World currency pound sterling. The transition between pound sterling and United States dollar and its impact for central banks was described recently. In the period following the Bretton Woods Conference of 1944, exchange rates around the world were pegged to the United States dollar, which could be exchanged for a fixed amount of gold. This reinforced the dominance of the US dollar as a global currency. Since the collapse of the fixed exchange rate regime and the gold standard and the institution of floating exchange rates following the Smithsonian Agreement in 1971, most currencies around the world have no longer been pegged
What Is the Fastest Thing in the World? of which was good and some bad. The king set riddles to them: whoever guessed the riddles would get good land. The first riddle was what was the fastest thing in the world. The stupid brother's daughter told him what to say; his brother guessed a bird or a horse, and the stupid brother said the mind. The second riddle was what was the heaviest thing in the world; the clever brother guessed stone or iron, and the stupid brother repeated his daughter's answer: fire because no one could lift it. The third was what was the most important thing