Word: noorbaksh
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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...
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