It is a gold exchange standard system based on the US dollar and gold. Its essence is to establish a system centered on the US dollar. The basic contents include the link between the US dollar and gold, and the currency of the member countries of the International Monetary Fund and the US dollar (to implement a fixed system).
The Bretton Woods system created two major international financial institutions, the IMF and the World Bank.
The former is responsible for providing short-term capital loans to member countries to ensure the stability of the international monetary system;
The latter provides medium – and long-term credit to promote economic recovery in member countries.
The Bretton Woods monetary system is the international monetary system with the US dollar as the core after World War II.
Its operation is closely linked to the credibility and standing of the dollar.
