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1 Mohru

Issuer Nepal Rastra Bank
Year 1960
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Composition Cotton paper
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Reverse description The reverse, printed in rose-pink and green, presents a large oval watermark window at left and a central vignette of a Kalash — the sacred ritual vase — surmounted by a lotus blossom and crescent finial, set against a green mountain and foliage underprint. At right, a circular coin-reverse vignette bearing Devanagari inscriptions is printed in rose, while the Nepal Rastra Bank seal appears at bottom centre flanked by the denomination expressed as 'Re. 1' in Roman script at lower left and Devanagari numeral '१' with the word 'मारू' at lower right.
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Protection type Watermark
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Comments

Nepal's first series of Rastra Bank notes replaced the Mohru notes previously issued under the older currency arrangements, and the P#8 sits early in that transition — the Rastra Bank having been established only in 1956. The 1960 dating places this squarely in the opening years of institutional central banking for Nepal, when the new bank was still consolidating monetary authority away from the Kathmandu merchant banking networks that had long handled much of the kingdom's paper currency.

The watermark is the sole mechanical security feature on this issue, which was not unusual for small-denomination notes of the period from this region. Cotton substrate was standard for South Asian note production at the time, giving surviving examples a characteristic feel that distinguishes them from the wood-pulp issues that followed in later decades.

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