the name given to the UK POUND when used in international dealings, primarily to distinguish it from other countries also using the pound as a domestic currency. Formerly, large amounts of sterling were held by members of the British Commonwealth (the so-called ‘sterling area bloc’) and others, as part of their INTERNATIONAL RESERVES.
the name given to the UK POUND in international dealings to distinguish it from other countries using the pound as the basis of their currencies. Formerly, most countries extensively involved in international trade kept large sterling balances as part of their stock of INTERNATIONAL RESERVES, but nowadays sterling is little used as a reserve asset except by a number of current and former member countries of the British Commonwealth.
In court papers, which include copies of her daily planner, Jaksy contends that Sterling kissed her, hugged her and repeatedly asked her to have sex with him and his friends in exchange for an extra $300 to $400 a week.