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10 Mohru

Issuer Nepal Government
Year 1945-1951
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Reference(s) P#3
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Protection type Watermark
Protection description Watermark portrait of King Tribhuwan in plumed crown, visible in the dedicated watermark window at left of obverse.
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Comments

Nepal's first government-issued paper currency series, of which this 10 Mohru is part, broke with centuries of exclusively metallic coinage in the kingdom. The notes were issued under the Rana prime ministerial regime, which effectively controlled the state throughout this period, and circulated before the establishment of Nepal Rastra Bank in 1956 — meaning there was no central bank overseeing issuance, just direct government authority.

The Mohru denomination itself reflects transitional monetary terminology: the unit was soon standardized into the Rupee system as the kingdom modernized its financial institutions in the 1950s. Notes from this series rarely survived heavy circulation in good condition owing to the kingdom's predominantly rural, subsistence economy and limited banking infrastructure at the time.

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