Excavations in Tilaurkot during the period of 1967-1976, revealed that the earliest coins recorded in Nepal are ‘kushan’, ‘kaniksha’ and ‘havisha’ coins (1st century) and the ‘punch marked’ coins (6th and 5th century B.C.). King Mandeva’s rule in the 5th century gave birth to the Licchavi coins. It was during the Malla period that more systemization was brought in monetary terms. Coins were then issued in denominations of 2 mohur (equivalent to one rupee), 1 mohur (50 paisa), one and a half sukka (36 paisa), sukka (25 paisa), sukki, or ‘tinnani’, (12 paisa), anni (6 paisa), adhani (3 paisa), paisa (1 paisa), and dam (1/4 paisa).
In 1545, Dolkha King Indrasinga Deva minted the first silver coins with the rupee coin weighing in at 11.6 gm (1 tola). During Mahendra Malla’s rule, the first silver coins were minted in the Valley with each 1 tola coin being called a Mahendra Malli. The ‘windblown type’ silver coin called ‘Fukadam’ (‘Chundam’ in Newari) was made during Jayaprakash Malla’s reign in Kantipur. Guinness Book of Records has reportedly listed it as the world’s smallest coin.
During Prithivi Narayan’s reign, in 1754, the first Shah Dynasty coins were minted and the first silver ‘mohur’ coins were minted. During Mathasingh’s brief reign, (a Khasiya king of western Nepal who attacked the valley in 1328), while mostly noble and base metals like gold, silver, copper, nickel, brass and aluminum were used to make coins, coins made of clay were also issued. Such clay coins were given as tokens to laborers who having collected a certain number could then exchange them for real coins.
At one point in the country’s history, leather coins, rumored to be made by ‘Sarki’ (a clan that traditionally worked in leather) kings, were also used. During the 1640s, Nepali coins were used freely in Tibet. One such coin was known as ’15 karma’. It could be fragmented to get smaller denominations called ‘chotangs’. The coins had a design of eight petals and so, fragmentation was based on the number of petals. For instance, 5 petals equaled 10 karma, 4 petals, 7 and a half karma and 3 petals, 5 karma. From the Licchavi period to until 1945, denominations and rates of coins were determined by weight of the metal used. It was in October, 1945, that paper money was first introduced here, when Rs.5, Rs.10 and Rs.100 bank notes were issued. Banknotes were known as ‘mohru’ until 1956.
Some of our best packages that shows the culture and beauty of Nepal
Nepal |Sep 16, 2019
Nepal’s celebration of Holi is a colorful festival that is open to all, locals and visitors alike.
Community Homestays in Nepal |Feb 3, 2019
There are numerous factors for an unforgettable travel experience and most of these are unique to each traveller.
Nepal |Sep 18, 2022
Participating in any of festivals in Nepal is an engaging way to learn about the culture and religions, as well as to meet local people. They often bring people out to public spaces for celebrations and include feasts and special foods, as well as important traditional ceremonies.
Culture & Festivals |May 3, 2017
Every year Panauti celebrates the Navadurga Jatra, the festival of Nine Durgas, which falls – normally – during the end of April or beginning of May.
Tours |Jun 30, 2015
Bruised blue clouds have mounted the sky, intermingling with the lush green hills on the horizon. Big drops of rain are violently hitting the earth, taking down the dust, and driving it back to its source.
Nepal |Jun 1, 2015
The news of the earthquake on April 25 shook me terribly, despite being thousands of kilometers away; dreadful photographs and fearful numbers of the consequences did tear down my soul apart.
Nepal |Aug 3, 2020
Today ( 03 August 2020 ) we are enjoying “ kwati” at our house, with our family. “Kwati” is one of the traditional Newari soups which is prepared by indigenous Newari people living in the valley on the occasion of Guni Punhi festival.
Community Homestays in Nepal |Mar 30, 2015
Staying in the homes of local people rather than with other travelers can provide a much more authentic cultural experience. Staying in a family home stay can present a chance to experience everyday life in the new place.
Adventure Sports |Oct 1, 2018
It’s no secret that Nepal is a country famous for its mountain range, the Himalayas. After all, 8 of the world’s tallest peaks lies in Nepal, paving a way for world-class hiking and picturesque treks from the Annapurna Circuit to the Everest Base Camp trek.
Others |Jan 1, 2019
Nepal is a country of nuances – just when you think you know it all, it surprises you. From the underrated wildlife to the incredible concentration of UNESCO World Heritage Sites in Kathmandu
Nepal |Jun 3, 2015
Things have quickly returned to normal in Kathmandu. This is more than evident from the attendance in offices, the queues for driving license, passport, etc., the usual traffic jams and slowdowns in many places, and most of all, in the large number of school buses plying the streets from dawn to dusk.