Why do we compare our country’s currency to that of US’s and determine our currency’s value?
In: 1
At a meeting at the Mount Washington Hotel in Bretton Woods, New Hampshire in 1944 a man named Harry Dexter White (assistant secretary of the United States Treasury and later a suspected Soviet spy) snuck wording into an agreement that countries would link their currencies to a gold based currency and replaced it with the US Dollar.
https://en.m.wikipedia.org/wiki/Bretton_Woods_system
https://www.npr.org/transcripts/526051566
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