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Gold reserves of the United Kingdom; Flight of the Norwegian National Treasury - the transfer of Norway's gold reserves to the United States via the United Kingdom, to avoid them falling into the hands of Nazi Germany. Moscow gold (Spain) – gold reserves sent by Republican Spain to the Soviet Union during the Spanish Civil War
The gold reserve of the United Kingdom is the amount of gold kept by Bank of England as a store of value of part of the United Kingdom's wealth. Leftover from the Gold Standard which the country abandoned in 1931, it is the 17th largest central bank reserve in the world with 310.29 tonnes of gold bars .
The British Pacific Fleet (BPF) was a Royal Navy formation that saw action against Japan during the Second World War. It was formed from aircraft carriers, other surface warships, submarines and supply vessels of the RN and British Commonwealth navies in November 1944.
In Allied countries during the war, the "Pacific War" was not usually distinguished from World War II, or was known simply as the War against Japan. In the United States, the term Pacific theater was widely used. The US Armed Forces considered the China Burma India theater to be distinct from the Asiatic-Pacific theater during the conflict.
Due to its expenditure on war materiel, Britain lacked gold reserves and U.S. dollars [3] to pay for existing and future orders with Canadian industry. At the same time, following expansion, Canadian industry was dependent on British contracts and before the war had had a positive balance of trade with the UK, but with the establishment of Lend-Lease, the UK secured future orders with the US.
The military history of the United Kingdom in World War II covers the Second World War against the Axis powers, starting on 3 September 1939 with the declaration of war by the United Kingdom and France, followed by the UK's Dominions, Crown colonies and protectorates on Nazi Germany in response to the invasion of Poland by Germany. There was ...
The US-led victory over the Empire of Japan brought about the end of World War II in Asia. In the afternoon of 15 August 1945, the surrender of Japan occurred, effectively ending World War II. On this day the initial announcement of Japan's surrender was made in Japan, and because of time zone differences it was announced in the United States ...
The rapid loss of dollar reserves also highlighted the weakness of sterling, which was devalued in 1949 from $4.02 to $2.80. [10] In later years, the term of 2% interest was rather less than the prevailing market interest rates, resulting in it being described as a "very advantageous loan" by members of the British government, as elaborated below.