noun
gold exchange standard system
A monetary system where a country's currency is backed by gold reserves held in another country, rather than directly redeemable in gold domestically. Technical economic term.
金為替本位制度は、20世紀初頭に多くの国で採用された。
The gold exchange standard system was adopted by many countries in the early 20th century.
金本位制度 is the gold standard where currency is directly convertible to gold, while 金為替本位制度 is the gold exchange standard where currency is convertible to a foreign currency that is itself convertible to gold.
Compound of 金 (gold), 為替 (exchange), 本位 (standard), and 制度 (system). A direct translation of the English term 'gold exchange standard system'.