doc59. Krugerrands: Money for Apartheid

Krugerrands were gold coins minted in South Africa to stimulate international demand for South African gold. This report was issued on the eve of the Commonwealth Prime Ministers Conference held in Nassau in October 1985 to discuss sanctions against South Africa. British Prime Minister Margaret Thatcher held out against the imposition of wide-ranging sanctions and agreed only to a few measures, including a ban on the import of Krugerrands.