891.515/95: Telegram
The Secretary of State to the Minister in Iran (Dreyfus)
180. Your 334, April 1, 9 a.m. While remarking that the question of selling gold in the open market in Iran as an anti-inflationary measure should be carefully considered, the Treasury without passing upon the merits of the proposed measure states that it is prepared to consider an application from the Iranian Government to buy and export gold from the United States to Iran; application should be [Page 574] filed through the Federal Reserve Bank of New York on behalf of Iranian Government and should specify type of gold bar wanted.
Information on all shipping costs is being obtained and will be telegraphed shortly. Treasury says there is no present opportunity for a switch with Russian or other gold, nor would gold ordinarily coming to this country be in the form of small bars. Competent authorities inform Department that shipment by air could probably be taken care of in a reasonable time.
Your 260, March 12, 10 a.m.
What development has there been on British Legation’s proposal?