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Report: Iran merges military-affiliated banks

Iran's official IRNA news agency says the Central Bank has merged four banks and a credit union to reform the country's banking system and financial markets. The Saturday report announced the merger of Ansar, Mehr-e Eghtesad, affiliated with powerful Revolutionary Guard, Ghavvamin, affiliated with the police, Hekmat-e Iranian Bank and…

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Click here to read the full story: Daily Herald

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