gold-exchange standard

American  

[gohld-iks-cheynj] / ˈgoʊld ɪksˌtʃeɪndʒ /

noun

1. a monetary system in one country in which currency is maintained at a par with that of another country that is on the gold standard.

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gold-exchange standard British  

noun

1. a monetary system by which one country's currency, which is not itself based on the gold standard, is kept at a par with another currency that is based on the gold standard

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Example Sentences

Rueff’s analysis of the gold-exchange standard explains a number of interconnected U.S. economic problems, including chronic inflation and deflation, the loss of federal budget discipline, and the steady decline in the U.S. international investment position.

From The Wall Street Journal • Oct. 8, 2015

Gold's gyrations are the Dow Jones index of anxiety For all practical purposes, the world has been off the gold-exchange standard for nearly eight years.

From Time Magazine Archive

Under the system to be adopted both reserves will be located in Singapore; under the gold-exchange standard the dollar reserve would be located in Singapore and the sovereign reserve in London.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur

The method adopted, that of the gold-exchange standard, involved these features.

From Modern Economic Problems Economics Volume II by Fetter, Frank Albert