gold exchange standard

The gold exchange standard was suspended February 8, 1932.

The gold exchange standard usually does not involve the circulation of gold coins.

In that year, Japan adopted a gold exchange standard and hence froze the value of the yen at $0.50.

A gold exchange standard is a mixture of a reserve currency standard and a gold standard.

The monetary reform of July 11, 1923 established a gold exchange standard at the old parity on July 23, 1923.

The gold standard or gold exchange standard of fixed exchange rates prevailed from about 1870 to 1914, before which many countries followed bimetallism.

The Straits dollar adopted a gold exchange standard in 1906 after it had been forced to rise in value against other silver dollars in the region.

When Siam adopted a gold exchange standard in 1908, this left only China and Hong Kong on the silver standard.

On that occasion, he criticized the existing monetary system, the so-called gold exchange standard, on the grounds that it was skewed in favour of the United States.

The Gold Exchange standard of the interwar period, as Kindleberger cogently stated, collapsed because "Britain couldn't and America wouldn't."

The EEA was established by Neville Chamberlain's budget of 19 April 1932 following the pound's exit from the gold exchange standard the previous September.

The gold exchange standard was abandoned de facto on September 21, 1931, when restrictions were placed on foreign exchange and de jure on November 24, 1931.

The classical gold standard died in World War I. Its successor, the road-show gold standard (the so-called gold exchange standard), sputtered out during the Great Depression.

Hong Kong then adopted the gold exchange standard and the Hong Kong dollar took on the exact value of one shilling and three pence ("1s 3d") sterling.

Following the Fowler report, India adopted the gold exchange standard in the year 1898, fixing the value of the rupee at exactly one shilling and four pence (1s 4d) sterling.

After the Second World War, a system similar to a Gold Standard and sometimes described as a "gold exchange standard" was established by the Bretton Woods Agreements.

This was followed by steady improvement and Uruguay was able to go on a gold exchange standard in 1925, maintaining the previous gold par of US$1 0342 per peso until December 1929.

On the contrary, a similar action at exactly the same time in the Straits Settlements, and for the same purpose, had the different effect of putting the new Straits dollar into the gold exchange standard.

In order to give each state control of its currency within the framework of a discipline which can be imposed on everyone, it is necessary to re-establish a gold standard or at least a gold exchange standard.

The system was a form of gold exchange standard since all currencies were expressed in terms of the dollar and the latter was officially convertible into gold at the fixed price of $35 an ounce.

It was finally stabilized during 1926, and on March 4, 1927 Ecuador went on the gold exchange standard, with the sucre equal to 300.933 mg fine gold or US$0.20 (a devaluation of 58.8%).

Due to limited growth in the supply of gold reserves, during a time of great inflation of the dollar supply, the United States eventually abandoned the gold exchange standard and thus bullion convertibility in 1974.

Mr. Baker even raised the possibility of enforcing the multinational partnership with the help of a partial return to the gold exchange standard, a device that the Nixon Administration had buried and whose proponents had been widely regarded as eccentric.

The idea was that when the exchange value had diverged significantly from that of the other silver dollars, then the authorities would peg it to sterling at that value, hence putting the Straits Settlements unto the gold exchange standard.

At the end of the 19th century, the Indian silver rupee went unto a gold exchange standard at a fixed rate of one rupee to one shilling and fourpence in British currency, or 15 rupees to 1 pound sterling.