Pound backed by a Latin country (5)
I believe the answer is:
nepal
'country' is the definition.
(Nepal is an example)
'pound backed by a latin' is the wordplay.
'pound' becomes 'pen' (I've seen this in other clues).
'backed' says the letters should be written backwards.
'by' is a charade indicator (letters next to each other).
'latin' becomes 'l'.
'pen' reversed gives 'nep'.
'nep'+'a'+'l'='NEPAL'
(Other definitions for nepal that I've seen before include "somewhere in Asia" , "Himalayan kingdom" , "mountain state" , "mountainous area" , "Hindu kingdom in south Asia" .)