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50 Paisa - Mahendra Bir Bikram

Issuer Nepal Rastra Bank
Year 1968-1971
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Weight 5 g
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Obverse script Devanagari
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Reverse lettering श्री श्री श्री गोरखनाथ श्री भवानी पचास पैसा नेपाल
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Additional information

Nepal Rastra Bank was established in 1956 to replace the defunct Nepal Bank as the sole currency-issuing authority, ending centuries of fragmented monetary administration under the Rana oligarchy. Mahendra, who had dissolved parliament and assumed direct rule in 1960, used coinage deliberately — his portrait appearing across denominations during a period when the palace was actively consolidating national identity against democratic opposition.

The shift to copper-nickel for subsidiary coinage in this period reflected IMF-backed currency rationalization efforts rather than domestic policy.

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