NRB issuing 700 million coins of denominations Re 1 and Rs 2
Summary
Nepal Rastra Bank has invited global tenders to design, mint and transport 700 million coins of Re 1 and Rs 2 denominations. The bank will issue 400 million Re 1 coins and 300 million Rs 2 coins, with blacklisted entities barred from bidding.
Key Points
- Nepal Rastra Bank has called for international bids to design, mint and transport Re 1 and Rs 2 coins.
- The plan includes 400 million coins of Re 1 denomination and 300 million coins of Rs 2 denomination.
- Companies blacklisted under the Public Procurement Act 2006, and firms linked to their directors, are not eligible to participate.
