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Fulfilling attendees had expected that this the brand new system perform “be sure rate of exchange balances, end competitive devaluations, and you may offer financial progress”.5 The fresh Bretton Trees system turned completely functional because of the 1958. Under the system, places paid the international account within the All of us bucks, which could be converted to gold from the a fixed exchange rate away from $thirty-five for every ounce, that was redeemable because of the You.S. (altro…)