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| Nepal declares itself a republic | Nepal declares itself a republic |
| (10 minutes later) | |
| The Himalayan nation of Nepal has become the world's newest republic, ending 240 years of monarchy. | The Himalayan nation of Nepal has become the world's newest republic, ending 240 years of monarchy. |
| Royal rule was officially abolished by a new constituent assembly meeting in the capital, Kathmandu. | Royal rule was officially abolished by a new constituent assembly meeting in the capital, Kathmandu. |
| The Maoists, who emerged as the largest party in last month's elections, were committed to ousting King Gyanendra and creating a republic. | The Maoists, who emerged as the largest party in last month's elections, were committed to ousting King Gyanendra and creating a republic. |
| They entered politics in 2006, after signing a peace agreement that ended a decade-long insurgency. | |
| Several thousand people have been celebrating in the streets of Kathmandu, anticipating the change. | |
| "This is the people's victory," former Maoist Kamal Dahal, 22, told Reuters news agency. |