The International Monetary Fund buys gold from SA

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IMF logo

Tuesday, 30 December 1969

The International Monetary Fund announces that it will agree to purchase gold from South Africa, subject to certain conditions. The price of $35 per oz. is agreed upon.

Read more on the history of gold mining in SA.972).

References:
• Dictionary of South African Biography, Cape Town: Human Sciences Research Council, v. 4, p. 287.

Last updated : 02-Dec-2013

This article was produced for South African History Online on 16-Mar-2011