Business: An $8 Billion Dilemma

Will the Iranian assets thaw as fast as they froze? No

Once the Iranian parliament set the terms for freeing the 52 American hostages, a major question loomed in the minds of bankers and businessmen around the world. How, exactly, will President Carter be able to meet the Khomeini government's demand that he unfreeze $8 billion in official Iranian assets that were blocked last November in U.S. banks and overseas branches? Insisted one top Treasury Department policymaker: "We're sure as hell not going to let a couple of courtrooms stand in the way of...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!