The Iranian History 1890 AD


Shah Signs Tobbaco Concessions

Mar, 8, 1890 AD

Unknown Young Lady in Qajar outfit is sitting on a carpet and leaning on pillows on her back while smoking Hooka which is bad habit inherited from the Qajar era. The decoration shows that it was a rich building belonging to elite or royal people.Naseroddin Shah signed the Regie Concession during his third visit to Europe on March, 8, 1890. By this agreement Shah sold the monopoly of the tobacco trade in Iran. In return, Iran would receive 500,000 Sterlings per year plus %10 of the profit. This agreement was made without necessary consultations and resulted in popular discontent that led to an uprising called Tobacco Movement.
A fatwa by religious leaders banned smoking completely as Haram, which was followed by demonstrations in Shiraz, Tabriz and Isfahan. The Shah soon retreated and accepted to cancel the concession on Dec, 18, 1891. This was the first time that public opinion showed its force against Shah and made a sample for the Constitutional Monarchy Movement. When the British were informed of the annulment on Jan, 5, 1892, Iran agreed to pay 500,000 Sterlings in compensation on April, 22, 1892.
Despite the fact that Naseroddin Shah practically sold the country during his 50 years of his infamous reign, his face is still seen on various paintings on China teapots, hookah and such items in the Iranian market especially after the 1979 Revolution.
Another question is why those clerics were silent when Naseroddin Shah gave away Iranian soil; for instance Marv on Feb, 28, 1881. (Updated: Oct, 27, 2011)

Imperial Bank Of Persia Inaugurated

Mar, 31, 1890 AD

Iran 1890: A 1000 Toman Banknote issued by the British Imperial Bank of PersiaOriginally known as The British Bank of the Middle East, The Imperial bank of Persia was established in 1889 with a royal charter from Queen Victoria, very unusual for an overseas bank at the time. Iran's banking system, including issuing banknotes had been managed by the British for over 40 years. Inauguration of the Imperial Bank of Persia was probably a tactical move against Anglophobia which was on the rise everywhere in the world.
The bank's headquarters was situated in a corner of the Sepah square. Years later, Bank Bazargani was the first Iranian private bank which operated in the same building.
Bank Melli, the first Iranian national bank of Iran was officially Inaugurated on Sep, 11, 1928 by a law which had been passed by the sixth Majlis. The seventh Majlis gave Bank Melli the authorization to issue currency. But the influential British protested. They were compensated with an amount of 200,000 Sterlings and were given the right to keep their bank and its branches across Iran.
On May, 27, 1930, Iran started issuing her own bank notes.
During disputes regarding Nationalization of Oil, after British hostilities, the Imperial Bank Of Persia was closed in 1952 by Mosaddegh's order.
After 1979 revolution, all banks were nationalized. Islamic Banking was presented and tried by idealists for a while. Amazingly, usury has become legal under the Islamic Republic and is a dominant factor in Iran's financial system today. (Updated: May, 27, 2009)

English-Persian Glossary
  • Imperial Bank of Persia : بانک شاهي(Bank Shahanshahi, Bank-e-Shahi) بانک شاهنشاهي Media_Files
  • Constitutional Monarchy : سلطنت مشروطه Media_Files
  • Nationalization of Oil : ملي شدن نفت Media_Files
  • Islamic Republic : جمهوري اسلامي Media_Files
  • Regie Concession : امتياز رژي
  • Naseroddin Shah : ناصرالدين شاه(Nasseroddin Shah, Naseroldin Shah,Naser al-Din Shah Qajar) سلطان صاحبقران، شاه شهيد Media_Files
  • Middle East : خاورميانه
  • Anglophobia : بيزاري‌ و ترس‌ از انگليسها
  • Bank Melli : بانک ملي(National Bank of Iran) بانک ملي ايران Media_Files
  • Mosaddegh : مصدق(Mossaddegh, Mosaddeq) دکتر محمد مصدق،مصدق السلطنه Media_Files
  • Monarchy : شهرياري سلط‌نت‌ مط‌لقه‌ ، رژيم‌ سلط‌نتي‌
  • Iranian : ايراني‌ اهل‌ ايران‌ ، وابسته‌به‌ ايران‌ Media_Files
  • Isfahan : اصفهان(Esfahan, Sepahan,Esparan) اسپه دانه، اسپهان Media_Files
  • Islamic : اسلامي Media_Files
  • British : انگليسي Media_Files
  • Persia : ايران Media_Files
  • Shiraz : شيراز تيرازيس Media_Files
  • Tabriz : تبريز(Tebriz) Media_Files
  • Majlis : مجلس(Majles) Media_Files
  • China : چين Media_Files
  • Sepah : سپه Media_Files
  • Marv : مرو(Merv) Media_Files
  • Iran : ايران Media_Files
  • Shah : شاه پادشاه‌ Media_Files

Latest Additions to Iranian History Chronicle: