evolution of international monetary system The international monetary system has evolved historically from the gold standard of fixed exchange rates, to the interwar years and world war ii with.
{"Image DocumentName": "Evolution of the International Monetary System (contd.)", "Image ImageDescription": "Bretton Woods System (1944 \u2013 1973) Creation of the International Monetary Fund (IMF) and the World Bank. Under the Bretton Woods system, the U.S. dollar was pegged to gold at  35 per ounce and other currencies were pegged to the U.S. dollar. Each country was responsible for maintaining its exchange rate within \u00b11% of the adopted par value by buying or selling foreign reserves as necessary. US dollar based gold exchange standard.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}