Financial rand had a previous life, from January 1979 to February 1983. The 1985 crisis coincided with a default (then called a "standstill") on foreign debt by the apartheid government. Financial rand The South African financial rand was the most visible part of a system of capital controls. Although the financial rand was abolished in March 1995, some capital controls remain in place. These capital controls are locally referred to as "exchange controls", although the system has since 1995 moved towards surveillance — recording and reporting to the authorities of foreign currency transactions — rather than control. Capital controls have been in
Ayn Rand Institute Ayn Rand Institute The Ayn Rand Institute: The Center for the Advancement of Objectivism, commonly known as the Ayn Rand Institute (ARI), is a 501(c)(3) nonprofit think tank in Irvine, California that promotes Objectivism, the philosophy developed by Ayn Rand. Its stated goal is to "spearhead a cultural renaissance that will reverse the anti-reason, anti-individualism, anti-freedom, anti-capitalist trends in today's culture". The organization was established in 1985, three years after Rand's death, by Ed Snider and Leonard Peikoff, Rand's legal heir. ARI has several educational and outreach programs, which include providing intellectuals for public appearances, supporting Objectivist campus clubs, supplying