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20 Rupees

Issuer Nepal Rastra Bank
Year 1985-2001
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Size 138 × 70 mm
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Reverse description At left, a watermark window panel; at centre, a vignette of a swamp deer (barasingha) stag set against a panoramic Himalayan mountain background; at right, the national crest of Nepal. Devanagari and English denomination inscriptions appear within guilloche-patterned underprint borders.
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Signature(s) without segmented foil over security thread - Ganesh Bahadur Thapa (1985-1990)
without segmented foil over security thread - Hari Shankar Tripathi (1990-1995)
with segmented foil over security thread serial # 24 mm long* - Satyendra Pyara Shrestha (1995-2000) * not listed in catalog
with segmented foil over security thread serial # 20 mm long - Satyendra Pyara Shrestha (1995-2000)
with segmented foil over security thread - Dipendra Purush Dhakal (2000-2001) * * not listed in catalog
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Comments

Pick 38 ran for sixteen years across five signature varieties, making it one of the longer-lived De La Rue issues for Nepal Rastra Bank in the modern period. The progression from plain security thread to segmented foil thread mid-series is well documented, but the Shrestha variant with the 24 mm serial number remains uncatalogued in the standard references — a genuine gap rather than a printing error, likely reflecting a transitional print run that never received formal listing. The Dhakal signature at the close of the series is similarly absent from Pick.

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