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BRIEFLY

November 03, 1987

Iran lost $13.2 billion during the second half of October because of worldwide stock market plunges and the dollar's slide, Tehran Radio reported. In a related development, a leading Kuwaiti economist said oil-rich Kuwait may have lost $5 billion when the world's stock markets plunged in October. Majid Qassemi, the governor of Iran's central bank, was quoted as urging oil-producing countries to stop using the U.S. dollar to gauge oil prices because of its slide against other major world currencies.

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