Nepalese Rupee

About The Nepalese Rupee: The Strong Currency of Nepal

Quick Facts About the Nepalese Rupee Notes

Country of Origin	Nepal
Symbol	रु.
Currency Code	NPR
Nick Names
Minor units	Paisa
Denominations (Banknotes)	रु1, रु2, रु5, रु10, रु20, रु25, रु50, रु100, रु250, रु500 and रु1000
Motto
Identification Feature	On the obverse side of the 1,000 rupees note, you will find the images of Swayambhunath Stupa, Mount Everest and Harati Temple.
Issuing Bank	Nepal Rastra Bank
In Circulation Since	September 17, 1945

The Nepalese rupee (NPR) is the currency that can be exchanged for goods and services in the Federal Democratic Republic of Nepal. The lowest value that can be purchased with one Nepalese rupee is one hundred paisa. The Nepal Rastra Bank, which serves as the central bank for the country, is in charge of overseeing the production of brand new Nepalese rupees. It is common practise to denote the NPR with Rs; however, Rp is also a suitable representation.vThere is a fixed exchange rate between the Nepalese franc (NPR) and the Indian rupee (INR), which is 1.6 NPR for every 1 INR. The Nepalese rupee symbol is रु.

The NPR has, up until this point in time, issued coins with face values of 1, 5, 10, 25, and 50 paisa each. Coins of 1, 2, 5, and 10 rupees are also considered valid tender. There are banknotes available for denominations of 1, 2, 5, 10, 20, 50, 100, 500, and 1,000 rupees.

The Nepalese Rupee price is INR (0 🔄) .

History of the Nepalese Rupee

In 1932, the Nepalese Mohar was dethroned as the nation's primary unit of currency, and it was succeeded by the Nepali Rupee (NPR). The Indian rupee is used as a point of reference for the peg that governs the country's exchange rate (INR). In 1993, the Nepalese currency was finally allowed to be freely converted. The new exchange rate for the Nepali Rupee is one NPR to one hundred and sixty Indian Rupees.

In 1955, the rifle cartridge boxes of the Gurkha soldiers who fought against the Imperial Japanese throughout the Pacific theatre of World War II were recycled into coins for their 4 Paisa currency. These coins were used in the country of Nepal. In recognition of their bravery and success in combat, the primers were removed from the shell casings, and the resulting empty shells were repurposed as coins worth four Paisa each.

Due to the limited frequency with which these incidents occur, it was judged that continuing to produce these coins for longer than a year would be a waste of resources.

During the reign of King Birendra, two completely separate series of banknotes were published. On the first series of notes, the monarch is depicted wearing a military uniform. On the second series of notes, however, he is wearing a traditional Nepalese crown that is decorated with feathers from a bird of paradise. New denominations of banknotes, including the normal 2 and 20 rupee notes as well as the exceptional 25 and 250 rupee notes, were issued at this time as well.

Mount Everest was featured on a 500 rupee note that was introduced in October of 2007, replacing the usual image of the king. In May of 2008, Nepal made the historic transition from a monarchy to a republic, and this represents that shift.

In 2008, new banknotes of 5, 10, 20, 50, and 100 rupees showing Mount Everest were introduced into circulation. These new banknotes did not have any reference to the king. The first 500 and 1000 rupee banknotes were produced on paper with a watermark depicting a crowned portrait of the king in the "window" on the right side of the faces of the notes. These portraits were placed on the paper during the printing process. Also, the Nepalese rupee symbol is रु.

A new series of banknotes was issued by the Nepal Rastra Bank in 2012, which was quite similar to the series that was issued in 2007, except the back of each note featured English inscriptions and the year that it was issued.

Countries Accepting the Nepalese Rupee

Amount in the Nepalese Rupee You Should Carry for Your Trip

The amount of money that you will need to explore the lovely country of Nepal may vary depending on a variety of different factors. The cost of getting to your destination, the cost of your lodging, and the cost of your meals will all have an impact on the holiday spending budget you set aside for yourself. A traveller to Nepal on a limited budget should plan to spend approximately NP 1,474 per day while they are there. When you factor in the costs of fancy transportation, dining at restaurants with Michelin stars, and staying in only the highest-rated hotels, however, the cost of a single day of vacation can easily reach NP 11,545. On the other hand, the cost of travel for two people can range anywhere from NPR 3,474 to NPR 23,545.

The price of a hotel room in Nepal can range anywhere from NPR 536 to NPR 4,311 per night and per person. To put that in perspective, the cost of one day's worth of transportation might range anywhere from NPR 440 to NPR 3,361, depending on whether you take public transit or a private automobile.

All in all, you can keep an eye on the live Nepalese Rupee rate in order to exchange your currency notes.