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IANSKathmandu, Nov 7 (IANS) China Banknote Printing and Minting Corporation appears to be monopolising the printing of Nepal’s banknotes, with the Chinese state-owned company winning bids seven times consecutively over the past three years. A Chinese company has bagged a contract to design and print 430 million pieces of Nepal's Rs 1,000 denomination banknotes, officials said on Saturday.Nepal Rastra Bank (NRB) issued a letter of intent to the China Banknote Printing and Minting Corporation on Friday for the design, printing, supply and delivery of the notes, the bank officials said.The total project cost has been fixed at USD 16.985 million, according to the Currency Management Department of the bank.The Chinese company was selected on the basis of the lowest evaluated bid.The firm has previously printed Nepalese banknotes of Rs 5, Rs 10, Rs 100, and Rs 500 denominations, the officials said. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onChina Banknote Printing and Minting CorporationChinese firmnepal curencybank notesChinese companyNepalese banknotesCurrency Management (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onChina Banknote Printing and Minting CorporationChinese firmnepal curencybank notesChinese companyNepalese banknotesCurrency Management(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Explore More Stories123
