Second Amendment (1978, end of gold standard)
GPTKB entity
Statements (20)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
International Monetary Fund amendment
|
| gptkbp:abolished |
Obligation to convert currency into gold
Par value system based on gold |
| gptkbp:adoptedBy |
gptkb:International_Monetary_Fund
April 1, 1978 |
| gptkbp:category |
1978 in international relations
International monetary law |
| gptkbp:effect |
IMF members no longer required to maintain exchange rates tied to gold
Gold ceased to be a standard of value for IMF operations |
| gptkbp:effectDate |
April 1, 1978
|
| https://www.w3.org/2000/01/rdf-schema#label |
Second Amendment (1978, end of gold standard)
|
| gptkbp:language |
English
|
| gptkbp:officialName |
Second Amendment to the Articles of Agreement of the International Monetary Fund
|
| gptkbp:purpose |
Elimination of the official role of gold in the international monetary system
Establishment of Special Drawing Rights (SDR) as the principal reserve asset |
| gptkbp:relatedTo |
gptkb:International_Monetary_Fund
gptkb:Bretton_Woods_system |
| gptkbp:replacedBy |
Floating exchange rates
|
| gptkbp:bfsParent |
gptkb:International_Monetary_Fund_Articles_of_Agreement
|
| gptkbp:bfsLayer |
7
|