Exchange Currency

Smithsonian Agreement

An agreement signed in 1971 that updated some of the rules of the 1944 Bretton Woods agreement. The agreement was supposed to help devalue the United States dollar, but upon looking back the changes appear to have only helped temporarily. The agreement was so named because the meeting took place at the Smithsonian Institution in Washington D.C.

Related information about Smithsonian Agreement:
  1. Smithsonian Agreement - Wikipedia, the free encyclopedia
    The Smithsonian Agreement was a December 1971 agreement that adjusted the fixed exchange rates established at the Bretton Woods Conference of 1944.
     
  2. Smithsonian Agreement Definition | Investopedia
    An agreement reached by a group of 10 countries (G10) in 1971 that effectively ended the fixed exchange rate system established under the Bretton Woods ...
     
  3. The Smithsonian Agreement December 1971 - Ludwig von Mises ...
    The Smithsonian Agreement, hailed by President Nixon as the "greatest monetary agreement in the history of the world," was even more shaky and unsound ...
     
  4. Smithsonian Agreement (1971) -- Britannica Online Encyclopedia
    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 ...
     
  5. Smithsonian Agreement Collapses - Gold Ownership Resumes ...
    May 17, 2008 ... In August 1971, President Nixon unilaterally ended the Bretton Woods international monetary system of fixed exchange rates. In December ...
     
  6. Smithsonian Agreement: Definition from Answers.com
    Smithsonian Agreement Agreement by members of the Group of Ten countries in December 1971 to adopt Floating Exchange Rates.
     
  7. Smithsonian Agreement - Financial Dictionary - The Free Dictionary
    A revision to the Bretton Woods international monetary system that was signed at the Smithsonian Institution in Washington, D.C., in December 1971. Included ...
     
  8. What is Smithsonian Agreement? definition and meaning
    Definition of Smithsonian Agreement: An agreement signed in 1971 that updated some of the rules of the 1944 Bretton Woods agreement. The agreement was ...