The United States dollar has NOT been officially convertible to gold by international traders since

Question

Quizplus · Accepted Answer

In 1971, President Nixon announced that the United States would no longer convert dollars to gold at a fixed value, effectively ending the convertibility of the US dollar to gold. Prior to this, the Bretton Woods Agreement of 1944 had established a fixed exchange rate system with the US dollar as the anchor currency, which could be converted to gold by central banks at a rate of $35 per ounce.

The United States Dollar Has NOT Been Officially Convertible to Gold