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The worldwide system of fixed exchange rates was abolished in favor of a floating system.... In 1914 at the onset of the WWII In the
The worldwide system of fixed exchange rates was abolished in favor of a floating system.... In 1914 at the onset of the WWII In the early 1970s as an indirect consequence of the OPEC crisis In 1944 through the Bretton Woods Agreement In 1999 after the inception of the Euro In 1929 at the onset of the Great Depression
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