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 the World Needs Now Is Love to play it for DeShannon. The song was also rejected by Gene Pitney, reportedly over a financial dispute. DeShannon's version was recorded on March 23, 1965, at New York's Bell Sound studios. Bacharach arranged, conducted and produced the session. In addition to the DeShannon hit recording and the numerous cover versions, "What the World Needs Now is Love" served as the basis for a distinctive 1971 remix. Disc jockey Tom Clay was working at radio station KGBS in Los Angeles, California, when he created the single "What the World Needs Now is Love/Abraham, Martin and John", a social commentary that