Smithsonian Agreement

Smithsonian Agreement
A revision to the Bretton Woods ( Bretton Woods Agreement) international monetary system that was signed at the Smithsonian Institution in Washington, D.C., in December 1971. Included were a new set of par values , widened bands to +/- 2.25% of par, and an increase in the official value of gold to US$38.00 per ounce. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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