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The copper coinage of Tribhuvan consisted of 1 paisa, with 2 and 5 paisa added in 1919. Silver coins were issued for 1 dam, 1 ⁄ 4, 1 ⁄ 2, 1, 2 and 4 mohar, with gold 1 dam, 1 ⁄ 32, 1 ⁄ 16, 1 ⁄ 8 and 1 mohar. The gold coinage continued to be issued after the introduction of the rupee until 1950.
The earliest coin minted in today's territory of Nepal was in Shakya Mahajanapada, along the India–Nepal border at around 500 BCE. Shakya coins were an example of a coin invented in the Indian subcontinent which continued to be used in Nepal alongside India for over 1500 years. [1]
The tola formed the base for units of mass under the British Indian system, and was also the standard measure of gold and silver bullion. [1] Although the tola has been officially replaced by metric units since 1956, [8] it is still in current use, and is a popular denomination for gold bullion bars in Bangladesh, India, Nepal, Pakistan and ...
The Sultanate of Delhi brought a degree of stability with its tri-metallic currency system and a long lasting silver to gold coin ratio of 10:1. Iltutmish established the jital as a billon coin containing 3.90 grains or 2 rattis of silver. The tanka was one tola, then 96 grains of silver, which, divided by 2, was made up of 48 jitals.
Similar coins were also issued by the British authorities in denominations of 2 ⁄ 3 mohur (10 rupees), 1 ⁄ 3 mohur (5 rupees) and the double mohur (30 rupees), and some of the princely states issued half-mohur coins (equal to 7 rupees and 8 anna). The mohur coin was first introduced by Sher Shah Suri of Sur Empire during his rule in India ...
One rupee coin (2005) Two rupee coin (2006) One rupee coin (2009) In October 2007, a 500-rupee note was issued on which the king's portrait was replaced by Mount Everest. This reflects the historic change from a monarchy to a republic which took place in May 2008 in Nepal. Further notes of 5, 10, 20, 50, 100 and 1000 rupees with Mount Everest ...
Currently in India (from 2010 onwards), the 50 paise coin (half a rupee) is the lowest valued legal tender coin. Coins of 1, 2, 5, and 10 rupees and banknotes of 5, 10, 20, 50, 100, 200, 500, and 2000 rupees are commonly in use for cash transaction.
Cunningham (1891) asserts that ancient India had an abundance of gold but little silver. The gold to silver ratio in India was 10 to 1 or 8 to 1. In contrast, in the neighbouring Persia, it was 13 to 1. This value differential would have incentivised the exchange of gold for silver, resulting in an increasing supply of silver in India. [29]