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Export-import Bank Grants Credit in Israeli Firm in Israeli Currency

August 24, 1959
See Original Daily Bulletin From This Date
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The Export-Import Bank of Washington today announced a credit in Israeli currency to assist an Israeli firm, Sefen, Ltd., an affiliate of the Israel Development Corporation of New York City, in the expansion and development of business.

The firm will receive 720,000 Israel pounds ($400,320) for land, buildings, machinery, and equipment required to expand a softbound and hardboard manufacturing plant. It is repayable in ten years.

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