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.”
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Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
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President Ranil Wickremesinghe today inaugurated the open cycle phase of the “Sobadhanavi” 350 MW Combined Cycle Power Plant in Kerawalapitiya, the President’s Media Division (PMD) said.
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