1 Mohru

Nepal's first government-issued banknotes, this series displaced the coins and hundis that had dominated domestic exchange for generations. The Mohru denomination itself derives from the old silver mohar, a unit with roots in the Malla period — the paper note was essentially borrowing legitimacy from a currency tradition several centuries older than it.

Printed by the Security Printing Works in Nasik, India, while Nepal had no domestic printing capability of its own. The reliance on Indian facilities was a practical necessity, though it sat uneasily with a government asserting its independence from the 1950 treaty arrangements with Delhi.