Nepal has awarded a contract to a Chinese language state-owned safety printing agency to supply new banknotes throughout a number of denominations, a central financial institution official confirmed on Sunday.Nepal Rastra Financial institution (NRB) has chosen China Financial institution Observe Printing and Minting Company to design, print and provide notes of NRs 50, NRs 500 and NRs 1,000, spokesperson Guru Prasad Paudel informed PTI. Below the newly awarded contract, the corporate should ship the notes inside 9 months.Paudel stated the NRB offers the technical specs, after which the Chinese language agency prepares a design that have to be permitted by the central financial institution earlier than printing begins.Earlier this month, the identical Chinese language firm additionally obtained a Letter of Intent to design and print 430 million items of the NRs 1,000 denomination.The upcoming NRs 1,000 notice will characteristic seven rhododendrons, Nepal’s nationwide flower, representing the nation’s seven provinces. It is going to additionally carry the signature of the present governor, Prof Dr Biswo Nath Poudel, showing for the primary time on this banknote collection.China Financial institution Observe Printing and Minting Company was chosen on the premise of the bottom evaluated bid and has beforehand printed Nepalese notes of Rs 5, Rs 10, Rs 100 and Rs 500.In the meantime, on Thursday, Nepal’s central financial institution issued new Rs 100 notes carrying a revised nationwide map that features the Kalapani, Lipulekh and Limpiyadhura areas — territories that India maintains belong to it. Nepal claims these areas, mendacity east of the Mahakali river, fall inside its borders in accordance with the 1816 Sugauli Treaty.These disputed territories had been included into Nepal’s political map in Could 2020 by the Okay P Sharma Oli authorities, a transfer later endorsed by Parliament. India had sharply criticised the up to date map on the time, calling it a unilateral and unacceptable “synthetic enlargement” of territorial claims.NRB officers famous that Nepal’s Rs 1 and Rs 2 cash have already been minted with the revised map for the previous two years.