1.   A major problem arose from the way in which the adjustable peg system was operated.

2.   Accordingly managed floating was generally adopted when the adjustable peg was abandoned.

3.   The dollar was therefore the key currency under the adjustable peg system.

4.   The facilities have survived the adjustable peg system and are still in operation today.

5.   What, then, has happened to the dollar and gold, the two key reserve assets under the adjustable peg?