Why are notes of many countries of the world printed in China? Many names including Thailand, Nepal, Sri Lanka, Poland are included, the largest printing setup has been set up

There are many countries in the world which get their currency printed in some other country. There are many countries which print other’s currency. The special thing is that China is at the forefront of all this. That means China is the only country in the world that prints the most currency. That too of other countries and there are many countries in the queue to print currency. These include Poland, Nepal, Sri Lanka, Bangladesh. This is the reason why China is trying to increase its influence in the global economy by printing the currency of many countries. On one hand, he is earning huge income from this. On the other hand, its own economy is getting stronger. Liu Guisheng, chairman of China Banknote Printing and Minting Corporation, wrote in an article in May in China Finance, a bi-monthly magazine run by China’s central bank, that China received its first international commercial order to print money from Nepal in 2015.

Liu said the state-owned company won the bid for Rs 100, Rs 1,000 and Rs 5 denominations from Nepal. Liu explains that the company has since taken advantage of the opportunities brought by the initiative and “successfully secured contracts for currency generation projects in several countries”, including Thailand, Bangladesh, Sri Lanka, Malaysia, Brazil and Poland. According to the report, China Banknote Printing and Minting Corporation has confirmed that currency production plants across the country are running at almost full capacity to meet unusually high quotas set by the government this year. It said most The demand comes from participants in the ‘Belt and Road Initiative’ (BRI). It said Chinese yuan bills only make up a small portion of orders as most Chinese have now become accustomed to mobile or digital payments.

BRI focuses on improving connectivity and cooperation between Asian countries, Africa, China and Europe. China says more than 60 countries have signed up for BRI investment. The BRI includes the China-Pakistan Economic Corridor (CPEC), which India has objected to because it passes through Pakistan-occupied Kashmir (PoK).

‘China Banknote Printing and Minting Corporation’, headquartered in Beijing, describes itself as the world’s largest money printer in terms of scale. With more than 18,000 employees, it runs more than 10 tightly guarded facilities for the production of paper notes and coins, the newspaper said. The country’s largest currency paper mill in Baoding, Hebei province, sprang into action with the sudden arrival of “large orders”, according to an employee working at Factory 604, a subsidiary of the corporation.