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
Oldest profession (phrase) called “the oldest profession in the world", a profession which is carried on in Piccadilly, Regent street, and other parts of London with great energy every night … In the same year the "Pall Mall Gazette" reported a speech in which "Mrs. Ormiston Chant … implored us to stand shoulder to shoulder and destroy what Kipling has called 'the oldest profession in the world'". The phrase was frequently used as a euphemism when delicacy forbade direct reference to prostitution. Kipling was not the first to employ the phrase "the most ancient profession" in an opprobrious sense. The Irish poet Henry