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<p>[QUOTE=&quot;Cloudsweeper99, post: 721631, member: 3011&quot;]I think the article meant to say that the US government counted a $20 Lib as one ounce of gold, so the foreign government actually received slightly less than the official exchange rate.&nbsp; I&#039;ve never seen this before and I don&#039;t know exactly how the exchange worked in practice.&nbsp; There are no technical articles that I know of that explain the exact transaction mechanism except to say that gold was valued at $35 for international trade purposes.&nbsp; Since gold sold for slightly more in the free market, maybe foreign central banks were happy with the exchange.&nbsp; I just don&#039;t know.[/QUOTE]</p><p><br /></p>

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