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This article participates on the following special index pages:
Withdrawal of businesses from Zimbabwe - Index of articles, opinion and arguments
German
company halts banknote paper delivery
The
Zimbabwean
July 01, 2008
View article
on the Zimbabwean website
The Management
Board of Giesecke & Devrient GmbH, Munich, today decided to
cease delivering banknote paper to the Reserve Bank of Zimbabwe
with immediate effect.
The company has taken
this step in response to an official request from the German government
and calls for international sanctions by the European Union and
United Nations.
"Our decision is
a reaction to the political tension in Zimbabwe, which is mounting
significantly rather than easing as expected, and takes account
of the critical evaluation by the international community, German
government and general public," explains Dr. Karsten Ottenberg,
Chairman of the Management Board and CEO of Giesecke & Devrient
GmbH.
In delivering
banknotes and banknote paper, Giesecke & Devrient is subject
to strict rules defined by the World Bank. The company continues
to rely on the political and moral assessment provided by international
trade regulators.
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