King Gyanendra likes to gamble and he gambled a lot in the last few years and he lost because of a massive uprising by Nepalese people in April 2006. Since then, King Gyanendra has been losing one thing after another. Recently, he was excluded from annual Royal Kumari festival. Now, it seems that his picture will be excluded from new currency notes too.
Kantipur Online wrote:
Nepal Rastra Bank (NRB) is circulating the new currency notes of 500 denominations without the King’s name or any royal symbols from Thursday. As part of the government’s drive to cut royal power, the central bank had released new coins of two rupees denomination without the King's name and any royal symbols for the first time in the country’s history on September 5.The central bank is releasing 20 million unit of the new currency notes worth Rs ten billion in which Mt Everest replaces the king's image.
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