The history of the development of foreign exchange systems in the world

Today in the philistine environment, it is unlikely that someone generally knows about world currency systems, and after all, in the history of their existence there were three species that replaced each other, starting from the second half of the 19th century, we will consider each of them. The golden long time of the golden The standard was considered a standard system that was used both in Russia and in many other world states from the second half of the 19th century to the 30s of the last century. This system determined the exchange rate of the currency of gold. So, at the end of the 19th century, the Russian ruble was equal to 0.77 grams of gold. In all countries where the gold standard was used, the exchange of currencies was mandatory for gold. Of course, to ensure the viability of this system, gold was required to freely import and export between countries. In addition, in each state that used the gold standard, the balance between the volume of gold in the treasury and the amount of money in circulation was strictly supported. Based on this proportion, quotes in relation to other currencies were also determined. The Brettonwood gold and foreign exchange system of depression, which began in the 30s of the last century, countries began to abandon the gold standard system. So, since 1944, a new Brettonwood gold and foreign exchange system was formed. The purchase and sale of currency in this system was carried out according to the exchange rate at a fixed banking rate. The exchange banking exchange rate in this system was determined not by the amount of gold, but through a stable exchange rate, that is, the US dollar to other currencies. True, this system did not last long, in 1971 the states recognized the inability to ensure the exchange of American currency for gold in a dancer. The system of floating. The currency courses of that very time to this day have been introduced and successfully exists a system of floating currency courses. The basis of this system is that the quotes of the currencies of different states are installed on the proportional ratio of the demand for demand as on the exchange. So, if demand is growing for Danish goods outside Denmark, the demand for the Danish crowns, which are paid by the data purchases, is also increased. goods. Moreover, if the imported goods from Denmark do not increase in volume, and demand is no higher than the supply, then during the exchange and course of the Danish crown, it will also grow. Jammy Jack Casino is not just like any other online casino, it is the best place to go if you want to have extra excitements and thrills of playing high-quality games. Jammy Jack Casino games can be played instantly from your browser, there is no software download on the site https://www.jammyjack.co.uk/ which is good as it saves players from the hassles that are usually accompanied by it. We should mention that the casino is home to diverse software developers which are the top-guns in the industry.