The year 1890 A.D.

in the Iranian History

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March, 8, 1890 A.D.:
Shah Signs Tobbaco Concessions


Naseroddin Shah signed the Regie Concession during his third visit to Europe on March, 8, 1890. By this agreement Shah sold the monopoly of the tobacco trade in Iran. In return, Iran would receive 500,000 Sterlings per year plus %10 of the profit. This agreement was made without necessary consultati... Read Full Article:


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March, 31, 1890 A.D.:
Imperial Bank Of Persia Inaugurated


Originally known as The British Bank of the Middle East, The Imperial bank of Persia was established in 1889 with a royal charter from Queen Victoria, very unusual for an overseas bank at the time. Iran's banking system, including issuing banknotes had been managed by the British for over 40 years. ... Read Full Article:

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