Three currency printing companies stop their businesses in Iran

Azerbaijan, Baku, Oct. 20 /Trend S.Isayev/

Three foreign currency printing companies have decided to discontinue their businesses in Iran, UANI (United Against Nuclear Iran U.S. group) Communications Director Nathan Carleton told Trend.

Earlier this month, UANI has launched a "Iran Rial Currency Printing Campaign", which targeted companies that print Rial for the Islamic Republic.

According to Nathan Carleton, three such companies have stopped their businesses there, as a result of UANI's campaign.

"All three of the firms we contacted, "KBA", "Flint", and "DLR", have informed us that they are no longer involved in currency printing in Iran," Carleton said, noting that UANI applauds the companies for their decisions.

KBA, of Germany, is the world's second-largest security banknote printing press manufacturer, and has sold printing presses to numerous Iranian entities.

Flint, an ink and chemical supplier based in Luxemburg, worked in Iran through SunColor Inks Co., and held the patent for a trademarked family of banknote printing products repeatedly requested by the Central Bank of Iran.

UANI has also contacted DLR, a British firm whose machines have printed rials for the regime in the past, for clarification about any current ties to Iran.

"UANI is currently investigating what other companies might have taken their places, and are prepared to pressure them as well," Carleton noted.

The U.S. dollar cost some 24,500 rials in the last week of September, and it went sky-high to 37,000 rials on October 2 and 40,000 rials on October 3.

As a result of such jumps in rates, tensions arised in Tehran, as earlier local Iranian sources indicated police arrested some 30 people, who might have been involved in currency manipulations at Iran's free markets.

Yesterday on Oct. 19, the U.S. dollar was sold for 33,500 rials at Iran's free markets.

Nathan Carleton noted that no one should be helping the Iranian regime print more currency during this critical time.

"We will continue to observe the rial's value, but we do not expect it to improve unless the regime changes course."

Carleton also added that according to some sources, traders in other countries, such as Afghanistan are not even interested trading Rial anymore, due to its unstable factor.

Iran is currently facing a crippling currency crisis, aside frmo the pressuring international sanctions, new portion of which have been put on the country several days ago by the EU.

The sanctions aim to stop Iran from making a nuclear weapon, yet Iran denies all accusations, noting that country's nuclear program is only for peaceful purposes.

