VOL. XXXIX
No. 46
12 August 1996
IRAN
France May Resume Export Credit Insurance For Iran
The Iranian authorities have agreed to repay $120mn to the French bank Societe Generale, which has in the past guaranteed the export of Peugeot car assembly kits to Iran Khodro, Peugeot's partner in Iran. According to a Societe Generale spokesman, Iran will repay the outstanding debt through oil deliveries to Total of France. Commenting on the agreement reached in early July, an official of the...
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