Interesting facts on the US 1 dollar bill.
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Posted on 15 November 2010.
Interesting facts on the US 1 dollar bill.
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I believe that this is incorrect. If the Pound Sterling were still backed by a pound of silver, the exchange rate would be somewhere in excess of $300 per pound. The Pound became pegged to the dollar instead of actual asset holdings at Bretton Woods in 1940, and then was allowed to float in 1972.