KATHMANDU, Sept 5 - For the first time in modern history of the country, the Nepal Rastra Bank Wednesday released new coins of two rupees denomination without the King’s name and any royal symbols.

On the front side of the coin, a farmer is shown ploughing a field while the image of Mt Everest is embossed on the flip side.

Altogether 100 million units of the coins have been circulated in the markets.

“The coin can be regarded as the new coin of the new Nepal,” a central bank official said.

Similarly, the central bank has also completed the design of coins of one rupee denomination.

Nepal’s map and Mt Everest are respectively depicted on the front side and flip side of the coin.

The new one rupee coins would be out in the market in few months to come, the bank official added.

Meanwhile, the new currency notes of five hundred denomination– in which Mt Everest replaces the king’s image– have been already published, the bank stated.

The new five hundred rupee notes would be made circulated in the market from the upcoming Dashain , the bank official added.