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Definitions from WordNet

Definitions from the Web

Sterling Bloc

Description:

A "Sterling Bloc" refers to a group of countries that formed an economic agreement and maintained fixed exchange rates with the British pound sterling during the mid-20th century.

In terms of local usage, "Sterling Bloc" can also indicate a specific trade block or economic community formed by countries using the pound sterling as their currency.

Sample Sentences:

Noun - International Usage:

1. The sterling bloc, comprising ten countries, aimed to stabilize their economies by pegging their currencies to the British pound.
2. The member countries of the sterling bloc enjoyed increased trade and financial stability.

Noun - Local Usage:

1. After Brexit, some experts anticipated the formation of a new sterling bloc comprising the UK and its former colonies.
2. The economies of the Caribbean countries are deeply connected due to their participation in the sterling bloc.

Related Products:

• Currency Exchange Books
• Books on Economic Integration
• Historical Analysis of Trade Blocs