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A Chinese firm has secured a contract to design and print 430 million pieces of Nepal’s ₹1,000 denomination banknotes, officials said on Saturday (November 8, 2025), as reported by PTI.
The Nepal Rastra Bank (NRB) on Friday (November 7) issued a letter of intent to the China Banknote Printing and Minting Corporation for the design, printing, supply, and delivery of the notes.
According to the bank’s Currency Management Department, the total project cost has been set at $16.985 million. The Chinese company was awarded the contract after submitting the lowest evaluated bid and has previously printed Nepalese banknotes in denominations of ₹5, ₹10, ₹100, and ₹500.
This is a developing story.
Bhanu Pratap is DU graduate in Journalism and a daily newspapers reader. His domain of interest in journalism is foreign affairs, the ever-evolving political landscape of the country, and elections. Although he initially pursued science with aspirations of becoming an engineer under societal pressure, fate had other plans taking him toward the world of news. When he’s not shaping headlines in the newsroom, Bhanu enjoys spending time in libraries. His love for history takes him to historical places and heritage walks. Folk music is another of his interests. Reviews and suggestions are always welcome at Bhanu.Pratap@nw18.com.