Since 1973, what kind of international monetary currency system do we now have? Multiple Choice All statements are false. The U.S. Federal Reserve Bank and all other global central banks (i.e. European Central Bank) manage the FATCA system and this is how international currency exchange rates are controlled. We have a floating exchange rate system. This means that the value of currencies will rise or fall based upon the economic performance of the country. We still have the fixed exchange rate system known as Bretton Woods