Tolerance.ca
Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations, Tolerance.ca® aims to promote awareness of the major democratic principles on which tolerance is based.

Will British Pound Remain Major Convertible Currency?

It ranks as one of the most disingenuous claims ever made by a modern British politician. Buffeted by a balance of payments crisis, Britain was forced in 1967 to devalue the pound by nearly 15 percent against the dollar, prompting the then-prime minister, Harold Wilson, to try to reassure a skeptical public that it "does not mean that the pound here in Britain, in your pocket or purse, or in your bank, has been devalued." Britons soon found otherwise, as living standards were...

Read complete article
© Voice of America -


Follow us on ...
Facebook Twitter