Nepal recently handed over the printing of its new 1000 rupee notes to China Banknote Printing and Minting Corporation (CBPM). China Banknote Printing and Minting Corporation is a Chinese state-owned company under the direct leadership of People’s Bank of China.
CBPM earned the contract to print 200 million 1,000-rupee notes back in August 2016. Total duration it took the Chinese to print the first batch of project was mere 5 months.The 28.4 billion Nepalese rupees were safely transported to Nepal from Nanchang in south-east China packed in boxes. Li Zheng, general manager of Nanchang Banknote Printing Company, a branch of CBPM, said the whole printing process was localised, including materials and technology.
People’s Daily reported, that the notes were produced in the same workshop where Chinese RMB are produced using precise anti-counterfeiting and design technology. The successful delivery of the newly printed batch of Nepal’s highest denomination reflects upon China’s high standards for bank note printing and minting.