Indian Finance Ministry rejects claim China contracted to print Indian currencies; SCMP report claims China prints currency for seven countries including Sri Lanka

The Indian Finance Ministry on Monday rejected media reports claiming that China is printing currencies for India among other countries, DNA India reported.. According to a report by the South China Morning Post, China is printing currencies for several countries, including  Sri Lanka, Bangladesh, Malaysia, Nepal and Brazil.

Liu Guisheng, Chairman of China Banknote Printing and Minting Corporation, wrote in an article in May in China Finance, a bi-monthly journal run by China's central bank, that China obtained the first international commercial order for printing money from Nepal in 2015. 

Quoting Liu Guisheng, the SCMP reported that the company had “seized the opportunities" brought by the belt and road initiative and “successfully won contracts for currency production projects in a number of countries including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil and Poland.”