Nixons Choice to Delink the Dollar From Gold Even now Hounds the IMF and Africa
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Nixons Choice to Delink the Dollar From Gold Even now Hounds the IMF and Africa

US President Richard Nixon’s decision to end the US promise to convert dollars into gold changed the global financial system. Getty ImagesDanny Bradlow, SARCHI Professor of International Development Law and African Economic Relations, University of Pretoria. ____ Five decades ago this month, US President Richard Nixon informed the world that the US would no longer…