Scheduled Territories (Noun)
Meaning
The group of countries whose currencies are tied to the British pound sterling.
Classification
Nouns denoting groupings of people or objects.
Examples
- The scheduled territories, including Gibraltar and the Falkland Islands, have currencies pegged to the British pound sterling.
- Prior to its dissolution, the British Empire had several scheduled territories that used the sterling as their official currency.
- Due to historical ties with the UK, some scheduled territories still maintain a fixed exchange rate with the pound sterling.
- Certain scheduled territories, such as the Isle of Man and Jersey, issue their own currencies but peg them to the British pound.
- Changes in the value of the pound sterling can significantly impact the economies of the scheduled territories.