Gyanendra Shah's reign was already politically fractured by 2005 — he had dissolved parliament in 2002 and would seize direct rule in February of that year, suspending civil liberties and triggering international condemnation. Nepal Rastra Bank continued issuing commemorative silver pieces throughout this period, largely for export and collector markets rather than domestic circulation. The monarchy itself was abolished by the Constituent Assembly in May 2008, making Gyanendra the last king of Nepal and rendering all coinage bearing his name terminal issues of a dynasty.
Gyanendra Shah's reign was already politically fractured by 2005 — he had dissolved parliament in 2002 and would seize direct rule in February of that year, suspending civil liberties and triggering international condemnation. Nepal Rastra Bank continued issuing commemorative silver pieces throughout this period, largely for export and collector markets rather than domestic circulation. The monarchy itself was abolished by the Constituent Assembly in May 2008, making Gyanendra the last king of Nepal and rendering all coinage bearing his name terminal issues of a dynasty.