The devaluation of sterling in 1949 (or 1949 sterling crisis) was a major currency crisis in the United Kingdom that led to a 30.5% devaluation of sterling from $4.04 per pound to $2.80 on 18 September 1949.[1][2] Although the devaluation was made in the United Kingdom, over 19 countries had currencies pegged to sterling and also devalued.
- ^ Schenk, Catherine R. (2013). The decline of sterling: managing the retreat of an international currency, 1945-1992. Cambridge University Press. ISBN 978-0-521-87697-1. OCLC 934197928.
- ^ "Devaluation of the Pound: Explanation | StudySmarter". StudySmarter UK. Retrieved 2024-01-23.
© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search