Smithsonian Agreement

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Definition: Smithsonian Agreement

Smithsonian Agreement
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Full Definition of Smithsonian Agreement

An agreement signed in 1971 that updated some of the rules of the 1944 Bretton Woods agreement. The agreement was supposed to help devalue the United States dollar, but upon looking back the changes appear to have only helped temporarily. The agreement was so named because the meeting took place at the Smithsonian Institution in Washington D.C.

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https://payrollheaven.com/define/smithsonian-agreement/
Modern Language Association (MLA):
Smithsonian Agreement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/smithsonian-agreement/.
Chicago Manual of Style (CMS):
Smithsonian Agreement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/smithsonian-agreement/ (accessed: April 20, 2024).
American Psychological Association (APA):
Smithsonian Agreement. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/smithsonian-agreement/

Definition Sources

Definitions for Smithsonian Agreement are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.