Nepalese rupee रूपैयाँ (Nepali)
500 rupee banknote 1 rupee banknote
ISO 4217 Code	NPR
User(s)	Nepal
Inflation	7. ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established Nepal (नेपाल) is a Landlocked country in South Asia. In economics inflation or price inflation is a rise in the general level of prices of goods and services over a period of time 8%
Source	The World Factbook, October 2005 est.
Pegged with	Indian rupee = 1. A fixed exchange rate, sometimes called a pegged exchange rate, is a type of Exchange rate regime wherein a Currency 's value is matched to the value of The rupee (रुपया ( code: INR) is the Currency of India. 6 Nepalese rupees
Subunit
1/100	paisa
Symbol	Rs or ₨
Coins	1, 5, 10, 25, 50 paisa, Re. A currency sign is a graphic symbol often used as a shorthand for a Currency 's name 1, Rs. 2, Rs. 5, Rs. 10
Banknotes	Re. 1, Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500, Rs. 1000
Central bank	Nepal Rastra Bank
Website	www.nrb.org.np

The rupee (Nepali: रूपैयाँ) is the official currency of Nepal. A central bank, reserve bank, or monetary authority is the entity responsible for the Monetary policy of a country or of a group of member states The Nepal Rastra Bank, established in 1956, is the Central bank of Nepal. Nepali is an Indo-Aryan language spoken in Nepal, Bhutan, and some parts of India and Myanmar (Burma A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is Nepal (नेपाल) is a Landlocked country in South Asia. It is subdivided into 100 paisa. The issuance of the currency is controlled by the Nepal Rastra Bank. The Nepal Rastra Bank, established in 1956, is the Central bank of Nepal. The most commonly used symbol for the Rupee is Rs or ₨. The ISO 4217 code for Nepalese rupee is NPR. ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established

History

The rupee was introduced in 1932, replacing the silver mohar at a rate of 2 mohar = 1 rupee. The mohar was the currency of Nepal until 1932 Silver and Gold mohars were issued each subdivided into 128 dams. Initially, the rupee was called the mohru in Nepalese. Nepali is an Indo-Aryan language spoken in Nepal, Bhutan, and some parts of India and Myanmar (Burma Its value was pegged to the Indian rupee in 1993 at a rate of 1. The rupee (रुपया ( code: INR) is the Currency of India. 6 Nepalese rupees = 1 Indian rupee. [1]

Coins

In 1932, silver 20 and 50 paisa and 1 rupee coins were introduced, followed by copper 1, 2 and 5 paisa between 1933 and 1935. In the 1940s, copper ¼ and ½ paisa and nickel-brass 5 paisa were added. In 1953, a new coinage was introduced consisting of brass 1, 2 and 4 paisa, bronze 5 and 10 paisa, and cupro-nickel 20, 25 and 50 paisa and 1 rupee. The 20 paisa was discontinued after 1954.

In 1966, aluminium 1, 2 and 5 paisa and brass 10 paisa were introduced. Aluminium 25 paisa coins were introduced in 1982, followed by stainless steel 50 paisa and 1 rupee in 1987 and 1988. In 1994, smaller 10 and 25 paisa coins were issued, alongside aluminium 50 paisa and brass-plated-steel 1, 2, 5 and 10 rupees.

Banknotes

In 1951, the government introduced notes for 1, 5, 10 and 100 rupees, with the name mohru used in Nepalese. The State Bank took over note issuance in 1956 and, in its second issue, began using the name rupee in the Nepalese texts. In 1972, 500 and 1000 rupees notes were added, followed by 50 rupees in 1974 and 2 rupees in 1981, after the discontinuation of production of 1 rupee notes (some are still in circulation). 20 rupees notes were introduced in 1982. 1 and 2 rupees notes are no longer produced, although previously issued ones are still in circulation.

There are also 25 and 250 rupee notes commemorating the Silver Jubilee of Birendra Bir Bikram Shah in 1997. A Silver Jubilee is a celebration held to mark a 25th anniversary Birendra Bir Bikram Shah Dev (वीरेन्द्र वीर विक्रम शाह ( December 28, 1945 &ndash June 1, 2001) was

See also

• Economy of Nepal

References

External links

• Don's World Coin Gallery - Nepal
• Ron Wise's World Paper Money - Nepal ^{Mirror site}
• Tables of Modern Monetary Systems by Kurt Schuler - Asia ^{Mirror site}
• The Global History of Currencies - Nepal
• Global Financial Data currency histories table ( Microsoft Excel format)