The Smithsonian Agreement, announced in December 1971, created a new dollar standard, whereby the currencies of a number of industrialized states were pegged to ...
A breakdown of the pattern of exchange rates embodied in the Smithsonian Agreement could lead to some repetition of the general uncertainties evident last Fall.
... Smithsonian Agreement. Although characterized by Nixon as “the most significant monetary agreement in the history of the world,” the exchange rates ...
On Dec. 17 and 18, 1971, representatives of the Group of Ten met at the Smithsonian Institution in Washington, D.C., and agreed on a realignment of currencies ...
Early in 1973 the Smithsonian exchange rates collapsed. HOLDING THE NEW RATES IN EARLY 1972. That the currency realignment of the Smithsonian agreement would ...
The United States agreed “to propose to Congress a suitable means for devaluing the dollar in terms of gold to $38.00 an ounce as soon as the related set of ...
At the Smithsonian meeting, the United States agreed to devalue the dollar against gold by approximately 8.5 percent to $38 per ounce. Other countries offered ...
