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[–]lesdyxic 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

On 15 August 1971, the United States unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency.[2] At the same time, many fixed currencies (such as the pound sterling) also became free-floating. [wikipedia]