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. The first banknotes were issued between 1945 and 1955. At that time, Nepal did not have a central bank; the issue was given under the reign of King Tribhuvan and signed by the Kajanchi, who played the role of Head of the Treasury and the Hindu priest. The notes were introduced in denominations of 5, 10, and 100 rupees, followed by 25 and 250 commemoratives rupees in 1997. Nowadays, the issuance of the currency is the responsibility of the Nepal Rastra Bank (central bank of Nepal) and are banknotes circulating in denominations of 5, 10, 20, 50, 100, 500, and 1000 rupees.
The 500 Nepalese rupees note front design presents two scenes; the first shows a view of Mount Everest, which is the highest mountain on Earth above sea level, located in the Himalayas, on the border between China and Nepal, the second illustrates an oval-shaped seal containing the god Indra (ancient Vedic deity in Hinduism), Mount Amadablam in the Himalayas and the Thyangboche monastery located in the village of Tengboche in Khumjung (Khumbu region), which is a monastery Tibetan Buddhist from the Sherpa community. The design is completed with the reverse of a Nepalese coin bearing the inscriptions Shree Bhawani (Goddess Durga), Asarfi (gold coin), Nepal, and Khadga (double-edged sword). The lettering on this side of the note is presented in the Nepali language. The reverse of the note illustrates a Bengal tiger on a Nepalese landscape. The design is completed by the Nepal Rastra Bank logo (a Garuda over a shining sun and the motto: Lead Us from The Unreal to The Real). The lettering on this side of the note is presented in the English language. This note is part of the 2016 series, and its color is brown, blue-violet, and multicolor.
Text: Shree Nepal Rastra Bank Guaranteed by His Majesty’s Government Rs. 500 Rupees Will be Paid Immediately by Nepal Rastra Bank on Demand, Lead Us from The Unreal to The Real, 500, Rupees Five Hundred, 2016 A.D