Austrian banknote firm may pull out of Syria contract

According to an Associated Press report dated 5 August 2011, OeBS (Oesterreichische Banknoten- und Sicherheitsdruck, Austria) is reviewing its contract to provide banknotes to the Central Bank of Syria. The Austria Press Agency reported that printing company OeBS—a subsidiary of Oesterreichischen Nationalbank, Austria’s central bank—has nearly completed the 2008 contract it has with Syria, and may pull out of the troubled country due to international pressure in the wake of the crackdown on protests against President Bashar Assad’s regime.

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