The President of the China Banknote Printing and Minting Corporation (CBPMC) told the South China Morning Post that China had recently started printing of the currency notes of the other Countries in the world.
In 2015, China started printing of the note of 100 Nepalese rupees for Nepal.
After that, CBPMC signed the agreements with several countries including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil, and Poland.
As per the report by South China Morning Post, this could be the tip of the iceberg, as the number of the countries which China has signed agreements with can actually be much more than this.
Several governments have requested the China government to keep this agreement confidential and secret because this type of information can damage the national security as well as can trigger an unnecessary debate in the country.
However, the government of India had denied all the reports of the agreement which has allegedly been signed between China and India regarding the printing of the Indian currency notes in China.
Given our tension with China, handing over contracts pertaining to currency process to Chinese firms is a serious breach of national security.#ChinaPrintingRupee
— Varun Hari Prasad (@VarunHariPrasad) August 13, 2018
— Vinay Kumar Dokania (@VinayDokania) August 13, 2018
The government declared all the news circulating on the social media as ‘baseless’.
An official of the Department of Economy told the Asian News International (ANI) that all the news, regarding Indian currency notes printing in China, are fake and all the reports are baseless. “The Indian currency notes are been printed within the country and will be in the future as well,” he added.
Shashi Tharoor, the member of the Indian Parliament is one of the people who are seeking the government’s clarification over the issue.
He said: “If true, this has disturbing national security implications. Not to mention making it easier for Pak to counterfeit. @PiyushGoyal @arunjaitley please clarify!”
— Shashi Tharoor (@ShashiTharoor) August 12, 2018
The China Banknote Printing and Minting Corporation claimed that it is the largest company in the world which prints currency notes for the other countries in the world.