Stafford Cripps18 September 1949
Britain devalues sterling from 4.03 to 2.80 dollars while remaining inside the Bretton Woods fixed-rate system anchored to the dollar's official gold value.
Great Britain · Economy / Gold Standard. Chronological records rendered directly from the World History Database.
Britain devalues sterling from 4.03 to 2.80 dollars while remaining inside the Bretton Woods fixed-rate system anchored to the dollar's official gold value.
Britain devalues sterling from 2.80 to 2.40 dollars, intensifying pressure on confidence in the wider Bretton Woods fixed-rate and dollar-gold system.
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