Nepal's Department of Printing has already prepared and submitted a three-year interim plan with the target of printing paper currency notes in Nepal within the next seven years, local newspaper The Rising Nepal reported Monday.

The majority of the works related to security printing are carried outside Nepal as a result of lack of skilled human resource, modern technology and necessary act and regulations.

Nepal has been loosing 6 billion Nepali rupees (around 91.6 million U.S. dollars) every year as a result of the existing trend of carrying out the security printing abroad, mostly in India.

"The Communications Policy-2002 had accorded a high priority to the Department of Printing but nothing happens in the implementation part", says Acting Director of the Department, Kedar Bahadur Bogati.

Bogati is of the view that the foreign exchange reserve and exports could be increased and the problem of unemployment resolved to a large extent if the department was moved ahead with a new development.

The Department of Printing has been printing all important and confidential documents of offices under the government. The department has also been printing bank checks, visa sticker, hologram, foreign employment permission, passport, ballot paper, question paper, SIM card and recharge card, license for weapons and air tickets.

Source: Xinhua