Thursday, October 11, 2007

NEW NOTE OF RS 500 !!!!


As parts of the government's drive to cut royal power, the Nepali central bank had released new coins of two rupees denomination without the king's name and any royal symbols for the first time September 5and this is second banknotes of rupees 500. The central bank released 20 million units of the new currency notes worth Nepali Rs.10 billion ($153.8 million) in which Mt. Qomolangma replaces the king's image and the national flower rhododendron has been printed in place of the existing watermark but still featured the monarch in watermark.


@ Bimal Gautam

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