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Israel and Spain Conclude $560,000 Credit Agreement

April 1, 1955
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Both the Israel and Spanish Governments have given their approval to an agreement reached between the Israel Discount Bank of Tel Aviv and the Banco Exterior d’Espana under which each bank extends credits to the other to an amount fixed initially at 200,000 pounds sterling ($560,000).

The Israel Government is ready to extend most favored nation treatment in customs to Spanish goods bought here under this agreement.

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