Saturday, November 17, 2012

UANI Applauds KBA for Clarifying and Fully Ending its Currency Printing Business with Iran, Including Commitment to Discontinue Delivery of All Parts and Equipment

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FOR IMMEDIATE RELEASE
November 16, 2012
Contact: Nathan Carleton, press@uani.com 
Phone: (212) 554-3296
    
UANI Applauds KBA for Clarifying and Fully Ending its Currency Printing Business with Iran, Including Commitment to Discontinue Delivery of All Parts and Equipment
Iran No Longer Able to Securely Print Rial


New York, NY - On Friday, United Against Nuclear Iran (UANI) applauded Germany's Koenig & Bauer Aktiengesellschaft (KBA) for ending its currency printing business in Iran.

Last month, after launching its Rial Currency Printing Campaign, UANI announced that KBA, the world's second-largest security bank note printing press manufacturer, ended its currency printing business in Iran, a development reported by The New York Times. All three companies contacted by UANI as part of the campaign have confirmed an end to their currency printing business in Iran.

In continued discussions with UANI this week, KBA stated that "[W]e are glad to confirm regarding banknote printing presses that we have discontinued deliveries of all spare parts and auxiliary equipment for any machinery or materials previously provided to the Central Bank of Iran.

"Furthermore," said KBA, "we reiterate our commitment to fully comply with applicable trade sanctions against Iran ..."

Said UANI CEO, Ambassador Mark D. Wallace:

KBA Group, including KBA-NotaSys SA Switzerland and Koenig & Bauer AG Germany, has confirmed the end of its Iran currency printing business, including the delivery of all spare parts and auxiliary equipment for any machinery or materials previously provided to the Central Bank of Iran. We applaud KBA for its responsiveness and diligence on this matter and its responsible decision.

With KBA's withdrawal, the Iranian regime can no longer procure the technology, equipment and material necessary for the secure printing of Iranian rials. Without the ability to freely and securely print the rial, Iran will no longer be able to manipulate its currency in order to counter the effects of hyperinflation.

Click here to read UANI's October 3, 2012 letter to KBA.
Click here to read the New York Times article, "Iran Sanctions May Cut Supply of Currency."
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
  1. 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;
  2. Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world;
  3. Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran;
  4. Lay the groundwork for effective US policies in coordination with European and other allies;
  5. Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and;
  6. 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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