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IMF delays statement on Nixon anti inflation move
The IMF has not yet reacted to Nixon’s suspension of dollar convertibility to gold. An 18 nation board is considering the action, with two Monday meetings and no further schedule set. IMF officials note the United States may buy or sell gold or currencies to support the dollar, but Treasury aims to boost U S exports by favorable currency terms.
MENTIONED IN THIS ARTICLE
International Monetary Fund
Nixon
IMF
United States