BOSTON, U.S. -- At a secret gathering at Camp David in the summer of 1971, U.S. President Richard Nixon and his top economic advisers made the historic decision to suspend the dollar's convertibility into gold, unilaterally changing the global monetary system.
Interview
China's yuan likely to become Asia's central currency: Kenneth Rogoff
Fifty years after Nixon shock, US risks overconfidence, Harvard professor says
Harvard University economics professor Kenneth Rogoff predicts that Asia eventually would coalesce around the yuan if China ceased to stabilize the currency's exchange rate based on the U.S. dollar. (Photo courtesy of the International Monetary Fund)
Read Next
Latest on Interview
