During 1945, the IMF's par value system of currency exchange allowed members to define the value of their currency by any criteria except gold.

Name: During 1945, the IMF's par value system of currency exchange allowed members to define the value of their currency by any criteria except gold.
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The IMF's par value system allowed member countries to define the value of their currency primarily in terms of gold or the U.S. dollar, which itself was convertible to gold at a fixed rate.

During 1945, the IMF's Par Value System of Currency Exchange