The E-Sylum:  Volume 10, Number 36, September 10, 2007, Article 17

NEPAL TO REMOVE LAST VESTIGES OF KING FROM COINS

Dick Johnson forwarded this article about changes to the coinage
of Nepal:

"With most of his palaces nationalised and his executive powers
slashed, King Gyanendra's name and his royal symbols have now
been erased from Nepal's new coins. In an unprecedented move, the
Nepal Rastra Bank released new coins of two rupees denomination
yesterday without the King's name and royal symbols.

"'The coin can be regarded as the new coin of the new Nepal,' a
central bank official said. Altogether 100 million units of the
coins have been circulated in the market. Similarly, the central
bank has also completed the design of coins of one rupee
denomination. Nepal's map and Mt Everest are depicted on the
front side and flip side of the coin respectively. The new one
rupee coins would be circulated in the market in the next few
months, the bank official was quoted as saying by the Kantipur
online."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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