Nepal orders more polymer bank notes from Australia

By Keith Gardner, Ambassador to Nepal

Published on the Australian Department of Foreign Affairs and Trade's website

18.02.04

Nepal Rastra Bank, the country's central bank, has signed a contract with Note Printing Australia (NPA), a subsidiary of the Reserve Bank of Australia, to supply 50 million polymer ten rupee banknotes. The order, worth some AUD 4 million, follows an order won by NPA in 2002 to supply an initial 50 million polymer ten rupee notes. In circulation for over a year, the notes were a first for Nepal. The polymer notes have been well received and NPA hopes that the Nepal Rastra Bank will "polymerise" other denominations soon.