What currencies in the world uses the Gold standard instead of the Fiat System?
And are they traded on FOREX?
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Tagged with: Currencies • Fiat • Forex Questions • gold • gold standard • system • world
Filed under: Forex Software
The gold standard is obsolete and was abandoned by most countries before WW II, because it contributed significantly to the Great Depression in the 1930s. The last remnant of the Gold Standard was the Bretton Woods currency system which collapsed in 1971. Since then there is no country or currency which is using the gold standard.
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