In the Bretton Woods system, how is the official price of gold set by the United States at $35 per ounce determined?

Both the IMF and the World Bank are organizations under the banner of international bankers, aiming at fighting for the interests of international bankers.

The Articles of Agreement of the International Monetary Fund were adopted on July 22nd, 1944, and came into force on February 27th, 1945. As the institutional embodiment of the Bretton Woods system, the International Monetary Fund is based on international agreements;

The official price of gold in the United States is $35 per ounce, and the gold content per dollar is 0.885438+0 gram of gold. The government or the central bank can exchange dollars for gold at official prices. In order to protect the official price of gold from the impact of the free market gold price, governments need to cooperate with the US government to maintain this official price of gold in the international financial market. 2. The currencies of other countries are pegged to the US dollar. Other governments set the gold content of their respective currencies and determine the exchange rate with the US dollar through the proportion of gold content. 3. Implement an adjustable fixed exchange rate. According to the agreement of the International Monetary Fund, the exchange rate of national currencies against the US dollar can generally only fluctuate within the range of 1% above and below the legal exchange rate. This exchange rate system of Bretton Woods system is called "adjustable pegged exchange rate system".

The International Monetary Fund requires each member country to provide the parity of its own currency based on gold or US dollars. Thereafter, all parties to foreign exchange transactions should consult with the IMF and obtain its approval.

When the IMF was founded, it was estimated that its capital was equivalent to about $654.38+000 billion. Countries that join the International Monetary Fund are obliged to pay quotas regularly. The subscription quota of each country is calculated according to a special formula, including the country's global import quota and gold reserve. A quarter of each country's fixed payment is paid in gold, and the remaining three quarters are paid in domestic currency and interest-free spot bills.