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]
^ abBordo, Michael; MacDonald, Ronald; Oliver, Michael (2009). "Sterling in crisis: 1964-1967". European Economic History Review. Cambridge, MA. doi:10.3386/w14657.
and 27 Related for: 1967 sterling devaluation information
The 1967sterlingdevaluation (or 1967sterling crisis) was a devaluation of sterling from $2.80 to $2.40 per pound on 18 November 1967. It ended a long...
income arising from the initial devaluation. At the outbreak of World War II, in order to stabilise sterling, the pound sterling was pegged to the United States...
Great Depression, and sterling suffered an initial devaluation of some 25%. Since the suspension of the gold standard in 1931, sterling has been a fiat currency...
The 1967 Penang Hartal riot (Malay: Hartal Pulau Pinang 1967) happened on November 24, 1967 in response to the devaluation of the Malayan dollar against...
international value of sterling to maintain confidence in the system, resulting in its devaluation of the pound sterling against the dollar in 1967 that was not...
Sterling crisis may refer to: 1931 sterling crisis, emergency measures during the Great Depression 1949 sterling crisis, devaluation1967sterling crisis...
upon decimalisation. However inflation, particularly after the 1967sterlingdevaluation, was eroding the note's lifespan in circulation and it was decided...
currency began with a devaluation in 1949 due to devaluation of Pound sterling. However since India's trade was largely in Pound sterling it did not register...
advocated devaluation of the pound in response, but Wilson resisted, reportedly in part out of concern that Labour, which had previously devalued sterling in...
million in October 1967, equivalent to 10% of the UK's total sterling liabilities to the overseas sterling area before the devaluation. Subsequently, Hong...
to a devaluation of the British Honduran dollar to a value of 70 U.S. cents (equal to 5 shillings sterling). Following Harold Wilson's devaluation of sterling...
balance of payments surplus in 1967. However, rumours that devaluation was on the cards led to heavy selling of Sterling on world markets. Wilson and Callaghan...
Oxford University Press. p. 173. "Sterling Parity Reduced to $2.40 from Old $2.80". Chicago Tribune. November 19, 1967. p. 1. M.A.G. van Meerhaeghe, International...
banknotes. The "new Cedi" (1967–2007) was worth 1.2 Cedis, which made it equal to half of a pound sterling (or ten shillings sterling) at its introduction....
the sterling area. As a result of the sterlingdevaluation of November 1967, the floating of the pound sterling in June 1972, and the ending of the Bretton...
greater cooperation among countries in order to prevent future competitive devaluations, and thus established the International Monetary Fund (IMF) to monitor...
Australia left the gold standard, resulting in a devaluation relative to sterling. A variety of pegs to sterling applied until December 1931, when the government...
Sterling was the currency of many, but not all parts of the British Empire. This article looks at the history of sterling in the Australia, New Zealand...
currency in question is replacing another currency of the same name, due to devaluation. So that the two currencies have different codes, a different third letter...
pegged to sterling until 1967 at £1 sterling = A£1 5s = A$2.50 = US$2.80. In 1967 Australia did not follow the pound sterlingdevaluation and remained...
greater international presence than the U.S. dollar. The great silver devaluation of 1873 caused the Mexican dollar to drop in value against the U.S. dollar...
pegged to sterling at a rate of 20 shillings to one pound sterling, making the Somali shilling equivalent to the British shilling. In 1967, it switched...
One of his biggest professional challenge was to avoid the 1967devaluation of sterling, mission he eventually failed. After his death, the Bank of England...
currency of New Zealand from 1840 until 1967, when it was replaced by the New Zealand dollar. Like the pound sterling, it was subdivided into 20 shillings...
Dubai riyal was equal to the Gulf rupee prior to its devaluation. Initially pegged with sterling at one shilling and six pence (1s. 6d.) per riyal, its...
resulting in a devaluation relative to sterling. Britain devalued the pound sterling against gold in 1931. A variety of pegs to sterling applied until...
of R 2 = £SA 1. The rand retained a 2:1 parity with sterling until sterling'sdevaluation in 1967 when South Africa did not follow suit. In 1892, the...
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