Pound in example sentence
The United Kingdom, which had a central bank and at the same time pegged its currency, experienced a major foreign exchange crisis in late 1967, when the pound was pegged to the U.S. dollar, and again, this time along with France, Italy and other members of the European Monetary Union in 1992 and 1993, when the peg was not to the dollar but at rates agreed to under the European Monetary System.
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