500 Rupees - Gyanendra Bir Bikram 50th Year of Management Education

Management education in Nepal traces its formal origins to 1954, when Tribhuvan University established the country's first commerce faculty — making 2003 the fiftieth anniversary the bank chose to commemorate. The timing was awkward: Gyanendra had assumed the throne in 2001 following the royal massacre that killed nine members of the ruling family, and his reign remained politically contested throughout the issue's production. Nepal was simultaneously fighting a Maoist insurgency that would ultimately end the monarchy entirely within five years of this coin's striking.