The Bretton Woods agreement that fixed exchange rates to the dollar is still in place because the dollar has been backed by gold since the agreement.

Name: The Bretton Woods agreement that fixed exchange rates to the dollar is still in place because the dollar has been backed by gold since the agreement.
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The Bretton Woods agreement was abandoned in 1971 when President Nixon suspended the gold standard for the dollar, leading to floating exchange rates rather than fixed ones.

The Bretton Woods Agreement That Fixed Exchange Rates to the Dollar