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flag China's banknote firm wins $17M contract to print Nepal’s new Rs 1,000 bills.

flag China Banknote Printing and Minting Corporation has won a $16.985 million contract to print 430 million Rs 1,000 banknotes for Nepal, according to Nepal Rastra Bank. flag The firm was selected based on the lowest evaluated bid and will handle design, printing, and delivery. flag This follows previous contracts for smaller Nepalese denominations, continuing Nepal’s collaboration with the Chinese company on currency production.

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