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
Rand School of Social Science unions centered in New York. In 1935, the Rand School changed its name to the "Tamiment Institute and Library," although it continued to use the imprint "Rand School Press" for its printed publications. During the Socialist Party split of 1936, the Rand School of Social Science followed the Old Guard faction out of the party and into the new Social Democratic Federation. During this final interval the school became to be supported in an increasing percentage by the profits generated by Camp Tamiment, the SDF's country summer camp for trade union workers. by the late 1930s more than half of