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On August 15, 1971, President Nixon announced on TV 3 dramatic changes in economic policy. He imposed a wage-price freeze. He ended the Bretton Woods international monetary system. And he imposed a temporary surcharge (tariff) on all imports. The Bretton Woods system was created towards the end of World War II and involved fixed exchange rates with the U.S. dollar as the key currency - but also a role for gold linked to the dollar at $35/ounce. The system began to falter in the 1960s because of an excess of dollars flowing out of the U.S. which foreign central banks had to absorb. A run on gold in 1968 was stemmed by a patch on Bretton Woods known as the two-tier gold system. All of this was ended unilaterally by the Nixon decision. After a brief attempt to create a modified fixed exchange rate system, the world moved to flexible rates.

Curtis Engineers have designed a new, revolutionary, modular cab system that allows Rapid Convertibility from a fully enclosed cab to an open-air ride. Curtis Rapid Convertible System allows user to choose one or all components,giving you flexibility as the seasons change.

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http://ec.europa.eu/enlargement/pdf/financial_assistance/cards/publications/fry_strategy_paper_en.pdf -of Montenegro in late 1999 and is now the sole legal tender in December 2000. It is therefore no longer allowed to finance public sector deficits through money creation. The Government of Montenegro aims to achieve sustained economic growth through continued monetary stability and conversion to the euro. The dual currency period will last for three months, from 1 January, and agreement has been reached on a significant early delivery of euros before that date. The new FRY authorities have been progressively devaluing the Dinar to an eventual YuD30/DM by end 2000. As of January 2001, the NBY adopted a managed float system with limited current account-convertibility. The National Bank of Yugoslavia is liberalising further the foreign exchange market and reforming monetary policy instruments. 3ULYDWHVHFWRUDQG%DQNLQJ

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