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FOR IMMEDIATE RELEASE
October 17, 2012
Phone: (212) 554-3296
UANI Applauds KBA for Ending Currency Printing Business in Iran
UANI's Iran Rial Campaign Leads to Leading German Security Bank Note Printing Press Manufacturer Ending Business in Iran
New York, NY - On Wednesday, United Against Nuclear Iran (UANI) applauded Germany's Koenig & Bauer Aktiengesellschaft (KBA) for ending its currency printing business in Iran.
KBA is the world's second-largest security bank note printing press manufacturer, and had sold printing presses to numerous Iranian entities. Last week, UANI launched its Rial Currency Printing Campaign, and announced the results of an investigation into KBA and other multinational companies that help Iran produce its currency, the rial.
In recent discussions with UANI, KBA stated that it has "discontinued to supply banknote printing presses as well as related goods and services to clients located in Iran, including to SPMO [Iran's Security Printing and Minting Organization] and the Central Bank of Iran."
KBA also informed UANI that the SPMO recently "requested [KBA] make offers for banknote machines." KBA said, however, that it has "finally decided to discontinue such sales to SPMO." KBA added that Iran's Bank Meli recently "requested us to submit an offer for a banknote machine," but "we refused to respond."
Said UANI CEO, Ambassador Mark D. Wallace:
We applaud KBA for ending its currency printing business in Iran. KBA's decision makes it more difficult for the Iranian regime to combat the crash of the rial. We call on other companies to immediately stop assisting the regime and its Central Bank in printing and maintaining the rial's integrity. Such assistance undercuts the global effort to isolate and sanction Iran for its defiance of international law and its pursuit of an illicit nuclear weapon.
The regime is now dealing with severe inflation, and in cases where hyperinflation has caused a currency to fall precipitously, a regime like Iran's must maintain the ability to manipulate its money supply and the integrity of its currency. Without sophisticated security and printing technology Iran may not be able to do either. This will hasten the demise of the rial, and possibly force the regime to choose between a nuclear weapon and a functioning economy.
Click here to read UANI's full letter to KBA.
Click here to view UANI's Iran Rial Currency Printing Campaign website.
Click here to view UANI's Iran Currency Tracker.
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United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code.
The prospect of a nuclear-armed Iran should concern every American and be unacceptable to the community of nations. Since 1979 the Iranian regime, most recently under President Mahmoud Ahmadinejad's leadership, has demonstrated increasingly threatening behavior and rhetoric toward the US and the West. Iran continues to defy the International Atomic Energy Agency (IAEA) and the United Nations in their attempts to monitor its nuclear activities. A number of Arab states have warned that Iran's development of nuclear weapons poses a threat to Middle East stability and could provoke a regional nuclear arms race. In short, the prospect of a nuclear armed Iran is a danger to world peace.
United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons. UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons.
The Objectives of United Against a Nuclear Iran
- Inform the public about the nature of the Iranian regime, including its desire and intent to possess nuclear weapons, as well as Iran's role as a state sponsor of global terrorism, and a major violator of human rights at home and abroad;
- Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world;
- Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran;
- Lay the groundwork for effective US policies in coordination with European and other allies;
- Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and;
- Promote efforts that focus on vigorous national and international, social, economic, political and diplomatic measures.
UANI is led by an advisory board of outstanding national figures representing all sectors of our country. |
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