Money: When the Dollars Come Home

The world's international monetary system, basically unchanged since the historic Bretton Woods Conference of 1944, is about to be probed and prodded for signs that it may need some repairs. At the week-long annual meeting of the International Monetary Fund in Washington last week, 800 of the world's leading financiers — including 75 finance ministers and 75 central bank chiefs — agreed to re-examine the mechanism through which most of the free world's trade and commerce operate.

Both the staff of the IMF, under new Chairman Pierre-Paul Schweitzer, and a separate committee from ten wealthy nations will begin weighing proposed...

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