20 Rupees

Nepal's 20 rupee denomination has a thin circulation history — the value sits awkwardly between the far more commonly used 10 and 50 rupee notes, and public uptake has never been strong. The long print run spanning this date range reflects reorder batches rather than heavy demand, with individual series often issued in modest quantities.

Perum Peruri, the Indonesian state security printer, has held this contract since the early 1970s, an arrangement that has outlasted multiple Nepali political transitions including the abolition of the monarchy in 2008.