The Nepalese rupee is the official currency of the Federal Democratic Republic of Nepal since 1932, when it replaced the Nepalese mohar. The official currency symbol: रु. In 1955, a 4 paisa coin was minted; this coin had a particular condition, as it had been made with rifle cartridges from the Second World War. The cartridge primer was removed, and the bullets turned into commemorative coins honoring the Gurkha soldiers who fought against the Imperial Japanese in the Pacific. These coins were only in production for one year because the number of cartridges found did not allow for further production. This currency is known as “Nepal Bullet Paisa. Nowadays, the issuance of the currency is the responsibility of the Nepal Rastra Bank (central bank of Nepal) and are coins circulating in denominations of 1, 5, 10, 25, and 50 paisa, and 1, 2, 5, and 10 rupees.
The 1 Nepalese rupee coin front design features Mount Everest (Sagarmatha, name in the Nepali language), which is the highest mountain on Earth above sea level, located in the Himalayas, the border between China and Nepal, and the issue date in the Hamro Nepali Calendar. The lettering on this side of the note is presented in the Nepali language. The reverse of the coin shows a sketch of the Nepal Map on the Himalayas range and the denomination. The lettering in the coin is presented in the Nepali and English languages. This coin is part of the 2007 – 2009 (2064 – 2066) series, its rim is plain, and its color is gold.
Text: Sagarmatha, 2066, Nepal 1 Rupee, Nepal Re. 1.