Emerging Outlines of New International Monetary Order


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In 1960s, while returning from Algiers by boat via Marseilles, I found that the French shop keepers were very reluctant to accept US dollars, preferring Algerian Dinars. It was said that the French were converting their reserves of US dollars into gold. Why were the French and president Gen De Gaulle doing so! (It became clear by 1971)

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