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.
Malla’s are also known for renovating some of the Kathmandu’s popular temples and monuments. Click here to view them.
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.
The old palace of Prithivi Narayan Shah is till in Kathmandu and popularly known as kathmandu Durbar (palace) Square. See how it looks like
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 |Apr 30, 2023
What is it about the Kathmandu valley that makes it an ideal place for cycling tours? There are many in fact. First, it’s the diverse nature of the terrain, one that is just right for mountain biking.
Nepal |Aug 3, 2015
For years, Nepal has played friendly host to tourist, trekkers and mountaineers without shying away from opening new trails and routes to scenic destinations for the world!
Tours |Apr 10, 2015
My second week in Kathmandu; My early steps as a tour guide though not to far from Kathmandu, I went to pickup new travelers from Finland at the Airport. There, I met Hanna, my teacher who is traveling in Nepal at the moment.
Nepal |Feb 13, 2015
The Upper Mustang trek is an outstanding USP of Nepal. Every country has certain USPs (unique selling points) that go towards making their country a favored tourism destination, and the Upper Mustang trek of Nepal is definitely one such USP.
Trekking |May 26, 2023
Most tourists visiting Nepal will make sure they spend a couple of days in Pokhara. Many will surely extend their stay to take a sojourn around the region, since Pokhara is a sort of gateway to many attractive trekking destinations.
Culture & Festivals |Jan 7, 2013
It is not that the chariot is not strongly built. The foundations are as solid as people’s faith on Matsyendranath’s power to bring down refreshing rain on the parched valley during the scorching summer months.
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.
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.
Nepal |Mar 29, 2022
There are easy, one day hikes in the Kathmandu Valley or epic Trans Himalaya treks that take several months. But for those who don’t want to go trekking, there are a lot of other things to do.
Trekking |Oct 22, 2015
When is the best time to go trekking in Nepal? This is a question often asked by people planning to go on a Nepal tour.
New Itineraries |Oct 13, 2014
The Panch Pokhari (Five Ponds) Path is a new trekking area in Nepal. Panch Pokhari (4,100 m) is located northeast of Kathmandu at the base of the Jugal Himal.