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Nepalese rupee

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Title: Nepalese rupee  
Author: World Heritage Encyclopedia
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Subject: Rupee, Indian rupee, Mohor, Nepal, Economy of Nepal
Collection: 1932 Introductions, Currencies of Nepal, Economy of Nepal, Fixed Exchange Rate
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Nepalese rupee

Nepalese rupee
रूपैयाँ (Nepali)
ISO 4217 code NPR
Central bank Nepal Rastra Bank
 Website .np.org.nrbwww
User(s)    Nepal
Inflation 7.8%
 Source The World Factbook, October 2005 est.
Subunit
 1/100 Paisa
Symbol Rs or रू.
Coins 1, 5, 10, 25, 50 paisa, Re. 1, Rs. 2, Rs. 5, Rs. 10
Banknotes
 Freq. used Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500, Rs. 1000
 Rarely used Re. 1, Rs. 2, Rs. 25, Rs. 250
Two rupee coin

The rupee (Nepali: रूपैयाँ) is the official currency of Nepal. The present rupee has the ISO 4217 code NPR and is normally abbreviated with the sign रू. It is subdivided into 100 paisa. The issuance of the currency is controlled by the Nepal Rastra Bank. Several other currencies are also called rupee. The Nepalese rupee is pegged to the Indian rupee.

Contents

  • History 1
  • Banknotes 2
  • See also 3
  • References 4
  • Sources 5
  • External links 6

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 Nepali. Its value was pegged to the Indian rupee in 1993 at a rate of 1.6 Nepalese rupees = 1 Indian rupee. [1]

Banknotes

On 17 September 1945, the government introduced notes for 5, 10 and 100 rupees, with the name mohru used in Nepalese.[2]

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

Since 2007, Nepalese rupee banknotes have been produced by Perum Peruri, the National Mint Public Company of Indonesia. [3]

See also

References

  1. ^ http://users.erols.com/kurrency/asia.htm
  2. ^ Linzmayer, Owen (2012). "Nepal". The Banknote Book. San Francisco, CA: www.BanknoteNews.com. 
  3. ^ http://majalah.tempointeraktif.com/id/arsip/2010/05/03/EB/mbm.20100503.EB133448.id.html

Sources

  • Krause, Chester L., and Clifford Mishler (1991).  
  • Pick, Albert (1994).  

External links

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