The Bretton Woods system effectively came to an end in the early 1970s when President Richard M. Nixon announced that the U.S. would no longer exchange gold for U.S. currency. The Bretton Woods ...

While it's not required, it's a good idea to exchange your American currency for the country you're traveling to.

of the international monetary system. This paper contributes to the ongoing debate on that subject in three ways: 1 it suggests a set of criteria for evaluating alternative exchange rate systems; 2 it ...

Planning an international trip brings plenty of excitement — and plenty of questions about handling money abroad. Travelers ...

the staff of the International Monetary Fund has published a classification of countries' de facto exchange rate arrangements. Experience in operating this classification system has highlighted a need ...