UN General Assembly
1971

124. We believe that discipline should start at home, by setting our own houses in order. We therefore feel that Member countries should, each and every one of us, try to get rid of our inflationary practices and try to improve on the balance-of-payments situation. The United States dollar, despite its present apparent instability, still remains the major currency of the world, the backbone of many monetary systems, and the very basis of international trade and payments. As things stand to date, a stable and strong dollar means a stable and strong international monetary system, and a shaky dollar means a shaky system. 125. It is therefore the urgent and sincere desire of the Sierra Leone Government that the international community should find ways and means of rescuing the position of the United States dollar as the catalyst of world exchange, and also of reducing the consequential pressures on that currency by speculators abroad and inflationary tendencies at home.