Archive · 9 Nov 2025
Nepal Awards Contract for Rs 1,000 Banknote Printing to Chinese Firm
Nepal's central bank has decided to let a Chinese company print its 1,000 rupee money.
This company, called China Banknote Printing and Minting Corporation, will make 430 million new bills for Nepal.
They won the job because they offered to do it for the lowest price.
This company has printed some of Nepal's money before.
Some people in India are watching this closely because they are concerned about China's growing influence in Nepal.
There was also a recent protest in Nepal where young people were angry and caused damage to government buildings.
Nepal Rastra Bank (NRB) has awarded a contract to China Banknote Printing and Minting Corporation.
The Chinese firm will design, print, and supply 430 million units of Nepal's Rs 1,000 banknotes.
The total cost of the project is $16.985 million, awarded based on the lowest bid.
The contractor has previously printed various denominations of Nepalese currency.
China's increasing economic and political engagement with Nepal is noted, with India expressing suspicion.
- Who
- Nepal Rastra Bank (NRB) and China Banknote Printing and Minting Corporation
- What
- A contract to design, print, and supply 430 million pieces of Nepal's Rs 1,000 denomination banknotes.
- When
- A letter of intent was given on Friday.
- Where
- Nepal
- Why
- The contract was awarded on the basis of the lowest evaluated bid.
China's Engagement
India's Perspective
Economic and Political Influence
China's Engagement
China is actively seeking to expand its political and economic ties with Nepal.
India's Perspective
India views China's increasing engagement with Nepal with suspicion, potentially undermining India's regional influence.
- Contracting Authority
- Nepal Rastra Bank (NRB)
- Contractor
- China Banknote Printing and Minting Corporation
- Contracted Work
- Design, print, and supply 430 million pieces of Rs 1,000 denomination banknotes
- Project Cost
- $16.985 million
- Contract Award Basis
- Lowest evaluated bid
- Previous Work by Contractor
- Printed Nepalese banknotes of Rs 5, Rs 10, Rs 100, and Rs 500 denominations