Iran supreme leader approves tapping sovereign wealth fund to fight coronavirus

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Iran supreme leader approves tapping sovereign wealth fund to fight coronavirusIran is the Middle Eastern country worst-affected so far by the coronavirus, with 3,739 deaths and 60,500 people infected as of Monday, official data showed. Shut out of international capital markets and facing a further hit to its finances with the collapse in global oil prices coming on top of U.S. sanctions, Iran is struggling to shield its economy from the coronavirus pandemic. Rouhani said in late March that the government was seeking approval for the withdrawal of the money from the sovereign wealth fund.



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