Nepali banknotes // Currency of Nepal Nepalese banknotes. Currency of Nepal source: google-wikipedia Between 1945 and 2007 Nepalese banknotes were issued with the portraits of four different kings. Starting in October 2007 the king’s portrait was replaced by Mount Everest on all notes which have been issued since.1945 - 1955 The early banknotes which were issued between 1945 and 1955 during the rule of King Tribhuvan were not put into circulation by a Central Bank which did not exist in Nepal at that time. The issuing authority was the treasury which had the name Sadar Muluki Khana. Therefore, the notes of king Tribhuvan were not signed by a bank governor, but by a Kajanchi (head of the treasury) who was a high Hindu priest in the same time. Nepal’s early paper currency probably includes the only notes of the world which were signed by a high priest. These early notes were printed by the Indian Security Press in Nashik and do not have any security features, except for the water marks and the special paper on which they are printed. 1955 - 1972 Starting with King Mahendra who succeeded to his father Tribhuvan in 1955, the banknotes were issued by Nepal Rastra Bank (Nepal National Bank) which was founded in April 1956. The signature of the governors of this institution is found on the banknotes which were issued after this date. Under king Mahendra the Nepalese Government became “His Majesty’s Government” (expressed by "shri 5 ko sarakar" which literally means “the government of the five times honoured”) and remained this way during the rule of Birendra and Gyanendra. Two series of banknotes were issued during the rule of king Mahendra: The first series shows the king in civilian clothes wearing the Nepalese “topi” while on the notes of the second series the king is shown in military uniform. The second series comprised for the first time notes of the high value of 500 and 1000 rupees. 1972 - 2001 During King Birendra’s rule one can also distinguish between two major series of banknotes. The first series features the king wearing military uniform while on the notes of the second series the king is wearing the traditional Nepalese crown adorned with feathers of the bird of paradise. During this period regular banknotes of 2 and 20 rupees and special banknotes of 25 and 250 rupees were issued for the first time. 2001 - 2007 The banknotes issued during this period have the same basic design as those of King Birendra whose portrait was simply replaced by that of his younger brother and successor Gyanendra. The low values of 1 and 2 rupees, and the special values of 25 and 250 rupees were not issued any more. The legends found on the last issues of Gyanendra revert to Nepal sarakar (“Nepalese Government”), thus omitting the reference to the king. 2007/2008 In October 2007, a 500 rupee note was issued on which the king’s portrait was replaced by Mt. Everest. This reflects the historical change from kingdom to republic which took place in May 2008 in Nepal. Further notes of 5, 10, 20, 50, 100 and 1000 rupees with Mt. Everest and without reference to the king in their legends followed in 2008. The first issues of the 500 and 1000 rupee notes were printed on paper which still had the king's crowned portrait as watermark in the "window" on the right part of the face of the notes. It was decided to print a red Rhododendron flower (Nepal's national flower) on top of the watermark. Notes of these denominations which were issued in 2009 and thereafter are printed on paper which has a Rhododenron flower as watermark instead of the royal portrait and were therefore released without the additional overprint in red. 2012/2013 In 2012, Nepal Rastra Bank issued a revised banknote series that are similar to the 2007 series, but now include inscriptions in English and the date of issue on the back. history of nepal ancient history of nepal history of nepal king political history of nepal history of nepal in nepali language history of nepal pdf history of nepal earthquake brief history of nepal nepal currency notes pictures nepali 1000 rupee note nepal 100 rupee note who introduced paper note in nepal nepali rupees photo nepali 500 rupees nepali rupees vs indian rupees nepal currency coins nepali 1000 rupee note nepal 100 rupee note nepali 500 rupees nepali rupees photo nepali rupees vs indian rupees who introduced paper note in nepal nepal currency coins nepali 250 rupees
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