What is gold exchange standard? How is it different from gold standard?

B.R. Ambedkar, an influential economist and one of the architects of India's Constitution, contributed significantly to economic thought, particularly on issues of currency and monetary policy. His views on monetary systems, including the gold exchange standard and gold standard, provide insight into their economic implications.

The gold exchange standard is a monetary system where countries maintain fixed exchange rates relative to each other's currencies, but instead of directly using gold for settling international balances, they hold reserves denominated in the currency _________ ______ _________ _____ _____ __________.
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