Tuesday, March 18, 2008

Iranian Checks and Drafts.

Here's a memo from a bank I worked at in the 1970's:

Click on image to see large version.

President Jimmy Carter declared a national emergency on November 14, 1979, but the freeze on bank accounts and assets other than that of the actual "government" of Iran took awhile to work out. In the mean time, banks sought to proceed carefully.

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