TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

TWO TIER GOLD SYSTEM [1 record]

Record 1 2015-03-03

English

Subject field(s)
  • Currency and Foreign Exchange
  • National and International Economics
OBS

A 1968 agreement ... froze the gold in the official reserves of individual nations ... Under the agreement, two gold markets were established. One, the official gold market, would continue to price gold at thirty-five dollars an ounce in transactions between central banks and international monetary institutions; the other, the free market, would operate at supply and demand prices, with gold seeking its own level ... The need for such an agreement came to an end in 1971 ...

Key term(s)
  • two tier gold price
  • two tier gold system

French

Domaine(s)
  • Politique monétaire et marché des changes
  • Économie nationale et internationale

Spanish

Campo(s) temático(s)
  • Política monetaria y mercado de cambios
  • Economía nacional e internacional
DEF

Sistema monetario internacional propuesto en 1967 en el cual existían dos mercados para el oro: el mercado oficial de 35 dólares la onza, y reservado a las transacciones oficiales entre bancos centrales; y el mercado libre al que acudirían el resto de oferentes y demandantes. Desapareció en noviembre de 1973.

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