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China-led AIIB to begin lending in baht, rupiah and rupee

President wants to safeguard 'any market' from forex swings

Local-currency financing starts this month, initially covering India, Indonesia, Thailand, Turkey and Russia. (Nikkei montage)

LUXEMBOURG -- The Asian Infrastructure Investment Bank will offer local-currency financing in certain emerging markets, President Jin Liqun told Nikkei on July 11.

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