100 Rupees / Mohru

Nepal's first proper banknote series — introduced in 1945 with the founding of Nepal Rastra Bank still a decade away — was a government treasury issue, not a central bank product. The Rastra Bank wasn't established until 1956, and even after its creation it took several years before the institution assumed full note-issuing authority. These 1960s-dated notes from P#11 sit in that transitional period, bearing the government's name rather than the bank's.

Thomas De La Rue produced the series in London, a common arrangement for Himalayan and South Asian states that lacked domestic intaglio capacity. The "Mohru" denomination name reflects Nepali monetary terminology of the period, used alongside the rupee designation before the vocabulary was standardized.