sterling area वाक्य
उदाहरण वाक्य
मोबाइल
- At the outbreak of the second world war in 1939, the sterling area was set up as an exchange control area for the purposes of protecting the external value of the pound sterling, principally against the US dollar.
- In June 1972, the British Prime Minister Edward Heath unilaterally reduced the sterling area to include only the United Kingdom, the Isle of Man, the Channel Islands and the Republic of Ireland ( and Gibraltar the following year ).
- At the outbreak of the second world war, unlike in the case of Canada, Newfoundland, and Hong Kong, British Honduras did join the sterling area even though it maintained its fixed exchange rate with respect to the US dollar.
- If both happened simultaneously, then currency A would appreciate by 9 % against currency B . This was seen as excessive, and the Basel agreement in 1972 This agreement also led to the formal end of the Sterling Area.
- Gibraltar was re-included into the new miniature sterling area on 1 January 1973, and the other sterling area countries responded as they chose & mdash; in fact, some of these countries had already taken similar measures throughout the 1950s and 1960s.
- Gibraltar was re-included into the new miniature sterling area on 1 January 1973, and the other sterling area countries responded as they chose & mdash; in fact, some of these countries had already taken similar measures throughout the 1950s and 1960s.
- In June 1972, the British government ( in consultation with the Irish, Manx, Jersey and Guernsey governments ) unilaterally applied exchange controls to the other Sterling Area countries, with the exception of Ireland, the Isle of Man, and the Crown dependencies in the Channel Islands.
- Hence, the Australian pound maintained its close connection with the pound sterling and when the second world war broke out in 1939, Australia joined the sterling area which was an emergency wartime measure designed to protect the pound sterling's external value, principally against the US dollar.
- Britain in the 1930s had an exclusionary trading bloc with nations of the British Empire known as the " Sterling Area . " If Britain imported more than it exported to, say, South Africa, South African recipients of pounds sterling tended to put them into London banks.
- South Yemen was still however listed in British law as being part of the overseas sterling area, that being a list of scheduled territories which continued to enjoy some exchange control privileges with the United Kingdom right up until 1979 when Margaret Thatcher abolished all United Kingdom exchange controls.
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