Word Sterling area
What's the definition of Sterling area? Find Sterling area meanings, definitions and more at the Real Dictionary online.
Sterling area Meaning
| Sterling area Definition |
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What's The Definition Of Sterling area?
sterling area in American English
an association of countries that peg the value of their currencies to that of the British pound sterling, as esp. between 1931 and 1972 sterling area in British English noun: a group of mainly Commonwealth countries that used sterling as a medium of international payments and sometimes informally as a currency against which to peg their own currencies. For these purposes they deposited sterling balances and held gold and dolla |
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