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The currency term sterling is derived from the mint in the town.
The article also referred incorrectly to a currency term used by Charalambos Alexandrou, a roofer who, recalling the country's flush times, talked of getting a £20,000 loan on a monthly salary of £400.
Breaking down Foster's account, Andy Bowley and other analysts with Citi found that the 31.7% unadjusted slide in constant currency term implied a slump of 57% in pretax earnings from the U.S. wine market in the second-half.
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3. Currency appreciation would lead to a big loss on reserve holdings in local currency terms.
Net revenue in local currency terms was higher.
Stronger currencies would lower the cost in local currency terms of importing oil and other goods.
Sales would have been 3percentt lower in local currency terms, Sony said.
Revenues at shipyards, usually another strong market for Polish steel, dropped 12percentt in local currency terms last year.
The group said its pretax adjusted operating profit for 2015 rose 4% in reported currency terms to £1.7bn.
Mr. Alexandrou, using Cyprus's former currency terms, recalls the flush times after his country joined the European Union.
Its European sales were up by 27% in February, but by only 9% in "constant currency" terms.
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CEO of Professional Science Editing for Scientists @ prosciediting.com