sterling bloc
E521641
The sterling bloc was a group of countries that linked their currencies to the British pound and coordinated monetary policy around it, particularly during the mid-20th century.
Statements (51)
| Predicate | Object |
|---|---|
| instanceOf |
currency bloc
ⓘ
monetary arrangement ⓘ |
| alsoKnownAs | sterling area NERFINISHED ⓘ |
| basedOnCurrency | Pound sterling NERFINISHED ⓘ |
| characteristic |
centralized management of sterling reserves
ⓘ
exchange controls on capital movements ⓘ fixed or managed exchange rates to the pound ⓘ |
| coordinatedMonetaryPolicyAround | Pound sterling NERFINISHED ⓘ |
| coreCurrencyCountry | United Kingdom NERFINISHED ⓘ |
| declineBegan | late 1950s ⓘ |
| emergedDuring | interwar period ⓘ |
| includedCountry |
Australia
NERFINISHED
ⓘ
Burma NERFINISHED ⓘ Canada NERFINISHED ⓘ Ceylon NERFINISHED ⓘ Egypt NERFINISHED ⓘ Ghana NERFINISHED ⓘ Hong Kong NERFINISHED ⓘ India NERFINISHED ⓘ Iraq NERFINISHED ⓘ Ireland NERFINISHED ⓘ Jordan NERFINISHED ⓘ Malaya NERFINISHED ⓘ New Zealand NERFINISHED ⓘ Nigeria NERFINISHED ⓘ Pakistan NERFINISHED ⓘ Persian Gulf sheikhdoms NERFINISHED ⓘ South Africa NERFINISHED ⓘ Sudan NERFINISHED ⓘ |
| largelyDissolvedBy | 1970s ⓘ |
| linkedCurrenciesTo | Pound sterling NERFINISHED ⓘ |
| mainPurpose |
facilitate trade within the bloc
ⓘ
stabilize exchange rates among member countries ⓘ support the international role of the pound sterling ⓘ |
| policyFeature |
maintenance of official sterling reserves
ⓘ
preference for trade invoicing in sterling ⓘ sterling exchange standard ⓘ |
| relatedTo |
Bretton Woods system
NERFINISHED
ⓘ
gold exchange standard ⓘ |
| reserveHoldingsConcentratedIn | London NERFINISHED ⓘ |
| significantDuring |
Great Depression
NERFINISHED
ⓘ
World War II NERFINISHED ⓘ mid-20th century ⓘ post–World War II era ⓘ |
| typicalMemberType |
British colony
ⓘ
British dominion ⓘ Commonwealth country ⓘ |
| usedReserveCurrency | Pound sterling NERFINISHED ⓘ |
| weakenedBy |
decolonization
ⓘ
pound sterling devaluations ⓘ rise of the US dollar ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.