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1 Rupee

Issuer Nepal Rastra Bank
Year 1968-1970
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Size 102 × 64 mm
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Reverse description The reverse is rendered in rose-pink and green, with a large oval watermark window at left against a green underprint of mountain scenery and tropical foliage. At centre, a vignette of the Kalash — a sacred ceremonial vessel surmounted by a crescent finial — sits above the Nepal Rastra Bank seal with its Devanagari legend. A Nepalese coin reverse appears at right within a circular frame, with the denomination 'Re. 1' at lower left and its Devanagari equivalent at lower right.
Reverse lettering नेपालराष्ट्र बैंक
असतो मा सद्गमय
काठमाडौं नेपाल
Re. 1
रु १
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Comments

Nepal Rastra Bank was established in 1956, but the 1 Rupee denomination remained under the authority of the Ministry of Finance for years after — a jurisdictional quirk that meant low-value notes lagged behind the rest of the series in transitioning to full central bank issue. The P#12 sits in a transitional run printed by Thomas De La Rue during a period when Nepal was actively restructuring its monetary institutions following the introduction of the 1956 Nepal Rastra Bank Act.

De La Rue's contract for Nepalese currency in this period produced several closely related types, and the 1968–1970 date span reflects sequential issue rather than a redesign.