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100 Rupees

Issuer Nepal Rastra Bank
Year 1968
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Value 100 Rupees
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Obverse description Portrait of King Mahendra at left within an oval vignette, with a watermark window to the right of the portrait; the Pashupatinath Temple rendered in fine intaglio at centre, set against a guilloche underprint. Bank name and denomination appear in Devanagari script, with the royal crown watermark area framed by ornamental borders.
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Reverse lettering रुपैयाँ एक शय
RUPEES ONE HUNDRED
100
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Comments

Nepal Rastra Bank was established in 1956 to replace the Nepal Bank Limited as the sole currency authority, and early De La Rue printings like this 1968 issue represent the bank's first mature generation of notes — produced entirely abroad because domestic printing infrastructure didn't yet exist. The relationship with Thomas De La Rue was characteristic of newly independent or reorganizing central banks across Asia during this period, who contracted London printers almost by default.

P#15 is part of a short-lived series superseded relatively quickly as Nepal revised its note designs through the early 1970s, making surviving circulated examples somewhat harder to locate than their print runs would suggest.

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