sterling bloc
noun
those countries having currencies whose values tend to vary directly with the rise and fall of the value of the pound sterling.
Also called
sterling area.
Words nearby sterling bloc
sterilize,
sterilizer,
sterlet,
sterling,
sterling area,
sterling bloc,
sterling heights,
sterling silver,
sterlitamak,
stern,
stern chaser
British Dictionary definitions for sterling area
sterling area
noun
a group of countries that use sterling as a medium of international payments and sometimes informally as a currency against which to peg their own currencies. For these purposes they deposit sterling balances and hold gold and dollar reserves in the Bank of England
Also called: sterling bloc, scheduled territories