Commodity money as a theoretical backing for federally issued "gold certificates" to substitute for the gold. Between 1933 and 1970 (when the U.S. officially left the gold standard), one U.S. dollar was technically worth exactly 1/35 of a troy ounce (889 mg) of gold. However, actual trade in gold bullion as a precious metal within the United States was banned after 1933, with the explicit purpose of preventing the "hoarding" of private gold during an economic depression period in which maximal circulation of money was desired by influential economists. This was a fairly typical transition from commodity to representative to fiat money,
Derivative and Commodity Exchange Nepal Ltd. Derivative and Commodity Exchange Nepal Ltd. The Derivative and Commodity Exchange Nepal (DCX) is an Asian multi-product commodity and derivatives exchange situated in Nepal for commodity market in Nepal. Derivative trading in a diversified basket of commodities and derivatives (CFD) including futures and options contracts on precious metals, base metals, agriculture commodities, energy, currencies and commodity indices. In Nov 2011 the Derivative and Commodity Exchange Nepal Ltd. was granted Company recognition by Company Registrar Office, qualifying operating licence by the Company Registrar Office of Nepal to operate as a regulated and licensed exchange.Recently,The Commodities Act was passed by the Govt.of