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Plastic, not paper

Qeok Yii Shing


After years of lobbying to introduce its new note-printing technology in Nepal, Note Printing Australia has clinched a deal worth A$3 million to print the first Rs 50 million batch of polymer notes of the Rs 10 denomination ("The pros of plastic," #54). Nepal's first plastic notes are expected to arrive sometime during Dasain, when the demand for money in smaller denominations, including tens, soars. The central bank says it is also planning to gradually replace with coins Rs 1, 2 and 5 paper notes, which have a life of less than six months or less.



LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


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