sterling area

Definitions

Accounting

• noun formerly, the area of the world where the pound sterling was the main trading currency

Economics

• (written as Sterling Area)
  The group of countries that either used the British pound as their currency or pegged their currencies to the British pound. Most were current or former colonies of the United Kingdom. The sterling area ceased to be meaningful in the 1970s when countries largely switched to floating exchange rates.

Nearby Definitions of “sterling area”

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Contexts for “sterling area”

2 definitions in context
• Accounting
• Economics