Iran refused new banknote printing equipment as result of sanctions
17 10, 2012 21:53 Category: Middle East
According to an article in MarketWatch dated 17 October 2012, Germany's Koenig & Bauer Aktiengesellschaft (KBA) has agreed to stop supplying SPMO [Iran's Security Printing and Minting Organization] and the Central Bank of Iran with the equipment needed to produce rial banknotes, as part of international efforts to force Iran to halt its nuclear ambitions.