Map of Johannesburg/East Rand Tourist on The U.S. dollar was pegged to gold during that period. After 1971, when the United States suspended the convertibility of the U.S. dollar into gold, each country chose its own method of determining the exchange rate. Among them are a free float (when the exchange rate is determined by the supply and demand), a managed float (when the monetary authority may occasionally intervene to influence the exchange rate), and a pegged exchange system (when the International Monetary Fund 425 monetary authority promises to peg its currency’s exchange rate to some other currency). Map of Johannesburg/East Rand Tourist 2016.
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