Nepalese rupee रूपैयाँ (Nepali)
₨1 ₨1
ISO 4217 Code	NPR
User(s)	Nepal
Inflation	7.8%
Source	[https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook], October 2005 est.
Pegged with	Indian rupee = 1.6 Nepalese rupees
Subunit
1/100	paisa
Symbol	Rs or ?
Coins''	1, 5, 10, 25, 50 paisa, Re. 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. It is subdivided into 100 paisa. The issuance of the currency is controlled by the Nepal Rastra Bank. The most commonly used symbol for the Rupee is Rs or ₨. The ISO 4217 code for Nepalese Rupee is NPR.

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 Nepalese. Its value was pegged to the Indian rupee in 1993 at a rate of 1.6 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.

Coin images

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.

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

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See also

• Economy of Nepal

References

• Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1. 
• Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues, Colin R. Bruce II and Neil Shafer (editors), 7th ed., Krause Publications. ISBN 0-87341-207-9. 

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)

•  • [ e] Currencies named rupee or similar
Circulating	Indian rupee (रुपया) Indonesian rupiah Maldivian rufiyaa (ދިވެހި ރުފިޔ) Mauritian rupee (roupie) Nepalese rupee (रूपैयाँ) Pakistani rupee (روپي) Seychellois rupee (roupi, roupie) Sri Lankan rupee (ரூபாய)
Obsolete	Afghan rupee Bhutanese rupee Burmese rupee Danish Indian rupee (British) East African rupee French Indian rupee (roupie) German East African rupie Gulf rupee Hyderabad rupee Italian Somaliland rupia Javan rupee Netherlands Indian roepiah Portuguese Indian rupia Riau rupiah Travancore rupee West New Guinean rupiah Zanzibari rupee
Fictional	Hylian rupee
See also	History of the rupee

•  • [ e] Currencies of Asia
Central	Afghan afghani Kazakhstani tenge Kyrgyzstani som Mongolian tgrg Russian ruble Tajikistani somoni Turkmenistani manat Uzbekistani som
East	Chinese yuan Hong Kong dollar Japanese yen Macanese pataca North Korean won New Taiwan dollar South Korean won
South-East	Brunei dollar Cambodian riel Indonesian rupiah Lao kip Malaysian ringgit Myanmar kyat Philippine peso Singapore dollar Thai baht U.S. dollar (East Timor) Vietnamese đồng
South	Bangladeshi taka Bhutanese ngultrum Indian rupee Maldivian rufiyaa Nepalese rupee Pakistani rupee Sri Lankan rupee
West	Armenian dram Azerbaijani manat Bahraini dinar Cypriot pound Egyptian pound Georgian lari Iranian rial Iraqi dinar Israeli new sheqel Jordanian dinar Kuwaiti dinar Lebanese lira Omani rial Qatari riyal Saudi riyal Syrian pound Turkish new lira UAE dirham Yemeni rial