gold import point

noun

: the point of variation in the price of foreign exchange at which the import of gold becomes preferable to the use of exchange in settlement of international obligations

called also gold point

compare gold export point

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Cite this Entry

“Gold import point.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gold%20import%20point. Accessed 22 Jul. 2024.

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