The Sterling Zone refers to the dominions and colonies of the former British Empire (and Commonwealth) that pegs their respective currencies to the Pound Sterling. These notes (until recently) were usually printed in Great Britain, though with unique markings to denote which colony or diminion they are intended for.
The Sterling Zone became smaller and smaller during the latter half of the twentieth century when former British colonies and dominions went independent, or simply decided to issue their own currency tied to their own economies, or decided to tie their currency to another currency instead of Sterling (the colony of Bermuda, has their currency tied to the United States Dollar as an example of the latter). Rhodesia was thrown out of the Sterling Zone when they unilaterally declared independence in 1965. USD redirects here. ... National motto: Sit Nomine Digna (Latin: May she be worthy of the name} Official language English. ...
At the present time, Gibraltar and the islands of Guernsey, Jersey, Saint Helena, the Falkland Islands and the Isle of Man, which are not part of the United Kingdom, issue their own currencies, which are fixed to the value of sterling. None of these regional currencies are legal tender in the UK or in other regions, but they are commonly accepted by large businesses and banks, or are sometimes accepted unknowingly- for example, many vending machines cannot distinguish between English coins and those from outside the UK. An exchange commission may be charged if used at a bank or a large business.
Former Members of the Sterling Zone
Rhodesia. Expelled 11 November 1965 New Zealand. Left 23 December 1971 National motto: Sit Nomine Digna (Latin: May she be worthy of the name} Official language English. ...
British banknotes are the banknotes of the United Kingdom and British Islands, denominated in pounds sterling (GBP). ... 5 Isle of Man Pounds (1983) The Isle of Man issues its own pound notes and coins fixed at a 1:1 exchange rate to GBP (£ Sterling). ... The Guernsey pound (currency code GGP) is the currency used in Guernsey. ... The Jersey pound is the pound sterling issued in Jersey. ... The Gibraltar pound (ISO 4217 currency code: GIP) is often quoted as the currency of Gibraltar. ... The Falkland Islands issue their own currency, the pound. ... The island of Saint Helena issues its own currency, the Pound, which is linked to the Pound Sterling. ...
A sterling area or sterlingzone designation indicates those countries, either former members of the British Empire or current members of the Commonwealth of Nations or countries that maintain a high percentage of their foreign trade with Britain, that hold substantial amounts of pounds as exchange reserves.
Historically, the terms “pound” and “pound sterling” originated in Anglo-Saxon Britain during the 8th century when the basic monetary unit, called a sterling, was made equivalent to 1/240 of a pound of silver and 240 sterlings became known as a pound of sterling.
Its value is presently set by supply and demand, pending the possible rejoining of the ERM or possible participation in the Euro, the European currency.
Sterling answered with a six-play, 55-yard drive, capped on the second play of the second quarter by a trick play.
Sterling’s Jay Hinderman and Darren Griffith sacked Jarrels to nullify the extra-point attempt.
Sterling’s Casey Jones recovered the game’s opening kickoff at the Lee 39, and the Rangers drove to the 4-yard line before Martinez was intercepted by Dunford.
Feeds |
Contact