By Cynthia Chung It all started in 1872, with Nasir al-Din Shah having granted to the British Baron Julius de Reuter, rights to Iran’s entire economic estate. Reuter not only controlled Iran’s industry, farming, and rail transportation, but also held the right to issue currency and to set up a national bank, called the Imperial Bank of Persia, which was under direct British control.
Iran’s Century and a Half Fight for Sovereignty
Iran’s Century and a Half Fight for…
Iran’s Century and a Half Fight for Sovereignty
By Cynthia Chung It all started in 1872, with Nasir al-Din Shah having granted to the British Baron Julius de Reuter, rights to Iran’s entire economic estate. Reuter not only controlled Iran’s industry, farming, and rail transportation, but also held the right to issue currency and to set up a national bank, called the Imperial Bank of Persia, which was under direct British control.