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On Value And Values and other major currencies. The US dollar in turn was based on a set amount of gold—hence, the modern gold standard. The resulting agreement, called the Smithsonian agreement, was not much of an improvement, despite President Nixon’s description of it as the “greatest monetary agreement in the history
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Forex Regulators amount of gold backing them up. If a currency appears wobbly or devalues, so do a nation’s leaders. It was
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