The British Gold Standard Act 1925 both introduced the gold bullion standard and simultaneously repealed the gold specie standard.
2.
Under the Gold Bullion Standard, citizens of Britain and other European countries could only redeem their banknotes in large gold bars.
3.
The transition of the European currency system in the second half of the 1920s to a gold bullion standard led to a minimum volume requirement of 400 troy ounces for inter-bank gold deals.
4.
However, citizens under this new Gold Exchange Standard ( also known as the Gold Bullion Standard or the Inter-war Gold Standard ) would not receive gold coins of the realm in exchange for their notes, though this had been an integral part of the original Gold Standard now known as the Gold Coin Standard.
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