Ad
related to: 1967 sterling devaluation value pack set list of books by date printable
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]
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
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.
Printable version; In other projects ... Pages in category "Pound sterling" ... 0–9. 1967 sterling devaluation; B. Banknotes of the pound sterling; List of British ...
Date Book Author January 1: The Secret of Santa Vittoria: Robert Crichton: January 8 January 15 January 22 January 29 February 5 February 12 February 19 February 26 March 5 March 12 March 19 March 26: The Arrangement: Elia Kazan: April 2 April 9 April 16 April 23 April 30 May 7 May 14 May 21 May 28 June 4: The Eighth Day: Thornton Wilder: June ...
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Help; Learn to edit; Community portal; Recent changes; Upload file
The riot began as a peaceful protest organised by the Labour Party over the devaluation of the Malayan dollar against the British pound sterling. [1] Malaysian at that time had two currencies in circulation. One was the old Malayan dollar and the other was the new Malaysian dollar. Both were trading at par and valued at 8.57 dollars per pound.