Sentence Examples with the word pound sterling

During the first two years the bank remitted the greater part of its capital to Persia at the then prevailing exchange, and received for every pound sterling 32 t0 34 krans; but in consequence of the great fall in silver in I893 and 1894, the exchange rose to 50 krans per pound sterling and more, and the banks capital employed in Persia being reduced in value by more than one-thirdIO0 krans, which at the beginning represented 3 then being worth only 2 or lessthe original capital of one million sterling was reduced to 650,000 in December 1894.

Foreign gold coins, especially the pound sterling (par value 110 piastres) and the French 20-franc piece (par value 872 piastres) have free currency.