Mohamad Mehdi Faraghat; Morteza Dehghanneghad; Fereydoon Allahyari
Abstract
In order to reduce the political and economic influence of foreign banks, the Iranian people's demand for the establishment of the National Bank of Iran was implemented in the first ...
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In order to reduce the political and economic influence of foreign banks, the Iranian people's demand for the establishment of the National Bank of Iran was implemented in the first Pahlavi period. German experts played an important role in its establishment, but the embezzlement of Dr. Linden Blatt (president of the bank) damaged the reputation and performance of this bank. This article examines the impact of international events on the first and most important embezzlement of National Bank Iran. The main question of this study is how international events have affected the embezzlement of Iran National Bank. The methodology of this article is descriptive-analytical and relies on classical documents that compare and analyze the history of Iran and the world on the above topic.Findings and results: The results of this study show that the world experienced the greatest economic crisis shortly after the establishment of the National Bank. Moreover, the devaluation of the Iranian national currency and the pound sterling at that time paved the way for the embezzlement of the bank by the board of directors. With the establishment of the League of Nations and the intensification of international relations, Iran also demonstrated the legitimacy of the new Iranian legal system, which became popular in the world after the abrogation of the capitulation. In this respect, the implementation of the embezzlement process was a good propaganda success for the Iranian government.
