HOME
The Info List - Nepalese Rupee


--- Advertisement ---



The Nepalese rupee
Nepalese rupee
(Nepali: रुपैयाँ, symbol: रु, Rs.; code: NPR) is the official currency of the Federal Democratic Republic of Nepal. The Nepalese rupee
Nepalese rupee
is subdivided into 100 paisa. The issuance of the currency is controlled by the Nepal
Nepal
Rastra Bank, the central bank of Nepal. The Nepalese rupee
Nepalese rupee
was introduced in 1932, when it replaced the Nepalese mohar
Nepalese mohar
at the rate 2:1. Prior to 1994, the Nepalese rupee
Nepalese rupee
(रु) was pegged to the Indian rupee (₹) at the rate रु1.45 = ₹1, however since then it has been pegged at the rate रु1.60 = ₹1 currently.[2]

Contents

1 History

1.1 1945 - 1955 1.2 1955 - 1972 1.3 1972 - 2001 1.4 2007 -2012

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

History[edit] The rupee was introduced in 1932, replacing the silver mohar at a rate of 2 mohar = 1 rupee. At first, the rupee was called the mohru in Nepali. Its value was pegged to the Indian rupee
Indian rupee
in 1994 at a rate of 1.6 Nepalese rupees = 1 Indian rupee.[3] 1945 - 1955[edit] The early banknotes which were issued between 1945 and 1955 during the rule of King Tribhuvan
Tribhuvan
were not put into circulation by a Central Bank which did not exist in Nepal
Nepal
at that time. The issuing authority was the treasury which had the name Sadar Muluki Khana. Therefore, the notes of king Tribhuvan
Tribhuvan
were not signed by a bank governor, but by a Kajanchi (head of the treasury) who was a high Hindu priest in the same time. Nepal’s early paper currency probably includes the only notes of the world which were signed by a high priest. These early notes were printed by the Indian Security Press in Nashik and do not have any security features, except for the water marks and the special paper on which they are printed. 1955 - 1972[edit] Starting with King Mahendra who succeeded to his father Tribhuvan
Tribhuvan
in 1955, the banknotes were issued by Nepal
Nepal
Rastra Bank ( Nepal
Nepal
National Bank) which was founded in April 1956. The signature of the governors of this institution is found on the banknotes which were issued after this date. Under King Mahendra the Nepalese Government became “His Majesty’s Government” (expressed by "shri 5 ko sarakar" which literally means “the government of the five times honoured”) and remained this way during the rule of Birendra
Birendra
and Gyanendra. Two series of banknotes were issued during the rule of king Mahendra: The first series shows the king in civilian clothes wearing the Nepalese “topi” while on the notes of the second series the king is shown in military uniform. The second series comprised for the first time notes of the high value of 500 and 1000 rupees. 1972 - 2001[edit] During King Birendra’s rule one can also distinguish between two major series of banknotes. The first series features the king wearing military uniform while on the notes of the second series the king is wearing the traditional Nepalese crown adorned with feathers of the bird of paradise. During this period regular banknotes of 2 and 20 rupees and special banknotes of 25 and 250 rupees were issued for the first time. The legends found on the last issues of Gyanendra revert to Nepal
Nepal
sarakar (“Nepalese Government”), thus omitting the reference to the king. 2007 -2012[edit]

One rupee coin (2005)

One rupee coin (2009)

In October 2007, a 500 rupee note was issued on which the king’s portrait was replaced by Mt. Everest. This reflects the historic change from a kingdom to a republic which took place in May 2008 in Nepal. Further notes of 5, 10, 20, 50, 100 and 1000 rupees with Mt. Everest and without reference to the king in their legends followed in 2008. The first issues of the 500 and 1000 rupee notes were printed on paper which still had the king's crowned portrait as watermark in the "window" on the right part of the face of the notes. It was decided to print a red Rhododendron flower (Nepal's national flower) on top of the watermark. Notes of these denominations which were issued in 2009 and thereafter are printed on paper which has a Rhododenron flower as watermark instead of the royal portrait and were therefore released without the additional overprint in red. Banknotes[edit] See also: Nepalese banknotes On 17 September 1945, the government introduced notes for 5, 10 and 100 rupees, with the name mohru used in Nepalese.[4] There are also 25 and 250 rupees notes commemorating the Silver Jubilee of Birendra
Birendra
Bir Bikram Shah in 1997.[citation needed] Since 2007, Nepalese rupee banknotes have been produced by Perum Peruri, the National Mint Public Company of Indonesia. [5] In 2012, Nepal
Nepal
Rastra Bank issued a revised banknote series that are similar to the 2007 series, but now include inscriptions in English and the year of issue on the back.

2012 Mount Everest series (current)

Image Value Main Colour Description Date of issue

Obverse Reverse Obverse Reverse

5 Rupees Lilac, brown and green Mount Everest; temple of Taleju; obverse of coin Two yaks grazing; Mount Everest 2012

5 Rupees Lilac, brown and green Mount Everest; Kasthamandap Temple Yak 2017

10 Rupees Brown, green and lilac Mount Everest; Garud Narayan of Changu Narayan temple Three black bucks grazing; trees; bank logo 2012

20 Rupees Orange and Brown Mount Everest; temple of god Krishna of Patan; Garuda atop pillar Swamp deer; trees; mountain; bank logo 2012

50 Rupees Purple, Green and Blue Mount Everest; Rama-Janaki temple of Janakpur Male thar; mountains; bank logo 2012

50 Rupees Purple. Green and Blue Mount Everest; Rama-Janaki temple of Janakpur Snow leopard; bank logo 2016

100 Rupees Green and Lilac 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" One-horned rhinoceros in grassy plain; bank logo 2012

500 Rupees Brown and violet Mount Everest; god Indra; Mount Amadablam and Thyangboche monastery; wood carvings; clouds Two tigers drinking melted snow 2012

1,000 Rupees Blue and gray Mount Everest, Swayambhunath stupa & Harati temple Elephant 2013

For table standards, see the banknote specification table.

