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Nepalese Rupees
The Nepalese rupee (; currency sign, sign: रु; ISO 4217, 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 fixed exchange rate, pegged to the Indian rupee at a rate of रु1.60 = ₹1, having previously been pegged at रु1.45 = ₹1. , 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. History The rupee was introduced in 1932, replacing the silver Nepalese mohar, mohar at a rate of 2 mohar = 1 rupee. At first, the rupee was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Rupee
The Indian rupee (symbol: ₹; code: INR) is the official currency of India. The rupee is subdivided into 100 '' paise'' (Hindi plural; singular: ''paisa''). The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank derives this role from powers vested to it by the Reserve Bank of India Act, 1934. Etymology Pāṇini (6th to 4th century BCE), the ancient Indian grammarian and logician, writes of the (). While it is unclear whether Panini was referring specifically to coinage, some scholars conclude that he uses the term ''rūpa'' to mean a piece of precious metal (typically silver) used as a coin, and a ''rūpya'' to mean a stamped piece of metal, a coin in the modern sense. The ''Arthashastra'', written by Chanakya, prime minister to the first Maurya emperor Chandragupta Maurya (), mentions silver coins as . Other types of coins, including gold coins (), copper coins (), and lead coins (), are also mentioned. The immediate precursor to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nepal Rastra Bank
The Nepal Rastra Bank (NRB; ) was established on April 26, 1956 A.D. (Nepali Date: Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibilities including guiding the development of the embryonic domestic financial sector. The NRB is functioning under the new Nepal Rastra Bank Act, 2002. The functions of NRB are to formulate required monetary and foreign exchange policies so as to maintain the stability in market prices, to issue currency notes, to regulate and supervise the banking and financial sector, to develop efficient payment and banking systems among others. The NRB is also the economic advisor to the government of Nepal. As the central bank of Nepal, it is the monetary, supervisory and regulatory body of all the commercial banks. development banks, finance companies and micro-finances institutions. The central office is located in Baluwatar, Kathmandu and it has eight provincial offices, located at Biratnagar, Janakpur, B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Birendra
Birendra Bir Bikram Shah Dev (; 29 December 1945 – 1 June 2001) was King of Nepal from 1972 until his assassination in 2001. Early life and education Birendra was born at the Narayanhiti Royal Palace in Kathmandu as the eldest son of the then Crown Prince Mahendra Bir Bikram Shah Dev and his first wife, Crown Princess Indra Rajya Lakshmi Devi. Birendra spent eight years studying at St Joseph's School, a Jesuit school in Darjeeling, with his brother Gyanendra. On 13 March 1955, their grandfather King Tribhuvan died and their father succeeded the Nepalese throne. With his father's ascension, Birendra became the crown prince of Nepal. In 1959, Birendra was enrolled at Eton College in the United Kingdom. After studying at Eton until 1964, he returned to Nepal where he began to explore the country by traveling on foot to the remote parts of the country where he lived humbly with what was available in the villages. He later completed his education by spending some time ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nepal Five Rupese Coins BS 2053
Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain. It borders the Tibet Autonomous Region of China to the north, and India to the south, east, and west, while it is narrowly separated from Bangladesh by the Siliguri Corridor, and from Bhutan by the Indian state of Sikkim. Nepal has a diverse geography, including fertile plains, subalpine forested hills, and eight of the world's ten tallest mountains, including Mount Everest, the highest point on Earth. Kathmandu is the nation's capital and List of cities in Nepal, its largest city. Nepal is a multi-ethnic, multi-lingual, multi-religious, and multi-cultural state, with Nepali language, Nepali as the official language. The name "Nepal" is first recorded in texts from the Vedic period of the Indian subcontinent, the era in ancient Nepal when Hinduism was founded, the predominant religio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gurkha
The Gurkhas or Gorkhas (), with the endonym Gorkhali ( Nepali: गोर्खाली ), are soldiers native to the Indian subcontinent, chiefly residing within Nepal and some parts of North India. The Gurkha units consist of Nepali and (in India) