I agree with you when you indicate that currency standard entails the established regulations to keep a project organized mostly those that have various currencies. In particular, Grisham (2010) elucidates the applicability of current standard in an understandable way. From your definition, it would be irrefutable to indicate that you have well-formulated the definition of currency standard in a professional manner. In fact, the first impression gives a clear view of what currency standard is. You have gone further to provide a concisely stipulated summary, which provides an insightful information as stipulated by Dulaney (2017). It is also imperative to indicate that the summary provides a critical analysis of some of the newest international currency trading standard. By highlighting that the main goal of the currency standard is to increase trade in foreign currency and international trade, you able to insinuate the significance of the defined term at the same time providing the summary of the article.
You have also provided a good argument from the summary of the article by indicating that while to code is only observed on a voluntary basis, it is a step in the right directions in relation to foreign trade and trust. The information is vital in ascertaining the role played by the currency standard in the foreign and international trading. Further, I agree with your argument that it is important for people to feel like they can trust an organization in case of currency value fluctuation. In summary, you have succinctly provided a clear definition of currency standard and further expounding the summary as well as discussion.
References
Dulaney, C. (2017, May 25). BIS Releases New Set of Standards for Currency Trading. Retrieved from https://www.wsj.com/articles/bis-releases-new-set-of-standards-for-currency-trading-1495699200
Grisham, T. W. (2010). International project management: Leadership in complex environments (1st ed.). Hoboken, NJ: Wiley.
