Tags: Bretton Woods
Trackback this article from your own site.
Bretton Woods Agreement of 1944
The Bretton Woods agreement of 1944 is an agreement that established fixed foreign exchange rates for major currencies, provided for central bank intervention in the currency markets, and pegged the price of gold at 35 USD per ounce. The agreement lasted until 1971, when President Nixon overturned the Bretton Woods agreement and established a floating exchange rate for the major currencies.
