2 Paisa WW II Cash Coupon

Muli was a minor thakorate in the Kathiawar region of western India, with a population that numbered in the low thousands. The wartime paper shortage that forced large princely states to issue emergency fractional currency hit Muli particularly hard — the standard coinage supply dried up almost entirely, and the darbar had no realistic access to a formal printer. These coupons were produced on locally available pressboard, which is why surviving examples typically show severe warping, surface abrasion, and fiber separation. The material was never intended for repeated handling.

At 2 paisa, this represents the smallest denomination known from Muli's wartime issue.