Nepalese rupee

Nepalese rupee
रूपैयाँ (Nepali)
ISO 4217 code	NPR
Central bank	Nepal Rastra Bank
Website	www.nrb.org.np
User(s)	Nepal
Inflation	7.8%
Source	The World Factbook, October 2005 est.
Subunit
1/100	Paisa
Symbol	Rs or ₨ or रू.
Coins	1, 5, 10, 25, 50 paisa, Re. 1, Rs. 2, Rs. 5, Rs. 10
Banknotes
Freq. used	Rs. 5, Rs. 10, Rs. 20, Rs. 25 Rs. 50, Rs. 100, Rs. 500, Rs. 1000
Rarely used	Re. 1, Rs. 2,Rs. 250

Two rupee coin

The rupee (Nepali: रूपैयाँ) is the official currency of Nepal. The present rupee has the ISO 4217 code NPR and is normally abbreviated with the sign ₨. It is subdivided into 100 paisa. The issuance of the currency is controlled by the Nepal Rastra Bank. Several other currencies are also called rupee.

History

The rupee was introduced in 1932, replacing the silver mohar at a rate of 2 mohar = 1 rupee. Initially, the rupee was called the mohru in Nepali. Its value was pegged to the Indian rupee in 1993 at a rate of 1.6 Nepalese rupees = 1 Indian rupee. ^[1]

Banknotes

On 17 September 1945, the government introduced notes for 5, 10 and 100 rupees, with the name mohru used in Nepalese.^[2]

There are also 25- and 250-rupee notes commemorating the Silver Jubilee of Birendra Bir Bikram Shah in 1997.

Since 2007, Nepalese rupee banknotes have been produced by Perum Peruri, the National Mint Public Company of Indonesia. ^[3]

See also

• Economy of Nepal
• Nepalese coins
• Nepalese banknotes

References

Sources

External links