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TiMELiNES

September 1949

Britain devalues the pound

The United Kingdom devalues sterling, testing the durability of the fixed-exchange-rate system.

Canonical milestoneUnited Kingdom1 timeline

Context

Appears In

TimelineTimeline of the Bretton Woods System

Position 8

Authority

Sources

Encyclopaedia BritannicaConfidence 95%

Taxonomy

Tags

financecurrency