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5 hours ago · Luxembourg is part of the Schengen Area, the EU single market, and the eurozone (dark blue). Luxembourg's stable and high-income market economy features moderate growth, low inflation, and a high level of innovation. Unemployment is traditionally low, though it reached 6.1% by May 2012, due largely to the 2008 global financial crisis.
1 day ago · The large service sector accounts for 62% of total GDP, followed by the industrial sector (32%), while the agricultural sector is the smallest, making up only 5% of total GDP. Russia has a low official unemployment rate of 4.1%. Its foreign exchange reserves are the world's fifth-largest, worth $540 billion.
5 hours ago · The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 [1] [2] as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. [3]
