The Nepalese five-hundred-rupee banknote (रु 500) is a high-value denomination of the Nepalese rupee. It is currently in circulation and commonly used for significant transactions throughout Nepal.
The note was first issued during the monarchy and featured the portrait of the king. Following the abolition of the monarchy in 2008, the Nepal Rastra Bank introduced a new series, replacing the royal portrait with images showcasing Nepal's natural landscapes and cultural heritage.
References
Further reading Agrawal (Giriya), Shyam and Gyawali, Kamal Prasad: Notes and Coins of Nepal. Nepal Rastra Bank Golden Jubilee Year 2005/06, Kathmandu, 2006.
Jha, Hari Jaya: An Overview of Nepalese Paper Money. Manjeeta Jha, Lalitpur (Patan), B.S. 2058 (= A.D. 2001).
Shrestha, Ramesh: Nepalese Coins & Bank Notes (1911 to 1955). Kazi Mudhusudan Raj Bhandary, Kathmandu, 2007. Wittmann, Hans: Die Banknoten des Königreichs Nepal. Unpublished, Wiesbaden, 2002.