What is meant by the Bretton Woods Agreement?
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The Bretton Woods Agreement was signed between the world powers in July 1944 at Bretton Woods in New Hampshire, USA. The Bretton Woods Conference established the International Monetary Fund (IMF) to deal with external surpluses and shortages of its member-nations. The International Bank for Reconstruction and Development (IBRD) was set up to finance post-war reconstruction
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Bretton woods refer to the international monetary arrangements agreed upon by the allied nation 1994 in Bretton woods
US that created the IMF and world Bank and that set up a system of fixed exchanges with the US dollars as the international reserve currency
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