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Were there local namely Ottoman bankers who were competing with the promoters of BIO for the privilege of establishing an imperial bank? Give a YES

Were there local namely Ottoman bankers who were competing with the promoters of BIO for the privilege of establishing an imperial bank? Give a YES or NO answer, then elaborate by providing suitable arguments. Refer to Clay (i) Ch 1; Eldem Ch1.

Please answer at least with 600 words to this question.

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