Smithsonian Agreement

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August 25, 2024 4 min read Definitions
Smithsonian Agreement: Abolishment of Fixed Exchange Rates
Economics Finance History Government Regulations Smithsonian Agreement Fixed Exchange Rates Floating Currency Exchange Rate Bretton Woods International Monetary System
The Smithsonian Agreement of December 1971 marked the end of the fixed exchange rate system established at the Bretton Woods Conference, transitioning to floating exchange rates.
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