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The International Monetary System governs the use and exchange of money globally, transitioning from a gold standard to a dollar-based system post-World War II with the Bretton Woods Agreement. The International Monetary Fund (IMF) and the World Bank, established during this period, play crucial roles in promoting international monetary cooperation and supporting economic development in member countries. Today, the monetary system operates largely as a managed float, with the US dollar and euro as dominant

Author

Sharon Cadampog Mananguite

Language

EN