Word: banisadr
(lookup in dictionary)
(lookup stats)
Dates: during 1979-1979
Sort By: most recent first
(reverse)
...Abol Hassan Banisadr, 47, is Iran's new acting Foreign Minister and Finance Minister. His quiet manner, spectacles and Charlie Chaplin mustache belie a deep-rooted fierce economic radicalism. An economist who studied at the Sorbonne, Banisadr says Iranian foreign policy has "a single objective: freedom from economic, cultural and political dependence on the West." He adds: "There are two things you can do-fight or rot. I prefer to fight...
...Iran's new revolutionary government. After the U.S. embassy in Tehran was seized, the regime welcomed back many of the same correspondents-with a particular goal in mind. Last Thursday the Iranian Ministry of National Guidance invited 200 foreign journalists over for lunch. Acting Foreign Minister Abol Hassan Banisadr made a sugary appeal for more sympathetic coverage of his government's attempts to retrieve the Shah, declaring, "Diplomats cannot solve this problem...
...into the nervous realm of high finance. While Iranian officials openly delighted in the chaos they were creating, the acting Finance and Foreign Minister threatened to renege on his government's debts to foreign banks and other creditors the world over. Renouncing previous pledges of payment, Abol Hassan Banisadr declared: "We will not pay back these debts. How can we repay loans that former plunderers received from their foreign accomplices and put back into the accomplices' banks?" He put the debts at "$15 billion, possibly more...
...banking system, perhaps even calling into question the value of money itself. A number of OPEC nations might even decide that it was wiser to keep oil in the ground instead of pumping up so much of it in exchange for mere paper. At the moment that Banisadr was posturing, U.S. Treasury Secretary G. William Miller was jetting to Saudi Arabia, to try to persuade Persian Gulf leaders not to cut their oil production in the months ahead. He also wanted to assure them that, although the Carter Administration had seized some $8 billion to $9 billion in official Iranian...
...boost on money markets. But the greenback twitched indecisively as traders remained mesmerized by the theatrics of the Iranian drama. Since the freezing of Iran's money in U.S. banks, some of the counterthreats from Tehran have been plainly bluster. "We have the dollar by the throat," chortled Banisadr. Not quite. Though the National Iranian Oil Co. announced that it no longer will accept dollars for oil, Iran needs the U.S. currency to pay for imports of everything from Australian wheat to Japanese machinery, which are all priced in dollars in international trading. Iran's oil exports, which...