Smithsonian Agreement fixes the yen at 308 per dollar

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• Princes of the Yen whole source · open book

  Then, the yen rose, triggering the short-lived Smithsonian Agreement, which fixed it at ¥308/$ in December 1971.

  chapter: 7. Japan’s First Bubble Economy

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• Richard Werner author of the source

Appears in 4 stories

• 1971: the dollar unchained step 14
• From Bretton Woods to the euro: monetary regimes around Japan step 5
• Princes of the Yen: Japan built, bubbled, and broken step 124
• The world trade and money order step 18

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