sterling area

n (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

Thesaurus

Noun

sterling area - the group of countries whose currencies are tied to the British pound sterlingscheduled territories, sterling blocbloc, axis - a group of countries in special alliance

Translations

sterling area

a group of countries (predominantly ex-British colonies) whose own national currencies were formerly linked directly to the value of the British POUND and who held STERLING as part of their INTERNATIONAL RESERVES

sterling area

Related to sterling area: sterling bloc

noun

Synonyms for sterling area

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

Synonyms

scheduled territories
sterling bloc

Related Words

bloc
axis

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