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
Rand Building England. The Buffalo Broadcasting Company moved its stations WGR and WKBW to the building in 1922; the stations had moved out of the building by 1959. The "GR" in WGR stands for George Rand; the station was founded by the Federal Telephone and Telegraph company in 1922, in which Rand was a major investor. Today, the stations in the Townsquare Media cluster (WMSX, WBLK, WBUF, and WYRK) broadcast from studios in the Rand Building and have their transmitting antennas located atop its beacon. Adjacent to the Rand Building is 10 Lafayette Square in Lafayette Square. George F. Rand Jr. had