KATHMANDU, Oct 27: The Nepal Rastra Bank (NRB) has contracted a Chinese company to print new 100-rupee notes featuring the revised political map of the country. This is the first instance of the currency reflecting the updated map following recent constitutional amendments.
The Council of Ministers approved the design change for the 100-rupee note, which incorporates the newly recognized borders of Limpiyadhura, Lipulek, and Kalapani as part of a constitutional amendment enacted on May 20, 2020.
NRB awards a Chinese company contract to print and supply of 31...
As mandated by the Nepal Rastra Bank Act, the NRB is responsible for note design, but any modifications require government approval. The Cabinet has already granted permission for this design update.
The China Banknote Printing and Minting Corporation has been awarded the contract after a competitive global tender process. The NRB has requested the company to design, print, supply, and deliver 300 million 100-rupee notes, with an estimated printing cost of about $8.99 million. This translates to over Rs 1.2 billion, making the cost per note approximately Rs 4.04.
