Gold Exchange Standard

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Gold Exchange Standard

Summary of Gold Exchange Standard

A condition in which a nation maintains its reserves in a currency convertible into gold rather than in the metal itself. Since August 15, 1971, the U.S. dollar has not been freely convertible into gold by foreign central banks; it therefore does not qualify as a reserve currency for a nation on a gold exchange standard.

(Main Author: William J. Miller)

Hierarchical Display of Gold-exchange standard

Finance > Monetary relations > International finance > International monetary system
Finance > Monetary economics > Money market > Euromarket > Eurodollar
Finance > Monetary economics > Exchange policy > Currency convertibility

Gold-exchange standard

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Finance > Monetary relations > International finance > International monetary system > Gold-exchange standard
Finance > Monetary economics > Money market > Euromarket > Eurodollar > Gold-exchange standard
Finance > Monetary economics > Exchange policy > Currency convertibility > Gold-exchange standard

See also

  • Gold-currency standard
  • Gold-dollar standard

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