International Business:
What was the Jamaica Agreement? When was it signed? Identify and explain what was created
at the Jamaica Agreement.
Solution
Jamaica agreement was signed to allow managed float of gold price by benchmarking with
respect to US dollar and other foreign currencies. It marked the end of Bretton woods system
It was signed in 1976
It created provision of SDR (special drawing rights) which would provide loans at cheaper rates
for developing countries The IMF chose variable exchange rate parities with currencies of
developing countries as opposed to fixed rates earlier. The IMF also allocated more resources for
developing countries.
Best of Luck. God Bless.
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
International BusinessWhat was the Jamaica Agreement When was it.pdf
1. International Business:
What was the Jamaica Agreement? When was it signed? Identify and explain what was created
at the Jamaica Agreement.
Solution
Jamaica agreement was signed to allow managed float of gold price by benchmarking with
respect to US dollar and other foreign currencies. It marked the end of Bretton woods system
It was signed in 1976
It created provision of SDR (special drawing rights) which would provide loans at cheaper rates
for developing countries The IMF chose variable exchange rate parities with currencies of
developing countries as opposed to fixed rates earlier. The IMF also allocated more resources for
developing countries.
Best of Luck. God Bless
