Top 5 facts you might not know about Nepali currency

The Nepalese rupee is the official currency of Nepal. Nepalese rupee was introduced in 1932 and it replaced the Nepalese mohar at 2:1. Nepalese rupee is subdivided into 100 paisa. The issuance of the currency is controlled by the Nepal Rastra Bank. The Nepalese rupee is currently pegged to the Indian rupee at 1.6:1. In this post we are going to show you 5 facts about Nepali currency that you didn't know.

5. Mohru, the other name of Rupee

Silver Mohar coins were considered as the currency in ancient Nepali  kingdom. The rupee was introduced later in 1932, replacing the  silver Mohar  at a rate of 2 Mohar = 1 Rupee. On 17 September 1945, the government introduced first paper money notes of 5, 10 and 100 rupees, but in those money notes instead of Nepali rupee, Mohru was written. Because at that time Nepali rupee was called Mohru . The tradition of writing rupee in Nepali note started from later notes of Mahendra and till now rupee is written instead of Mohru in Nepali note. 

4. Blind-friendly banknotes

Nepal Rastra Bank has issued 100, 500 and 1000 rupees bank notes with a feature which allows visually impaired people to recognize them. The new banknotes has raised black dot which visually impaired people can feel with their fingers and recognize them. They differentiate it with the help of numbers of dot in the money note because each of them have got different numbers of them. 100 rupees has 1 dot, whereas 500 rupees has 2 dots, and 1000 has 3 dots. This was the first time that Nepali paper money has been specially designed for visually impaired people.

3. Sign of a Hindu priest in Nepali banknotes

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 named Sadar Muluki Khana. Therefore, the notes of king Tribhuvan were not signed by a bank governor, but by a Kajanchi who was a high Hindu priest at that time.

2. Extinction of Nepali banknotes

The Nepali banknotes of rupees 25 and 250 are very rarely used bank note and are very difficult to find now days. Some Nepali even don’t know that the note of rupees 25 and 250exists. These bank note were first issued During the rule of King Birendra. Banks have removed the 250 notes from the list of banknote from the deposit form which means you can’t deposit 250 rupees note into the bank. One day in future, we Nepali may forget that these notes also exist 

1. Lord Buddha in Nepali money notes

After the removal of king’s rule in Nepal, Nepali government decided to remove the photo of king and replace it with other photo. The government had thought to replace the picture of king with the photo of Lord Buddha and Princess Sita who are revered in Buddhist and Hindu mythology. But the followers of Buddhism didn’t liked that idea of Nepal government. Due to this reason the photo of Mount Everest is used instead of LordBuddha and princess Sita. If the followers were ready to see Buddha’s photo in the Nepali currency, today there would be photo of lord Buddha and Sita in the Nepali banknote

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