Word: rand
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...book's preface does not note the CIA funding, but does acknowledge financial support from the Rockefeller Foundation and the Rand Corporation...
Samore, who now lives in California, said he was only aware that the Rand Corporation, a California think-tank, had provided money for the book...
Samore said that when he began working on the book around 1980, the Rand Corporation provided his salary. Subsequently, Samore said, he entered a Harvard graduate program, where he worked as a research assistant on the book for Safran and was paid out of Harvard coffers...
...addition, Du Plessis announced the reintroduction of the two-tier rand, which was in effect until 1983. Under this system, the U.S. dollar price of the "financial" rand will be set by the central bank and pegged lower than the "commercial" rand. Foreign investors will be able to buy South African stocks at the lower financial rate, but will be required to sell at that rate. The financial rands will not be allowed to leave South Africa, although nonresidents will be free to buy and sell title to them in other countries...
...though it failed to stamp out the rioting. But the signs were growing that Pretoria is coming under increasing pressure from abroad. On Tuesday the government suspended all currency and stock-market trading until this week. That move followed a disastrous drop in the value of the South African rand, which was worth $1.29 in 1980, 80 cents in early 1984, and last week hit an all-time low of 35 cents. Another critical factor has been the refusal of many American and European banks to renew loans to South African borrowers. Last week the governor of South Africa...