10 Rupees

Nepal Rastra Bank's P#61 series spans a transitional stretch in Nepali political history — the country formally abolished its 240-year-old Shah monarchy in May 2008 and declared itself a federal democratic republic, which is precisely why this note and others issued around this period dropped the royal cipher that had anchored Nepali banknote design for generations. The change was not cosmetic.

Three governor signatures appear across the print run, with Khatiwada's tenure producing a single dated signature variant before the series continued under later administrations. Collectors tracking signature varieties on this issue should note that Manandhar's period alone covers the critical 2008 transition year.