įrom 1967 to 1975, the government pegged the Nepalese rupee against the Indian rupee, the US dollar and gold, starting at रु1.35 = ₹1, रु10.125 = US$1 and रु1 = 0.08777g gold. The Indian rupee ceased to be legal tender in Nepal in 1966. A hard peg of रु1.60 = ₹1 was instituted in 1960, which was revalued to रु1.0155 = ₹1 when the Indian rupee was sharply devalued on 6 June 1966. In 1958, the government applied a new exchange rate of रु1.505 = ₹1 for the purchase of plane tickets only. īetween 19, there was a series of soft peg revaluations that started at रु1.755 = ₹1 and appreciated to रु1.305 = ₹1 by 1957. In 1952, the government of Nepal officially pegged the Nepalese rupee at रु1.28 = ₹1, although the market rate remained at रु1.60 = ₹1. After this period, its value fluctuated against the Indian rupee, falling to रु1.60 = ₹1 in 1939, rising to रु0.60 = ₹1 during the Second World War and falling again afterwards. Mount Everest, Swayambhunath stupa & Harati templeįor table standards, see the banknote specification table.īetween 18, the Nepalese rupee (two half-rupees or mohars ) was fixed at 1.28 per Indian rupee. Mount Everest god Indra Mount Amadablam and Thyangboche monastery wood carvings clouds
One-horned rhinoceros and its offspring in grassy plain bank logo One-horned rhinoceros in grassy plain bank logo Mount Everest Mayadevi inside silver metallic oval map of Nepal Ashoka pillar wood carvings from temple of Taleju in Kathmandu description "Lumbini – Birthplace of Lord Buddha" Mount Everest Rama-Janaki temple of Janakpur Mount Everest temple of god Krishna of Patan Garuda atop pillar Three black bucks grazing trees bank logo Mount Everest Garud Narayan of Changu Narayan temple Mount Everest temple of Taleju obverse of coin At first, the rupee was called the Mohru in Nepali. The rupee was introduced in 1932, replacing the silver mohar at a rate of 2 mohar = 1 rupee. The Nepalese rupee (रु) has been pegged to the Indian rupee (₹) at the rate रु1.60 = ₹1 since 1994 prior to this, it had been pegged at the rate रु1.45 = ₹1. The Nepalese rupee was introduced in 1932 when it replaced the Nepalese mohar at the rate 2:1.
The issuance of the currency is controlled by the Nepal Rastra Bank, the central bank of Nepal.
The Nepalese rupee is subdivided into 100 paisa. The Nepalese rupee ( Nepali: रुपैयाँ symbol: रु॰ code: NPR) is the official currency of the Federal Democratic Republic of Nepal(Formally). Official Currency of Federal Democratic Republic of Nepal Nepalese rupee रुपैयाँ ( Nepali)
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