Labels: pedda sollu, pellam vuru velthe kathalu intlo illalu kathalu mama alladu kathalu kodalu kathalu, Pellani kasiga dengina nakina mogudu
By the late 1960′s the fixed exchange rate system started to break down, due to a number of international political and economic factors. Finally, in 1971, President Nixon stopped the US dollar being converted directly to gold, as part of a set of measures designed to stem the collapse of the US economy. This was known as the Nixon shock, and lead to floating rate currency markets being established in early 1973. By 1976, all major currencies had floating exchange rates.