On March 16, 1968, governors and leaders from central banks then operating the London Gold Pool met in Washington, DC, to review operations and conditions for their cartel. Joined by the Managing Director of the IMF as well as the General Manager of the BIS, all the Bretton Woods heavies were in attendance, with the notable exclusion of French officials (the chief agitator of gold conversion). The presence of officials drawn from international bodies wasn’t unusual at these gatherings, but in 1968 this later Bretton Woods modification had become threatened more seriously than at any other…

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