to main page

Forex Terms
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
G7 G8 GB GE GF GL GO GR
GOI GOL GOO

Gold Standard

A commitment made by certain countries to fix the prices of their domestic currencies in terms of a specified amount of gold. Also known as the Bretton Woods System, the Gold Standard was enacted in 1946 and created a system of fixed exchange rates that allowed governments to sell their gold to the United States treasury at a fixed price. On August 15, 1971 President Richard Nixon ended the Bretton Woods system.

< to main page About | Forex Books | Top 10 | Feedback ^ top of page
Home Investment Dictionary №❶
ForexGlossary.com © 2000-2012 XHTML | CSS ForexBooks