HomeDefinitionsCompareDebt Smithsonian AgreementThe financial definition for Smithsonian Agreement:A revision to the Bretton Woods international monetary system that was signed at the Smithsonian Institution in Washington, D.C., in December 1971. Included were a new set of par values, widened bands to +/- 2.25% of par, and an increase in the official value of gold to US$38.00 per ounce. Click to compare definitions of Smithsonian Agreement Click to view definitions beginning sm |