They have a sterling balance sheet and very significant cash flow.
2.
International sterling balances became convertible one year after the loan was ratified, on 15 July 1947.
3.
Nehru represented India at the post-World War II Reparations Conference and Sterling Balances negotiations with Britain.
4.
The British government offered a unilateral agreement in return to guarantee sterling balances at a new slightly higher rate.
5.
Member countries with their own currency held a large portion of their foreign currency reserves as sterling balances in London.
6.
During the rest of the 1970s and early 1980s the remaining sterling balances were wound down to a level that represented the significance of Britain in contemporary world trade.
7.
The cost of rebuilding necessitated austerity at home in order to maximise export earnings, while Britain's colonies and other client states were required to keep their reserves in pounds as " sterling balances ".
8.
1951-Britain blocks Iran's sterling balances in the U . K . and bans export of essential raw materials to Iran in an effort to create economic trouble for Premier Mohammed Mossadegh so he will resign.
9.
Dr Shenoy's work on the " Sterling balances of Reserve Bank of India ", written in 1946 was the first effort by any economist to accurately calculate the World War II expenses and actual value of foreign exchange reserve with Reserve Bank of India.
10.
One of the issues covered in the negotiations about the United Kingdom's entry to the EEC was the problem of " sterling balances ", balances held in sterling in London by governments of countries which were members of the sterling area, in many cases the result of debts incurred by Britain during the war.
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