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
Others |Jun 11, 2020
The worldwide lockdown meant that people like myself who had been working in the tourism sector had no work to do and were forced to stay at home. The lockdown brought an abrupt halt to the daily lives of many people.
Nepal |Dec 18, 2021
One of the most popular trails in Nepal, the trek to Everest Base Camp, is rarely without visitors.
Nepal |May 2, 2022
A Festival for Rice planting – is the day of a climax of rice planting. Ropain Festival, also known as Asar 15, is celebrated mostly by farmers from all regions of Nepal – to mark the day of planting new seedlings of rice crop of the year.
Nepal |Sep 12, 2018
Tourism is a powerful, and often, underused tool. It has the potential to ignite change and uplift communities that have traditionally lacked the resources to operate sustainably.
Trekking |Dec 17, 2021
Women empowerment is a long way to go in Nepal. However, companies like Royal Mountain Group are taking leaps that may seem small, but go miles for the women who work there.
Culture & Festivals |Jan 4, 2013
Newars, the inhabitants of Kathmandu Valley, are a sociable lot, and they are always on the lookout for the slightest excuse to have a bhoye (feast).
Nepal |Dec 26, 2012
Once practiced in secret, the Charya Nritya (dance as a spiritual discipline) is a Buddhist ritual dance.
Nepal |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.
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.
Nepal |Nov 30, 2021
We conducted a Photography session by Mr. Sudan Budathoki, for our colleagues (Royal Mountain Travel and Community Homestay Network) on October 27th, followed by a challenge in which the participants were divided into 6 teams and were assigned to submit 12 best shots and tell a story on different themes.
TIbet |May 31, 2013
It is the center of the world, according to ancient texts. Four of the world’s mightiest rivers, Indus (also known as Sindhu in India),
Nepal |Jan 14, 2013
Various ethnicities with different cultures inhabit the Terai (plains) of Nepal. While many festivals of Hindus are similar to other regions of the country, the Terai people do have some festivals that are unique which naturally means that there are a number of unique dances.