The Nepalese rupee
The Nepali Rupee (ISO code NPR) has been the official currency of Nepal since 1932. The most commonly used symbol of the Rupee is Rs or ₨.
The rupee was introduced for the first time in 1932, replacing the silver Mohar at an exchange rate of 2 Mohares for each Rupee. At first the Rupees were called Mohrus.
A Rupee is divided into 100 "Paisas". The institution in charge of issuing this currency is the Central Bank of Nepal.
Currently, coins of 1, 5, 10, 25 and 50 Paisas and coins of 1, 2, 5 and 10 Rupees circulate in Nepal. The first coins that were minted were made out of silver (those of 20 and 50 Paisas and one of a Rupee). Later they were minted in copper (those of 1, 2, and 5 Paisas) between the years 1933 and 1935. In the last years the coins were of aluminum and steel.
Since 1994, the sizes of the 10 and 25 Paisa coins have been reduced and also the 50 Paisa aluminum coins and the 1, 2, 5 and 10 Ruperas of steel dipped in brass.
As for Nepalese Rupee notes you can find 1, 2, 5, 10, 20, 50, 100, 500 and 1,000 rupees.
Date of issue:
Banco Central de Nepal
|Global Exchange||Your high-street bank|
|Variety of currencies||We have 47 currecies. We are specialists.||Only major currencies. Travel money is just a secondary business for banks.|
|Availability of currencies||Immediate availability of currencies in our branches. Click and collect or walk in to our stores.||If they can actually get your exotic currency, prepare for a couple of visits to your bank before you can have the money on your hands.|
|Expenses||Only the exchange rate, without commissions, and if you book online you guarantee the best price.||The bank sets its own margin plus a commission.|
|Different denominations available||At Global Exchange, you’ll get a variety of banknotes with different values, adapted to all your payment needs.||No. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes.|
|Delivery options||Order online to benefit from a price reduction and collect at the branch of your choice.||You’ll have to go first to your bank to order the currency you need, then wait for it to come and go back again to collect it.|