2 Rupees - Gyanendra Bir Bikram non-magnetic

Nepal's 2-rupee coinage of this period exists in two distinct varieties distinguished solely by their magnetic properties — a consequence of mid-run composition adjustments at the mint rather than any policy change. The non-magnetic brass pieces were produced alongside a stainless steel variant, and the two circulated simultaneously without differentiation by the public. Gyanendra's reign itself was turbulent: he assumed the throne in 2001 following the royal massacre that killed King Birendra and most of the royal family, then seized direct executive power in 2005, a move that ultimately accelerated the abolition of the monarchy in 2008.