Sat Nov 08 08:57:30 UTC 2025: Summary:
A Chinese company, China Banknote Printing and Minting Corporation, has won a $16.985 million contract from Nepal Rastra Bank (NRB) to design, print, supply, and deliver 430 million pieces of Nepal’s ₹1,000 denomination banknotes. The company was selected based on its lowest bid and has printed other denominations of Nepalese banknotes in the past.
News Article:
Chinese Firm to Print 430 Million Nepalese Banknotes
Kathmandu, Nepal – November 8, 2025 – China Banknote Printing and Minting Corporation has been awarded a $16.985 million contract to design and print 430 million pieces of Nepal’s ₹1,000 denomination banknotes. Nepal Rastra Bank (NRB) announced the decision Friday, citing the Chinese firm’s lowest evaluated bid as the determining factor.
The contract encompasses the design, printing, supply, and delivery of the notes. This isn’t the first time the company has worked with the NRB, having previously printed other Nepalese currency denominations, including ₹5, ₹10, ₹100, and ₹500 banknotes. The move is a significant development in Nepal’s currency management, with the Chinese company playing an increasingly important role.
First Piper 