August 17, 1971: Under Secretary of Treasury Volcker Received in Paris as Special Envoy of President Nixon

On a two day tour of Europe stopping in London and Paris to meet with finance ministers, Undersecretary of the Treasury for Monetary Affairs Paul A. Volcker meets with the finance ministers of both Britain and France to reassure their governments that the end of the gold standard is in the best interests of both governments and maintain that the United States is in no position to prevent other governments from “floating” their currencies. [New York Times, 8/18/1971]