Word: banisadre
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Even before that vote, however, Khomeini made it clear once again who was in charge. The victim this time was Foreign Minister Abol Hassan Banisadr, the bushy-mustached economist who had been in office just 18 days, and who had seemed to be relatively moderate, or at least flexible. He had tried to attend the U.N. debate. Said he: "We want to demonstrate how the U.S. ruled our nation during the Shah's regime." Despite such rhetoric, U.S. officials hoped that private talks in New York might make some progress. Banisadr also opposed any trial of the U.S. hostages...
Still, no matter how intransigent Ghotbzadeh's rhetoric, his problem is the same one faced by Banisadr: the great gulf between Khomeini's determination to get the Shah and Jimmy Carter's refusal to hand him over. Moreover, Ghotbzadeh's task is complicated by the absence now of almost any moderating force in the country that could help build diplomatic bridges between Tehran and Washington. To stay out of trouble with the all-powerful Khomeini, most of the moderates are lying low. Asked three tunes at a news conference about the National Front, which for a time was Iran...
...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...
...instructed the Chase to transfer the needed funds from an Iranian account in New York to Chase's London branch where the interest was owed, but that the U.S.'s freezing of its assets had prevented the transfer. Asserted an official bank statement released in London (before Banisadr contradicted it): "There is no intention on the part of the Iranian government not to meet its international financial obligations...