| Description | Gold. Cable to dependencies etc about wider margins. Drawings in sterling. Special Drawing Rights (SDR) and aid. Fund reform including the numeraire of the system and symmetrical intervention systems. Schweitzer visits London, April 1972. Initial discussions for establishment of Group of Twenty on international monetary reform. United States (US) declares new par value for dollar, May 1972. Bank for International Settlements (BIS) as an 'other holder' of SDR. |