1 Rupee - Gyanendra bir Bikram

Gyanendra's second reign — the one this coin belongs to — was already under terminal pressure by 2005. He had dismissed the elected government in February of that year and assumed direct executive control, a move that accelerated the Maoist insurgency rather than containing it. Within months, the political parties and the Maoists had signed a twelve-point agreement effectively uniting against the monarchy. The coin entered circulation into an economy strained by a decade of civil conflict that had claimed over 13,000 lives.

By 2008, the Shah dynasty was abolished entirely, ending 240 years of continuous monarchical rule in Nepal.