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S/V William Miller at microphones
TRANSCRIPT: MILLER: The incidents which led to the freeze were of concern to them. They were concerned as to what this implication might be for the future. I was able to point out to them and give them first hand accounting of the reasons for the freeze. The freeze was not an initiative of the United States; it was in response to an act of hostility by the representatives in Iran. This hostility was reflected in the decision to remove all deposits from U.S. banks and ranches. That alone would not have been a matter of concern, but that was coupled with their intention to destabilise markets and to create chaos in the financial arena. This would have been damaging to everyone who participates in the international financial markets, because innocent depositors or those who held various currencies would have seen their economic interests impaired as a result of this action.
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