Sterling area
From Mises Wiki, the global repository of classical-liberal thought
Sterling area or sterling bloc are the terms applied, ever since Great Britain went off the gold standard in 1931, to those countries which kept large parts of their monetary reserves in "pounds sterling" with the Bank of England in order to maintain the established parity of their monetary units with the (British) pound sterling, rather than gold or silver.[1]
References
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-08-23.
