Published: 19 May 2018 › Updated: 19 May 2018
Gold parity standard
This system has emerged with the establishment of the international monetary fund in 1944. It does not possess any feature of the various gold standard explained above. Under this system, every country has to declare the par value of its monetary unit in terms of a fixed quantity of gold. So this is not gold standard in the real sense of the term, except that it aims at keeping the exchange rate of the currency stable in terms of gold.
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