Nepalese rupee
| रुपैयाँ रु | |
|---|---|
रु 5 banknote (early issue) | |
| ISO 4217 | |
| Code | NPR (numeric: 524) |
| Subunit | 0.01 |
| Unit | |
| Unit | Rupee |
| Symbol | रु |
| Denominations | |
| Subunit | |
| 1⁄100 | Paisa |
| Banknotes | |
| Freq. used | रु5, रु10, रु20, रु50, रु100, रु500, रु1000 |
| Rarely used | रु1, रु2, रु25, रु250 |
| Coins | |
| Freq. used | रु1, रु2 |
| Rarely used | 1, 5, 10, 25, 50 paisa; रु5, रु10 |
| Demographics | |
| Date of introduction | 1 January 1932 |
| Replaced | Nepalese mohar |
| User(s) | Nepal |
| Issuance | |
| Central bank | Nepal Rastra Bank |
| Website | nrb.org.np |
| Valuation | |
| Inflation | 3.6% |
| Source | Statista, 2021 |
| Pegged with | Indian rupee (₹) ₹1 = रु1.60 (buy), रु1.6015 (sell) |
The Nepalese rupee (नेपाली रुपैयाँ (Nepali); 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.
The Nepalese rupee was introduced in 1932, replacing the silver-based mohar at a rate of 2 mohar = 1 rupee. Since 1994, it has been officially pegged to the Indian rupee at a rate of रु1.60 = ₹1, having previously been pegged at रु1.45 = ₹1.
In 2024, the Nepalese rupee is accepted for domestic transactions only within Nepal and is not legally circulated outside its borders. Foreign exchange is regulated by the central bank and subject to strict limits.