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4 votes
When did the U.S dollar become part of a total fiat system

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User Gariepy
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2 Answers

7 votes

1971, Richard Nixon officially took the U.S. off of the gold standard by canceling a policy that allowed other countries to convert dollars into gold. At that point, the U.S. dollar officially became a fiat currency

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User Dowi
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8.5k points
6 votes

I believe in the 20th century, if you need an exact date reply with yes!

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User Nathan Ostgard
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7.7k points

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