Old Currencies Of Nepal

Old Currencies OF Nepal

Although the world’s first currency was introduced around 700 BC, there is evidence that it was introduced in Nepal during the Licchavi reign about 1,400 years ago. This glorious fact of our country shows that Nepal is also a very old country. Old Currencies is also a major basis in the study and research of the history of Nepal from which the historical facts, chronology, culture, religion, way of life, economy, commerce, etc. of that time can be known.


The world’s first currency: Lydia, in the ancient Ionian state around present-day Turkey (Asia Minor), is said to have originated about 2,700 years ago. Money has a deep connection with human history. It is understood that people’s attraction towards money has been there since the past due to the economic buying and selling power of money and the price of metals.

Old 10 rupees Note

Nepal India Licchavi History | Old Currencies


In the then ancient state of Baishali under the present state of Bihar in India, the Lichhavi dynasty ruled in a republican and monarchical system of government along with other minor contemporary dynasties. At the same time, King Ajatashatru of the Haryaka dynasty of the powerful kingdom of Magadha invaded and destroyed the republic. Then there were the rulers of the smaller kingdoms, some of whom came to Nepal and settled in secret. It is believed that they later emerged as the Licchavi dynasty and started running the state.

Licchavi in ​​Nepal

Plastic Note


The chronology of the Licchavi reign in Nepal is said to have started from the fifth century. Based on many inscriptions established during the Licchavi period, his reign dates back to AD. It is estimated to be from 464 to 880. But based on some obscure sources. It is said that the Licchavis started appearing in Nepal from 185 AD. Historians study the Lichhavi period as the ancient history of Nepal.Old currencies carries a historical importance of Lichhavi period.

Nepal’s initial currency:


Nepal’s first indigenous currency was introduced in the fifth-sixth centuries during the Lichhavi reign. The first currency of Nepal is called Mr. Manank. On the front of Mr. Manank’s coin is a lion holding a paw and the word Mr. Manank is written in secret script. Similarly, on the back, the word woman sitting on a lotus and in secret script, the word Mr. Bhogini is written. It is also decorated with small dots on both sides.

The shape of the coin is similar to that of the Gupta kings of the Magadha kingdom of ancient India, in their coins coined by Samudragupta as Sri Parakramak (in the 4th century) and Chandragupta II (Vikramaditya) as Sri Vikramanka (in the 4th and 5th centuries).


Many historians have said that the early currency of Nepal was started during the reign of Lichhavi king Mandev I. The main reason for this is the word Mr. Manank written in secret script on the front of the coin. The reign of Licchavi king Mandev I 464 to 505, which means that Mr. Manank’s coin must have come out within that time. But after many studies and researches on this subject, some new facts have come to light at the present time.

According to the new statement, Shri Manank Mudra was started by Shri Anshuvarman not in the time of Mandev I but only in the time of King Shivadev I about a century later. Attempts have been made to consider some of the evidence as follows.

Study of Inscriptions: After studying the inscriptions established during the Licchavi period, Mandev I wrote about many subjects in his inscriptions but no mention was made of money. An inscription dating back to about a century after Mandev I, which does not mention the date of King Shivadev I (reign 590 to 605), has the word pa (pan) written on it, and this is probably the first coinage found so far.

Similarly In another inscription of 598, the word copper is inscribed. Anshuvarman’s Handigaun In the inscriptions of 606 and 608 also the word pa (pan) is written. Due to this major reason, the fact that Shri Anshuvarman started Shri Manank Mudra only in the time of King Shivadev I and not in the time of Mandev I has gained a lot of strength.

Study of accumulated piles of old currencies: This theory is reinforced by the fact that not only the accumulated piles of Lichchhavi coins have been collected so far, but also that they are often collected with Anshuvarman’s Shri Maharajadhirajasya and Kamadohi coins published later.

Study of the script of Shri Manank Mudra: According to the script experts, the use of Shri Manank Mudra as a script of later times is another reliable proof.

Coronation of King Shivadev I: Another possible reason is the coronation of Shivdev I. At the time of his coronation in 590 (?), He must have surrendered to his famous ancestor Mandev I. At this time, Anshuvarman was the chief feudal lord of King Shivadev I (equivalent to the Prime Minister today) and there is a group that said that the coinage was due to him.

Use of the word “value”: A closer look at the meaning of the word “value” reveals that it means respect, esteem, affection, etiquette, etc. The fact that Shivadev I may have used the word “value” in the newly published coins cannot be denied.
On the basis of all these reasons, if Shri Manank Mudra was started by Shri Anshuvarman not in the time of Mandev I but in the time of King Shivadev I, then there is a strong argument to be made on the subject.

Technical Form of Mr. Manank Mudra: Based on various sources and evidences, the value of Mr. Manank Mudra was equal to one paisa today which was then called Pan (or copperplate). Later, the words Purana and Panapurana were also used. The term karshapan (16 but equal to 1 karshapan) seems to have been used for mathematical calculations. Mr. Manank’s currency is round and free.

After studying the weight of many samples of the coin, each coin has an average weight of 12.32 grams and a diameter of about 25 millimeters. Although they are usually made of copper metal, samples have also been found printed on some iron-mixed copper. Mr. Manank appears to have made molten copper in the form of a coin by making a coin and then printing it on a coin.

Figure and pattern of Mr. Manank Mudra: The basic structure of Mr. Manank Mudra is very much inspired by figures of religious significance, such as Mr. Bhogini, a woman seated on a lion and lotus, and other figures. The inclusion of a lion in the coin seems to have taken the symbol of the majestic symbol and Mr. Bhogini as a goddess.

An in-depth observation of these shows that the shape and structure of these coins were very good. Since Mr. Manank’s coin has been in print for a long time, many types of samples have been received. As there are many types, it can be a fertile field for money researchers and historians as well as those who do research. At the same time, it seems that money collectors can collect and augment different types of Mr. Manank coins with less money.

Foreground of Mr. Manank Mudra: In-depth study of the specimens obtained so far, although there are generally only four types, Mr. Manank Mudra can be divided into three major types.
A) Type 1: A simple place in front of a lion with its paws raised.
B) The second type: a flower in front of a lion rising with its paws.
C) Third type: scepter in front of a lion with its paws raised.
Surface of Shri Manank Mudra:

In all the above types of mudras, the woman sitting on the lotus and Shri Bhogini are written. The woman is raising her right hand and placing her other hand on her shoulder. Even on the background, Mr. Manank’s posture is very different.
Meaning of the word Bhogini: In the study of ancient and old words, the meaning of the word Bhogini in Natyashastra is Bhitrini, but they are understood to be women of a special class of kings who are very intelligent, efficient, honorable, helpful, etc.


Rareness of Mr. Manank Mudra: Probably because Mr. Manank Mudra has been in print for a long time, they are usually found in sufficient quantity. But the type of scepter in front of the lion, which is raising a third type of paw, is a bit rare. Then the second type is a little rarer but the first type of coins are the most common and abundant. Since Mr. Manank’s coin was introduced 1400 years ago, our country can show its unique place to the world. Keeping this fact in mind, the Government of Nepal, universities and other stakeholders should give priority to further study, research, protection and dissemination of Old Currencies..

-Talent Guruji

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