The Iranian History 1960 AD

 


Ahvaz Sugar Factory Inaugurated

Mar, 6, 1960 AD

Ahvaz White Bridge (Pol-e-Sefid) on Karoon River in Khuzestan provinceIranians decided to built a sugar processing factory in Ahvaz in late 1930s which was opposed by the British government. Although initial studies had been made and Iranians received a suitable offer from the Skoda factory, the British saw it as a threat to their interests. When the WWII broke out all plans were put in shelf.
After 17 years, in September, 1959, a plan was made for a factory to be built by 1962. Construction was completed two years before what it was planned and the Ahvaz sugar factory was operational by March, 6, 1960 producing 3,000 tons of sugar per day. The factory's production capacity was increased in 10 years and the factory was able to process sugar canes and produce 4,166 tons of white sugar per year by 1973. (Updated: Oct, 6, 2009)





Iran To Import Wheat From The U.S.

Dec, 5, 1960 AD

Tehran 1960: Tajrish/Shemiran (1340 H) Sareband, the first stop for hikers and mountain climbersIran started importing wheat from the U.S. The agreement had been made in November same year but because the treasury was almost empty a loan application was submitted to the International Money Fund. Iran's incomes were low because of low international oil prices and the fact that foreigners were actually plundering the country IMF agreed to give a 35 million dollars to Iran to import 250,000 tons of wheat. This was the year Iran established its own central bank and started issuing bank notes observing a new monetary policy. Iran's economy became stronger during 70's when oil prices rose to nearly 20 dollars per barrel. In 2005 Iran announced self sufficiency in production of wheat in the country. This had been one of main dreams for Iranians since the 1979 Islamic revolution. However Iran still runs a closed economy and economies of scale and a reliable fiscal policy is not being implemented causing high inflation. The U.S. sanctions and international embargo are major causes of the current situation. (Updated: Dec, 6, 2007)





English-Persian Glossary
  • Islamic Revolution : انقلاب اسلامي Media_Files
  • Islamic : اسلامي Media_Files
  • British : انگليسي Media_Files
  • Skoda : اسکودا
  • Ahvaz : اهواز(Ahwaz,Naseri) Media_Files
  • Iran : ايران Media_Files
  • WWII : جنگ جهاني دوم Media_Files
  • IMF : صندوق بين المللي پول(International Money Fund) Media_Files

Latest Additions to Iranian History Chronicle: