gold backing

The chief currency, the Volunteer Army's ruble, had no gold backing.

(Secret Service agents have expressed skepticism over the gold backing.)

It was now that the gold backing of the currency came under strain and, pushed over by fear of invasion, actually broke.

This was referred to as the "pegged rate" and was based partly on the gold backing of the dollar.

The standard specifies how the gold backing would be implemented, including the amount of specie per currency unit.

The gold backing felt smooth and warm from Julian's hand and her finger pricked itself on the point of the catch.

The only way that the gold backing of the dollar could be increased would be by an increase in the price of gold.

These gold deposits would become known as Federal Reserve Deposits and quickly lost their 100% gold backing.

A couple of weeks ago, the Swiss electorate voted to begin untying the Swiss franc from its gold backing.

Roosevelt was damned as a socialist or Communist out to destroy private enterprise by sapping the gold backing of wealth in order to subsidize the poor."

Such a crisis did happen in 1933 and Federal Reserve Deposits (as well as Federal Reserve Notes) lost their gold backing.

The Greenback Inflation did not result in collapse of the dollar and of constitutional government because gold backing was not disavowed, simply postponed for a relatively short time.

With a brilliant mathematical mind and sporting a star-shaped badge (blue enamel with gold backing) for mathematical excellence, Adric is also very well aware of his own intelligence.

It is not so much that gold is appreciating in value it is more that paper currencies, which until the 1970s had a gold backing, are declining in value.

The application of gold backing would allow stricken nations such as Greece, Portugal, Spain and Ireland to depart from the restrictive eurozone and the accompanying depressive austerity policies, if they wished.

At that time, the amount of credit the Federal Reserve could issue was limited by the Federal Reserve Act, which required 40% gold backing of Federal Reserve Notes issued.

The basic contradiction was that the very process by which the rest of the world obtained international liquidity (piling up dollars) undermined the status of that liquidity (by reducing the gold backing of the dollar).

If he'd had some gold he could have sandwiched the glass against a gold backing and warmed the hue that way, but gold for mosaic was a fatuous dream here in Batiara after the wars and the plague.

I take it that the author's idea is that a leveraged gold backing would calm the situation to the point where investors could heave a sigh of relief allowing interest rates on sovereign debt to return to an affordable level.

In the US, the Federal Reserve was required by law to have 40% gold backing of its Federal Reserve demand notes, and thus, could not expand the money supply beyond what was allowed by the gold reserves held in their vaults.

Sterilization of gold inflows by surplus countries [the USA and France], substitution of gold for foreign exchange reserves, and runs on commercial banks all led to increases in the gold backing of money, and consequently to sharp unintended declines in national money supplies.