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Nepalese rupee
From Wikipedia, the free encyclopedia
| Nepalese rupee रूपैयाँ (Nepali) |
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| ISO 4217 Code | NPR | ||
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| User(s) | Nepal | ||
| Inflation | 7.8% | ||
| Source | 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.
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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]
In 1932, silver 20 and 50 paisa and 1 rupee coins were introduced, followed by copper 1, 2 and 5 paisa betweeen 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.
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.
- Chester L. Krause & Cliffor Mischler (1991). in Colin R. Bruce II: Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
- Albert Pick (1994). in Neil Shafer & Colin R. Bruce II: Standard Catalog of World Paper Money, General Issues, 7th ed., Krause Publications. ISBN 0-87341-207-9.
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| Current | Indian rupee · Indonesian rupiah · Maldivian rufiyaa · Mauritian rupee · Nepalese rupee · Pakistani rupee · Seychellois rupee · Sri Lankan rupee |
| Defunct | Afghan rupee · Bhutanese rupee · Burmese rupee · Danish Indian rupee · (British) East African rupee · French Indian rupee · 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 |
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