About the Nepalese Rupee
The Nepalese Rupee replaced the Nepalese Mohar in 1932. It is pegged to the Indian Rupee at a fixed rate.
The name 'Rupee' is derived from the Sanskrit word 'rupya', meaning 'wrought silver'.
Interesting Facts
Pegged to the Indian Rupee
The Nepalese Rupee has a fixed exchange rate to the Indian Rupee (1.6 NPR = 1 INR). This peg provides stability to the Nepalese economy.
Mt. Everest on Banknotes
Nepalese banknotes famously feature Mount Everest (Sagarmatha), the world's highest peak, a powerful symbol of national pride.
Living Goddess on Notes
Some earlier series of banknotes featured the Kumari, a living goddess worshipped by some Nepalese Hindus and Buddhists.
Historical Timeline
The Nepalese Rupee is introduced.
The Nepal Rastra Bank is established as the central bank.
A new series of banknotes is introduced.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- NPR
- Symbol
- Rs
- Numeric Code
- 524
- Subunit
- Paisa (1/100)
- Introduced
- 1932-01-01
Central Bank
- Name
- Nepal Rastra Bank
- Headquarters
- Kathmandu, Nepal
- Founded
- 1956
- Current Governor
- Maha Prasad Adhikari (since 2020)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 4.6%
- Interest Rate
- 7.00%
Exchange Rates
What Affects the NPR Exchange Rate?
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