Central Bank reveals volume of property appropriated by Georgian commercial banks
Central Bank reveals volume of property appropriated by Georgian commercial banks
Azerbaijani Kapital Bank’s total assets increase as of 2020
Azerbaijani Kapital Bank’s total assets increase as of 2020
Azerbaijan’s Kapital Bank reveals 2020 net profit
Azerbaijan’s Kapital Bank reveals 2020 net profit
Loading Bars
Latest
Commerzbank deepens partnership with Microsoft
Central Bank reveals volume of property appropriated by Georgian commercial banks
Kazakhstan's Baikonur Cosmodrome starts launching works for 2021
Azerbaijani Kapital Bank’s total assets increase as of 2020
Carnations blooming today along with khari bulbul in Azerbaijan – Turkish FM
Exports of Iran's steel products declines
French ambassador to Azerbaijan talks about January 20 tragedy
Turkmen carpet weaving enterprise reveals production volume
Iran may cancel additional protocol on nuclear deal - Foreign Policy Commission
Azerbaijan keen to develop relations with Turkey, Pakistan in almost all spheres
Azerbaijani people honoring memory of 20 January tragedy victims (PHOTOS)
Caspian Shipping Company’s marine flotilla reveres memory of January 20 martyrs (VIDEO)
Armenians destroyed mausoleum of outstanding Azerbaijani poet in Shusha - monitoring results
Azerbaijan's State Service for Property Issues unveils amount of transfers to state budget
Supply of Indian manufactured vaccines to neighbouring and key partner countries
Azerbaijan progresses with cotton yields in 2020
EU's Michel calls on Biden to form new transatlantic pact
Jewish community in Azerbaijan revere memory of victims of January 20 tragedy
India to gift 2 mn doses of Covid-19 vaccine 'Covishield' to Bangladesh
India, Japan sign Memorandum of Cooperation to help promote movement of skilled workers
Georgia reports 469 new COVID-19 cases for Jan.20
UK ambassador to Azerbaijan makes statement on January 20 tragedy
Benefits provided for Uzbek entrepreneurs likely to be extended
Share of domestic exports up in Georgia
Azerbaijan discloses number of mandatory health insurance services in 2020
Azerbaijani president, first lady visit Alley of Martyrs on 31st anniversary of 20 January tragedy (PHOTO)
India, Oman Hold Discussions On Bilateral Cooperation
Turkmenistan's Turkmengas to buy chemical products via tender
Uzbekistan, Turkey to work on approving agreement on preferential trade
Azerbaijan’s Kapital Bank reveals 2020 net profit
EU Delegation mourning victims of “Black January” tragedy - statement
Copper ores and concentrates top export goods in Georgia
Azerbaijan holds minute of silence to honor January 20 victims (PHOTOVIDEO)
Modi gets SOS message for vaccine from Caribbean nation that stood by India
Black January means symbol of struggle for independence - Charged ’Affairs of Azerbaijani Embassy in Ethiopia
Iran’s South Pars Gas Company beats new record on export
First Vice- President Mehriban Aliyeva shares Instagram post on 20 January tragedy (PHOTO)
Uzbekistan’s Central Bank to place bonds on republican currency exchange
Georgia sees decrease in external merchandise trade
Turkmenistan's Mary region opens tender for construction
Turkmenistan signs contract for aircraft purchase from French Airbus
UK inflation rises a little more than expected in December
Largest share of mortgage loans falls on Uzbekistan’s Samarkand region
Article on Black January tragedy of Azerbaijani Consul General in LA published
EU4Business supports expansion of Georgia’s biggest digital creative agency to global markets
Кazakh Electricity Grid Operating Company to buy construction materials via tender
Azerbaijani oil prices continue to grow
Phased COVID-19 vaccination continues in Azerbaijan - Ministry of Health
Kazakh Embassy extends condolences to Azerbaijan on 20 January tragedy's anniversary
Number of Uzbek banks raise dollar rate
EBRD names loans volume provided for Uzbekistan during COVID-19
EBRD, State Electricity System of Georgia implement new energy project
Uzbekistan names start date for vaccination against COVID-19
Azerbaijani Ministry of Agriculture holds meeting on results of cotton growing dev't (PHOTO)
Azerbaijani company reveals growth in 2020 total insurance revenues
Aide to Azerbaijani president shares post on Twitter on anniversary of 20 January tragedy (VIDEO)
As always, on Day of National Mourning, we mourn with Azerbaijan - Turkish Embassy
Iran, Cuba joint COVID-19 vaccine to begin new phase of testing in Havana
Iran, Iraq discuss transit operations
Electricity generation potential of Iran's Kerman Province announced
Russia's Gazprom increases purchases of natural gas in Turkmenistan
Azerbaijan applying innovations for agrochemical soil analysis
Turkic Council commemorates heroes of Azerbaijan on occasion of 20 January tragedy anniversary
Azerbaijan to ease the health protocols for Iranian transit and export trucks
Azerbaijan’s Consulate General in Los Angeles produces short film on Black January tragedy
Iranian currency rates for January 20
Azerbaijan issues data on lending to communications, transport sector for 11M2020
European oil majors to prioritize large-scale developments in two regions
European oil majors to increase green investments to 16-17% of total spending
Azerbaijan’s Ministry of Ecology and Natural Resources discusses proposals for plastic bags
Iran's export transportation costs doubles
Greek parliament mulling IGB deal
Azerbaijani ministry talks on countrywide cybersecurity
Uzbekistan reveals COVID-19 data for January 20
Azerbaijani MFA issues statement on anniversary of 20 January tragedy
Oil rise on hopes of U.S. stimulus and crude stocks drawdown
Kazakhstan significantly decreases petroleum oil exports to Greece
Big Azerbaijani bank’s volume of total assets down
Russian and Azerbaijani sappers continue defusing mines in liberated territories (PHOTO)
Over 2,000 foreigners apply for 'Remotely from Georgia' state programme
Kyrgyzstan increases number of flights to Turkey
Discovery to enter Turkish market after investing in local streaming service
Iran exporting Nanotech products to 50 countries
Zurab Pololikashvili re-elected Secretary General of UNWTO
Kazakhstan reports over 1,100 fresh COVID-19 cases
Portuguese economy minister tests positive for COVID-19
ICAO talks global reduction in passenger traffic during 2020
After Senate vote, Italy's Conte says focus now on COVID and economy
U.S. agency orders Ford to recall 3 million vehicles over air bags
German authorities bust suspected human trafficking gang
Investments in Azerbaijan's oil sector increase
Yellen tells lawmakers to 'act big' on coronavirus relief
Tunisian protesters revive 'Arab Spring' chant, riots continue
Germany extends lockdown to Feb. 14 on fears of COVID-19 variants
Qatar's foreign minister wants Gulf Arab nations to talk with Iran
US introduces sanctions against companies and ships due to trading Venezuelan oil
Shopping malls and fairs staff to be Covid-tested regularly
East Kazakhstan plans to vaccinate 20% of its population
Azerbaijan commemorates 31st anniversary of January 20 tragedy
Azerbaijan discloses foreign trade turnover volume
All news