Gold Points


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Gold Points

 

the upper and lower limits of the fluctuation of the exchange rate around its gold parity level under the conditions of gold circulation and free movement of gold between countries. The gold points were defined by expenditures connected with the movement of gold between countries (transport and insurance).

The exchange rate of any currency under gold circulation and free import and export of gold could not exceed the upper gold point. Otherwise, the payer would benefit more, even considering the packing, mailing, insurance, and other expenses, by sending the gold to the creditor’s country and exchanging it there for the equivalent in the national currency in which payment was intended; in this way there would be an inflow of gold to the country of the given currency. A fall of the exchange rate of the national currency below the limit of the lower gold point could not occur, since at this limit it would be more beneficial to export gold from the country; that is, there would be an intensive outflow of gold. The lowest rate of exchange of the currency is sometimes called the export gold point, and the highest rate, the import gold point. With the repeal of the gold standard and the introduction of foreign exchange restrictions, the gold points ceased to have practical significance.

M. G. POLIAKOV

References in periodicals archive ?
Whether they plan intimate weddings, large business conferences or gala events in Europe, the Middle East and Africa, planners can redeem their Gold Points at more than 1,000 Carlson Rezidor hotels around the globe.
The first 100,000 guests to register and stay at least one night at any Radisson or Radisson Blu hotel or resort by July 15, 2012, will earn 50,000 bonus Gold Points - enough points for a free stay at any Radisson or Radisson Blu hotel or resort worldwide.
Not only will cardmembers earn Gold Points at an accelerated rate, the card program will offer a range of benefits available exclusively to cardmembers, making it noticeably different and sure to attract and retain loyal Club Carlson members.
The first 20,000 guests to register and stay at least one night at any Park Inn by Radisson hotel, now through July 22, 2012, will earn 44,000 bonus Gold Points - enough points for a one-night stay at any Park Inn by Radisson hotel.
The Radisson Big Night Giveaway awards 50,000 Gold Points, enough for a free night stay at any Radisson hotel in the world, to the first 50,000 Club Carlson members who register for the promotion and then stay at a Carlson hotel.
Travel Business Review-22 September 2009-Carlson Hotels launches Double Gold Points promotion(C)2009 ENPublishing - http://www.
The Club Carlson Stay More Nights, Earn More Points offer is our way of thanking our members for a wonderful year, by providing them with some extra Gold Points to kick-off 2013," said Mary Kay Caschetta, vice president, Loyalty, Americas.
An exclusive Business Class floor includes free, high-speed Internet access, free breakfast, complimentary newspaper delivered daily, a drink credit, upgraded room amenities, turn-down service, early check-in, plus 1,000 bonus Gold Points per night.
Customers can earn 1,000 bonus Gold Points per night, starting with their third night at any of the more than 1,000 Carlson Hotels global locations participating in the scheme.
Gold Points can be redeemed for stays at Carlson Rezidor Hotels prepaid cards, retail gift cards and more.
21, 2010, when you stay one night, Sunday through Thursday, at participating Country Inns & Suites hotels, goldpoints plus(SM) hotel members can earn 15,000 bonus Gold Points - enough for a free night at select Country Inns & Suites hotels.
An additional 3,000 bonus gold points are to be offered to Carlson Hotels members as part of its goldpoints plus loyalty programme '3 for 3' offer.