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
Ball of Confusion (That's What the World Is Today) Ball of Confusion (That's What the World Is Today) "Ball of Confusion (That's What the World Is Today)" is a 1970 hit single for The Temptations. It was released on the Gordy (Motown) label, and written by Norman Whitfield and Barrett Strong. The song was used to anchor the 1970 "Greatest Hits II" LP. The song reached #3 on the US pop charts and #2 on the US R&B charts. "Billboard" ranked the record as the No. 24 song of 1970. It reached no. 7 in the UK Singles Chart. Although a nearly eleven minute long backing track was recorded