Kathmandu. Nepal Rastra Bank is going to print 230 million new notes of 500 denomination. The central bank issued a notice today (Sunday) inviting international bids for printing new 500 denomination notes.
The Rastra Bank said that it is going to print new 500 denomination notes to bring them into circulation. The Rastra Bank has invited suppliers interested in printing the new notes to submit confidential sealed bids. The National Bank has stated that interested suppliers can submit bids during office hours until May 3.
The National Bank has stated that the cost of each bid will be 20 thousand rupees or 144 US dollars, 133 euros or 112 pounds sterling.
The National Bank has already selected 6 foreign companies under prequalification to print the notes. The National Bank has stated that the 6 companies that have been included in these prequalifications can submit bids to the National Bank to print the banknotes. Among these, the Rastra Bank will award the banknote printing contract to the company that submits a proposal to print banknotes at the lowest cost.
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