Word: exportability
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According to the governor of the Central Bank, Mohsen Noorbaksh, the nation has cut its foreign debt from $7.4 billion in 1978 to $500 million. In 1983 alone Iran repaid $419.5 million to the American Export-Import Bank and also returned $350 million to France. Noorbaksh claims that within four years of the Ayatullah's takeover, Iran had accumulated foreign exchange reserves of $13 billion, higher than at any time during the Shah's rule. Foreign businessmen, mostly from the West, can again be seen all over Tehran...
...regime holds firmly to the belief that it is a religious duty to export revolution until an Islamic empire under the banner of Khomeini stretches from the Persian Gulf to the Mediterranean-or beyond. Khomeini supporters were said to have been behind the food riots in Tunisia and Morocco earlier this year; authorities also believe that the Iranian-sponsored Al Dawa Party, a group of Iraqi subversives, organized six car bombings in Kuwait last December. Most alarming, some 2,000 Islamic Guards are positioned just inside the Syrian border, from where they make frequent trips into Lebanon to train...
...Ayatullah has already sent the name of his chosen successor, in a sealed envelope to be opened at his death, to the 60-man council of clergymen that will formally decide the issue. His most likely choice is Montazeri, the mastermind of the regime's attempts to export its revolution. But the short...
Trade policy was once again a hot topic of debate last week as the Senate passed a bill to renew the Export Administration Act, which sets the rules under which the Government can control exports. In a stunning challenge to the White House, the Senators approved an amendment that would require congressional approval for any embargo of farm products after it has been in effect for 60 days. The House passed a similar amendment in October. The Senate also voted to bar the President from imposing trade restrictions that would force companies to break contracts...
...Reagan defense budget and its effect on the Latin American economy. According to Womack, a Democratic President would make it easier for Latin American countries to borrow money. "With a lower defense budget, there would be a decline in the real rate of interest, and a higher possibility for exporting into the U.S. The ability of Latin American countries to export products has decreased a lot in the last four years...