ABOUT.. Bretton Woods Agreement.(July 1944)..
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⭐To ensure a stable economy a framework was agreed upon at the United Monetary And Financial Conference held at Bretton Woods in New Hampshire USA. It established the international Bank for reconstruction and development and was to finance the Post-war reconstruction.⭐
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1)It established a new international
monetary system.
2)It gives commercial and financial relationship amoung the united states,canada,western European countries,Austrila and japan.
3)It was developed by delegates from 44 countries at the united monetary and financial conference held at month in Bretten woods ,N.H
4) under the agreement ,other curriences were pegged to the value of the US dollar,which in turn was pegged to the price of gold.
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