ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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INTERNATIONAL MONETARY REFORM-Haggling over the Price of Gold

tionary Writers' Association which has grown in strength and has become a powerful literary-political movement. By arresting the revolutionary writers under the IPC on non-bailable offences, the Andhra Pradesh government apparently feels secure against habaes corpus petitions and the like. The inter- THE persistent efforts of certain EEC countries to jack up the official price of gold have once again come to a dead-end. The nine member-countries of the EEC decided last week to drop their plans to press for an upward revision of the gold price at this week's final meeting of the IMF's Committee of Twenty on international monetary reform. They will, however, continue to work on their tentative proposal to allow central banks to trade in gold among themselves at market-related prices.

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