Chinese company to print Nepal's 100-rupee notes featuring disputed territories with India
Nepal Rastra Bank Contracts Chinese Company for New 100-Rupee Notes
The Nepal Rastra Bank (NRB) has selected the China Banknote Printing and Minting Corporation to print 300 million 100-rupee banknotes. These notes will feature a revised map of Nepal, including the disputed territories of Lipulekh, Limpiyadhura, and Kalapani.
Background
In May, the Nepalese cabinet approved the design for these new banknotes. The territories included in the map have been under Indian control for over 60 years, with residents participating in Indian civic activities.
Contract Details
The contract, worth approximately 8,996,592 USD, was awarded after a global tender. The Chinese company will handle the design, printing, supply, and delivery of the notes. The cost per note is estimated at 4 rupees and 4 paisa.
Strategic Importance
The disputed areas are strategically important, located at the tri-junction of India, Tibet, and Nepal. The Lipulekh pass connects Uttarakhand with Tibet, highlighting the geopolitical significance of the region.
Doubts Revealed
Nepal Rastra Bank
Nepal Rastra Bank is the central bank of Nepal, similar to the Reserve Bank of India. It manages the country's currency and monetary policy.
China Banknote Printing and Minting Corporation
This is a Chinese company that specializes in printing currency and minting coins. They have been chosen to print Nepal's new 100-rupee notes.
100-rupee notes
These are currency notes worth 100 rupees, which is a unit of money used in Nepal, similar to Indian rupees.
Revised map
The revised map on the new notes includes areas that are disputed between Nepal and India, such as Lipulekh, Limpiyadhura, and Kalapani.
Disputed territories
These are areas that both Nepal and India claim to be part of their country. The dispute is about who has the right to control these lands.
Lipulekh, Limpiyadhura, and Kalapani
These are regions located at the border between India and Nepal. Both countries claim these areas as their own, leading to a dispute.
Tri-junction
A tri-junction is a point where the borders of three regions or countries meet. In this case, it's where India, Tibet (part of China), and Nepal meet.
9 million USD
This is the amount of money, in US dollars, that the contract for printing the notes is worth. It is a large sum, equivalent to about 75 crore Indian rupees.
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