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Next he was appointed ambassador of Iran to France in 1950, but he was removed from the post in 1952. After his diplomatic post, he worked at the World Bank as the director of the Middle East Department. In 1954 he returned to Iran and was made the chief of the Plan Organization and Budget Office. His term ended in February 1959 when he resigned from office. Ebtehaj cofounded a private bank named Bank-e persian (Persian: persians’ Bank) in January 1960 and became its chairman and president.
