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| Iranian rial hits all-time low as citizens scramble for US dollars Saeed Laylaz, a prominent Tehran-based economist close to the Rouhani team, said both internal and external political reasons were driving the currency devaluation. Some officials have blamed Iran's regional rivals, including US-backed Saudi Arabia and the UAE, for limiting Tehran's access to ...
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| IFC to expand co-op with Uzbek Hamkorbank in currency lending sphere International Financial Corporation (IFC), a member of the World Bank Group, has signed a landmark swap agreement with Hamkorbank, the largest private bank in Uzbekistan, to expand local currency lending to micro, small and medium enterprises, key to driving economic growth in the country, the ...
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