In the demonstration on August 24th, there are rumors on social media that money was burnt in the houses of former prime ministers Sher Bahadur Deuba and Pushpa Kamal Dahal and former minister Deepak Khadka. Many notes were found burnt in the fire. It is not sure how many notes were burnt due to the incidents of arson that day across the country including the capital.

However, do the notes found in burnt condition work or not? And what is the damage to the state? This may be of interest to you as well. We have tried to find answers to your queries here.

In the arson and vandalism carried out during the August 23 and 24 protests, notes were found burnt and torn in some houses, what is the damage to the state?

Directly looking at the state does not show any loss. Because that money belongs to the person or organization, the biggest loss is to him. However, indirectly, its impact reaches the state level through the National Bank. Because it is money that is in circulation in citizens' homes. In circulation means the money sent by the National Bank to the market as per the requirement. When that money is burned or destroyed for some reason, there is a shortage of money in the market. The National Bank should print the shortfall money and send it to the market. Printing money costs a lot of money. That is the money we citizens pay through taxes. 

What is currency, how much money is there in the market?

Rashtra Bank's job is to protect and manage printing money in Nepal. Rastra Bank has assessed all the conditions and printed many notes. However, not all the printed notes are sent to the market at once. Looking at the size of the country's economy, economic activities, the National Bank assesses how much money is needed in the market. And accordingly, only the required amount is sent to the market through banks and financial institutions. The money sent to the market in this way is called currency in circulation. Till the end of last July, 6 trillion 55 billion 99 crore rupees are in circulation in the market. This count also includes notes that are said to have been burnt or torn in agitation. If such a large number of notes are destroyed, then the National Bank should reprint the same amount of notes. That is the state's loss. 

How money is printed, how much does it cost?

The National Bank has issued guidelines for currency printing and coin minting in Nepal. Based on that, notes and coins have been printed. Even though there is no definite decision on where to print the notes and coins, the printing company should be chosen after an international call. Since there is no international level printing company in Nepal, the National Bank has been printing currency abroad. According to the rate and time of the

note, its printing cost also varies. The last time the notes were printed, for the rate of 5 rupees, each note was Rs. It costs Rs 1.68 and Rs 3.37 for one thousand. Similarly, Rs 10 per note costs Rs 1.40, Rs 20 per note costs Rs 1.73, Rs 50 per note costs Rs 2.67, Rs 100 per note costs Rs 2.99, and Rs 500 per note costs Rs 4.68. However, this rate does not last forever. Which company is chosen while talking to print the note and how much amount is coded by it. Based on that too, the cost of notes may decrease.

Money can't be printed in Nepal?

There is no legal provision that money should be printed abroad. However, when choosing a printing company to print money, there is a legal system that calls for dialogue internationally. In the international bidding process, the company that offers the best facilities at the cheapest rate is selected. However, till now there is no printing company to print money in Nepal. Because of this, in all Bolkabol, notes are printed by choosing a company through competition among foreign companies.

Nepali money is printed in which country?

is printed in the country of which the company is selected in the language. In recent years, many Chinese companies have been chosen in Bolakbol. However, companies from Poland, UK, France and other countries have also printed Nepali money.

When was the Nepali currency printed?

Metal coins are believed to have started in Nepal during the reign of Lichchavi King Mandev. There is a history of currency such as Mananka, Guanka, Anshubarma, Vaishravana, Pashupati, Jishnugupta, Vrisha etc. being in vogue during Lichchavikal period. Then, through the Malla period to the Shah period, notes and coins have been developing.

In 1989 Taksar was established and modern coins were issued and Istihar was issued on October 1, 2001. Paper currency came into circulation in Nepal. Such paper currency were of 100, 10, 5 morukas and were signed by Pandit Janakraj Pandey, the first treasurer. After that two treasurers Pandit Bharatraj Pandey and Pandit Narendraraj Pandey signed Moru Nai notes. These notes were issued from Sadar Mulukikhana. Nepal Rastra Bank was established as a central bank on 15 May 2013. From February 7, 2016, issuance of paper notes through the Central Bank has started under the signature of Himalaya Shamsher Jabara.

What rate notes are currently printed in Nepal?

So far 11 rate notes have been issued in Nepal. In the past, notes of Rs 1, 2, 5, 10, 20, 25, 50, 100, 250, 500, 1000 were issued. Currently 1, 2, 25, 250 rupee notes are not printed. Only 5, 10, 20, 50, 100, 500 and 1000 rupee notes are being issued. Only 1 and 2 rupee coins are printed.