See also[edit]

Nepal
Nepal
portal

Economy of Nepal Nepalese coins Nepalese banknotes

Current NPR exchange rates

From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD RUB INR CNY

From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD RUB INR CNY

From XE: AUD CAD CHF EUR GBP HKD JPY USD RUB INR CNY

From OANDA: AUD CAD CHF EUR GBP HKD JPY USD RUB INR CNY

From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD RUB INR CNY

References[edit]

Agrawal (Giriya), Shyam and Gyawali, Kamal Prasad: Notes and Coins of Nepal. Nepal
Nepal
Rastra Bank Golden Jubilee Year 2005/06, Kathmandu, 2006. Bertsch, Wolfgang: "The Legends on the Banknotes of Nepal", International Banknote Society (IBNS) Journal, vol. 48, no. 3, 2009, p. 39-44. Jha, Hari Jaya: An Overview of Nepalese Paper Money. Manjeeta Jha, Lalitpur (Patan), B.S. 2058 (= A.D. 2001). Lorenzoli, Giovanni: “Nepali artistic buildings as seen on Nepali notes”. Journal of the International Banknote Society, vol. 43, no. 3 (2004), p. 6-14. Shrestha, Ramesh: Nepalese Coins & Bank Notes (1911 to 1955). Kazi Mudhusudan Raj Bhandary, Kathmandu, 2007. Wittmann, Hans: Die Banknoten des Königreichs Nepal. Unpublished, Wiesbaden, 2002.

^ " Nepal
Nepal
Rastra Bank". nrb.org.np. Retrieved 13 June 2016.  ^ ‘ Nepal
Nepal
to keep currency pegged to Indian rupee’ Business Line ^ http://users.erols.com/kurrency/asia.htm ^ Linzmayer, Owen (2012). "Nepal". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.  ^ http://majalah.tempointeraktif.com/id/arsip/2010/05/03/EB/mbm.20100503.EB133448.id.html

Sources[edit]

Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.  Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9. 

External links[edit]

Heiko Otto (ed.). "Historical and current banknotes of Nepal" (in English and German). Retrieved 2017-05-29. 

v t e

Currencies named rupee or similar

Circulating

Indian rupee
Indian rupee
(रुपया) Indonesian rupiah Maldivian rufiyaa
Maldivian rufiyaa
(ދިވެހި ރުފިޔ) Mauritian rupee
Mauritian rupee
(roupie) Nepalese rupee
Nepalese rupee
(रूपैयाँ) Pakistani rupee
Pakistani rupee
(روپي) Seychellois rupee
Seychellois rupee
(roupi, roupie) Sri Lankan rupee
Sri Lankan rupee
(රුපියල්)

Obsolete

Afghan rupee Burmese rupee

Japanese occupation rupee

Danish Indian rupee East African rupee French Indian rupee
Indian rupee
(roupie) German East African rupie Gulf rupee
Gulf rupee
(روپيه‎) Hyderabadi rupee
Hyderabadi rupee
(रुपया, రూపాయి) Italian Somaliland rupia Javan rupee Mombasan rupee Netherlands Indian roepiah Portuguese Indian rupia Riau rupiah Travancore rupee West Irian rupiah Zanzibari rupee (روپيه‎)

Conceptual

Petrorupee

Fictional

Hylian rupee (ルピー)

See also

History of the rupee Nepalese mohar

v t e

Currencies of Asia

Central

Kazakhstani tenge Kyrgyzstani som Tajikistani somoni Turkmenistan manat Uzbekistani soʻm

East

Chinese yuan Hong Kong dollar Japanese yen North Korean won South Korean won Macanese pataca Mongolian tögrög New Taiwan dollar

unrecognized

North

Russian ruble

South

Afghan afghani Bangladeshi taka Bhutanese ngultrum Indian rupee Maldivian rufiyaa Nepalese rupee Pakistani rupee Sri Lankan rupee Pound sterling

British Indian Ocean Territory

U.S. dollar

British Indian Ocean Territory

Southeast

Brunei dollar Burmese kyat Cambodian riel East Timorese centavo Indonesian rupiah Lao kip Malaysian ringgit Philippine peso
Philippine peso
(piso) Singapore dollar Thai baht U.S. dollar

East Timor

Vietnamese đồng

West

Abkhazian apsar

unrecognized

Armenian dram Artsakh dram

unrecognized

Azerbaijani manat Bahraini dinar Egyptian pound

Gaza Strip

Euro

Cyprus

Georgian lari Iranian rial Iraqi dinar Israeli new shekel Jordanian dinar Kuwaiti dinar Lebanese pound Omani rial Russian ruble
Russian ruble
( Abkhazia
Abkhazia
(unrecognized) and South Ossetia (unrecognized)) Qatari riyal Saudi riyal Syrian pound Turkish lira UAE

.