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The weak economic state of Persia put Ahmad Shah and his government at the mercy of foreign influence; they had to obtain loans from the Imperial Bank of Persia. Furthermore, under the Anglo-Persian Agreement, Persia received only a small fraction of the income generated by the Anglo-Persian Oil Company. On the other hand, the Red Army along with rebels and warlords ruled much of the countryside.
Sale Of Ahmad Shah’s Yellow Diamond 40 Years Ago At SBI Art Auction In Geneva
The weak economic state of Persia put Ahmad Shah and his government at the mercy of foreign influence; they had to obtain loans from the Imperial Bank of Persia. Furthermore, under the Anglo-Persian Agreement, Persia received only a small fraction of the income generated by the Anglo-Persian Oil Company. On the other hand, the Red Army along with rebels and warlords ruled much of the countryside.