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.

All labels observed (1)

Label Occurrences
sterling bloc canonical 1

How this entity was disambiguated

Statements (51)

Predicate Object
instanceOf currency bloc
monetary arrangement
alsoKnownAs sterling area
linked to: Sterling area
basedOnCurrency Pound sterling
characteristic centralized management of sterling reserves
exchange controls on capital movements
fixed or managed exchange rates to the pound
coordinatedMonetaryPolicyAround Pound sterling
coreCurrencyCountry United Kingdom
declineBegan late 1950s
emergedDuring interwar period
includedCountry Australia
Burma
linked to: Myanmar

Canada
Ceylon
linked to: Sri Lanka

Egypt
Ghana
Hong Kong
linked to: Hong Kong, China

India
Iraq
Ireland
Jordan
Malaya
New Zealand
Nigeria
Pakistan
Persian Gulf sheikhdoms
linked to: Persian Gulf states

South Africa
Sudan
largelyDissolvedBy 1970s
linkedCurrenciesTo Pound sterling
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
gold exchange standard
reserveHoldingsConcentratedIn London
linked to: London, England
significantDuring Great Depression
World War II
mid-20th century
post–World War II era
typicalMemberType British colony
British dominion
Commonwealth country
usedReserveCurrency Pound sterling
weakenedBy decolonization
pound sterling devaluations
rise of the US dollar

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Sterling area alsoKnownAs sterling bloc