Random Feed wrote an interesting post today on
Here’s a quick excerpt
Gold standard Gold species standard Gold Bullion standard Exchange control was introduced post world war I (huge currency printed) inflation, followed by depression ‘ turmoil in 1930-s . BRETTON WOOD Conference initiative to create multilateral currency system held in 1944 ‘ led to IMF and IBRD. To start with fixed rates were introduced (vis-à-vis USD or Gold0. IMF to permit changes in valuations of currencies (almost automatic for changes upto 10%) ‘ to avoid sudden changes impacting other

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