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Smithsonian Agreement

Definition: [crh] A revision to the Bretton Woods international monetary system that was signed at the Smithsonian Institution inDefinition: Washington, D.C., in December 1971. Included were a new set of par values, widened bands to +/- 2.25% of par, and an increase in the official value of gold to US$38.00 Definition: per ounce.

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