Rs 500 note without King's picture circulated

The central bank has decided to circulate from Thursday the Rs 500 denomination note without the picture of the King.

Instead of the King's photo, the new note will have the picture of Mt. Everest. The mark of Crown has been replaced by a picture of rhododendron flower.

This is the first currency note that will come into circulation without the King's photo. Earlier, the central bank had issued coins without the King's name.

Currency notes had come into circulation in Nepal since last six decades. And in all of them, King's photo used to be placed prominently.

However, following the April 2006 movement and subsequent clipping of all kinds of authorities of the King, the Nepal Rastra Bank had decided to remove his picture also from the currency notes.

The NRB decided to bring the new note into circulation on the eve of Dashain festival. nepalnews.com sd Sep 27 07