Ads
related to: 1967 sterling devaluation value book free download 2025bumper.com has been visited by 10K+ users in the past month
wiki-drivers.com has been visited by 100K+ users in the past month
Search results
Results From The WOW.Com Content Network
The 1967 sterling devaluation (or 1967 sterling crisis) was a devaluation of sterling from $2.80 to $2.40 per pound on 18 November 1967. It ended a long sterling crisis that had started in 1964 with the election of Labour in the 1964 general election, [1] but originated in the balance of payments crises of the preceding Conservative government. [1]
The UK government devalued the pound sterling in November 1967 from £1 = $2.80 to £1 = $2.40. This was not welcomed in many parts of the sterling area, and, unlike in the 1949 devaluation, many sterling area countries did not devalue their currencies at the same time. This was the beginning of the end for the sterling area.
After a brief period in which the deflationary measures relieved sterling, pressure mounted again in 1967 as a consequence of the Six-Day War, the Arab oil embargo and a dock strike. [17] After failing to secure a bail-out from the Americans or the French, a devaluation from US$2.80 to US$2.40 took effect on 18 November 1967.
Sterling crisis may refer to: 1931 sterling crisis, emergency measures during the Great Depression; 1949 sterling crisis, devaluation; 1967 sterling crisis, devaluation; 1976 sterling crisis, IMF loan; 1992 sterling crisis ("Black Wednesday"), depreciation
Leonard James Callaghan, Baron Callaghan of Cardiff (/ ˈ k æ l ə h æ n / ⓘ KAL-ə-han; 27 March 1912 – 26 March 2005), commonly known as Jim Callaghan, was a British statesman [1] and Labour politician who served as Prime Minister of the United Kingdom from 1976 to 1979 and Leader of the Labour Party from 1976 to 1980.
Download QR code; Print/export ... Pages in category "Pound sterling" ... 0–9. 1967 sterling devaluation; B. Banknotes of the pound sterling; List of British ...
The Superannuation (Public Offices) Rules 1967 provided for “the payment of death gratuities, and for the payment of transfer values and the aggregation of public office service in cases where a person transfers with his pension rights to other employment.” [152] In addition, NHS superannuation regulations of 1965 entitled certain officers ...
In 1959, Spain became part of the Bretton Woods System, pegging the peseta at a value of Pts 60 = US$1. In 1967, the peseta followed the devaluation of sterling, maintaining the exchange rate of Pts 168 = £1 stg. and establishing a new rate of Pts 70 = US$1. High inflation was constant in Spain from the Civil War until the 1990s. After one ...