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The Nepalese rupee is the official money used in Nepal for buying and selling goods and services. It matters because it's essential for everyday transactions and represents the economic value that people and businesses exchange in the country.
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ISO 4217 CodeNPR (numeric: 524) Subunit0.01 Unit UnitRupee Symbolरु Denominations Subunit 1⁄100Paisa Banknotes Freq. usedरु5, रु10, रु20, रु50, रु100, रु500, रु1000 Rarely usedरु1, रु2, रु25, रु250 Coins Freq. usedरु1, रु2 Rarely used1 paisa, 5 paisa, 10 paisa, 25 paisa, 50 paisa, रु5, रु10 Demographics Date of introduction1 January 1932 94 years ago (1932-01-01) ReplacedNepalese mohar Official user(s) Nepal Unofficial user India (Indo-Nepal Border Cities) Issuance Central bankNepal Rastra Bank Websitenrb.org.np Valuation Inflation3.6% SourceStatista, 2021 Pegged withIndian rupee (₹) ₹1 = रु1.60 (buy), रु1.6015 (sell)
The Nepalese rupee (Nepali: नेपाली रुपैयाँ; sign: रु; code: NPR) is the official currency and legal tender of Nepal. It is also sometimes abbreviated as N₨ or Re./Rs. informally. The rupee is subdivided into 100 paisa, although coins of lower denominations are rarely used today. It is issued and regulated by the Nepal Rastra Bank, the central bank of Nepal.