evidence: India has been clear in maintaining that Kalapani, Lipulekh, and Limpiyadhura are integral parts of India. These territories are currently under Indian control and hold strategic significance. With India and China vying for influence in the greater Himalayas, the likelihood of India giving up any such territories is slim. [...] One, by incorporating the disputed territories into the design of its currency, Nepal is symbolically entrenching its position on the border issue. This solidifies Nepal’s stance that these territories are its own, and it will be challenging for Kathmandu to negotiate on its claims in the future. Any attempt to reach a resolution with India would require Nepal to backtrack on its public stance, which could be seen as a loss of face domestically and weaken the government’s credibility (especially for the leftist parties currently in power). Two, if a diplomatic agreement is eventually reached between New Delhi and Kathmandu, it would likely involve redrawing boundaries or revising territorial claims. However, the presence of the disputed territories on the currency means that Nepal would need to recall and replace all the newly issued notes, which can be a costly and logistical challenge.