South African rand as Daan Desimaal). This was accompanied by a radio jingle, to inform the public about the new currency. One Rand was worth US$1.40 from the time of its inception in 1961 until late 1971. Its value thereafter fluctuated as various exchange rate dispensations were implemented by the South African authorities. By the early-1980s, high inflation and mounting political pressure combined with sanctions placed against the country due to international opposition to the apartheid system started to erode its value. The currency broke above parity with the dollar for the first time in March 1982, and continued to trade between R
The Passion of Ayn Rand affair between Rand and Nathaniel Branden. In an interview, Branden said that she had undertaken the book in part "to rescue [Rand] from the need to be godlike. As I wrote, she was much more than that: she was a human being and a woman ... it is only in that context that Objectivism can be separated from its founder and its supporters and be seen as a philosophy which stands or falls by its own relationship to reality – not by the virtues or vices of those who espouse it." The book was first published in 1986 in a