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...