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Kathmandu, March 8
Nepal is preparing to import a security printing press by mid-July this year, inform concerned officials.
The government plans to print postal stamps, excise duty stickers, and academic credentials with the machine.
The government has estimated the machine will cost Rs 800 million, but importing it can save Rs 9 billion every year, informs Bikal Paudel, the executive director of the Security Printing Centre.
“Once the machine is imported, it will take around one year to install and prepare for the operation. We will prepare the IT Park in Banepa to install this machine.”
Paudel assures there will not be any human resource crisis to operate the machine.
₹50, ₹500 notes now cheaper to print; ₹10, ₹20, ₹100 pricier
March 09, 2021
The cost of printing currency notes in the denomination of ₹50 and ₹500 has come down, while it has gone up for ₹10, ₹20 and ₹100 notes.
According to the information given by the Currency Note Press (a unit of Security Printing and Minting Corporation of India Limited) to an RTI (Right to Information) filed by this correspondent, the standard cost of printing one currency note in the denomination of ₹50 was ₹1.24 in 2018-19, which came down to ₹1.22 in 2019-20. Similarly, the cost of printing one ₹500 note dropped to ₹2.65 from ₹2.71. The cost of printing of each unit of ₹200 in 2018-19 was ₹2.48. However, no cost price was given for FY20. No indent was placed for printing ₹2,000 note in FY20.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Worldwide Security Printing Industry to 2026 - Banknotes Hold a Significant Share in the Market - ResearchAndMarkets.com
February 15, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 15, 2021
The Security Printing Market was valued at USD 29.78 billion at a CAGR of over 4.5% during the forecast period, 2021 - 2026.
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Royal Mint (Fabrica Nacional de Moneda y Timbre)
Giesecke+Devrient Currency Technology GmbH
Orell Fussli Security Printing
Banknotes Holds the Significant Share in The Market
Due to the increase in both domestic and international polymer counterfeiting globally, it stands as a major factor in the decision by the Bank to begin upgrading banknotes. The substrate of most banknotes is made of paper, almost always from cotton fibers for strength and durability. In some cases, linen or specialty coloured or forensic fibers are added to give the paper added individuality and
Banknotes Holds the Significant Share in The Market
Due to the increase in both domestic and international polymer counterfeiting globally, it stands as a major factor in the decision by the Bank to begin upgrading banknotes. The substrate of most banknotes is made of paper, almost always from cotton fibers for strength and durability. In some cases, linen or specialty coloured or forensic fibers are added to give the paper added individuality and protect against counterfeiting.
Various new techniques related to security features are being innovated to enhance the security of banknotes. For instance, in Oct 2019, Nanotech Security Corp. launched its KolourDepth banknote security feature. KolourDepth combines 3D, multi-color, and movement for inherent authentication and unparalleled currency security which are all in one design. With a combination of unique visual design options, proprietary algorithms, and specialized manufacturing techniques, KolourDepth delivers effortless authen