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Investing Glossary:
Smithsonian Agreement
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| A revision to the Bretton Woods International monetary system that was signed at the Smithsonian Institution in 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 per ounce.
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