The Reason Behind Nepal’s Shift to Chinese Banknotes Instead of Indian Ones
Nepal’s Central Bank Contracts Chinese Firm for Currency Printing Nepal Rastra Bank (NRB), the central banking authority of Nepal, recently issued a letter of intent to China Banknote Printing and Minting Corporation (CBPMC) to design, print, and supply 430 million 1,000 rupee notes. This project will cost around $16.985 million, and the NRB noted that […]
Nepal’s Gen Z protests result in 19 deaths, demonstrators set fire to parliament and houses.
Violent Protests Erupt in Nepal On Tuesday, widespread protests against the Nepalese government escalated into violence, resulting in at least 19 fatalities and hundreds injured, according to reports. Demonstrators, particularly young members of Gen Z, attacked government buildings and demanded the resignation of Prime Minister Sharma Oli in Kathmandu. Local media sources indicated that the […]
Nepal’s Prime Minister resigns after demonstrators set fire to homes of political leaders, resulting in 19 deaths.
Turmoil in Nepal: Prime Minister Resigns Amid Protests Nepal’s Prime Minister has stepped down following intense protests, which escalated into violence, including the burning of homes belonging to prominent political figures. This unrest primarily stemmed from public frustration over a government ban related to social media and issues of corruption. Khadga Prasad Oli’s resignation occurred […]