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Most of the major financial nations of the world cut their currency ties to the gold standard during the Great Depression.
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It is the American dollar, not a currency tied to the American dollar.
With its currency tied to the strong dollar, Argentina lags behind its neighbors in exports.
Mr. Racan said he would move gradually to bring the overvalued currency, tied to the German mark, to a more realistic rate.
In both cases, the authorities could not print money fast enough to outpace their currency's falling value and the systems collapsed; Yugoslavs began using a new currency tied to the German mark, and Zimbabweans used the American dollar.
Q: Is the virtual currency tied to real currency?
The price is defined as a 3-tuple p = ���a, cu, un〉, where a is the price amount defined as a non negative double, cu is currency tied to a currency type cType, and un is the pricing unit.
Virgin Holidays — The vacation site has come up with a new currency tied to the British Pound that will be accepted by Virgin resorts and partners.
If that all sounds a bit vague — aside from alluding to a new (and more) stable currency tied to a payments app — it's probably intended to be.
More broadly, from Napoleon's defeat at Waterloo in 1815 until 1971 the world had rarely been devoid (except for brief spells) of at least one major currency tied to gold in some way.
Bretton Woods helped by providing for stable but convertible currencies, tied within limits to the dollar and ultimately to gold.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com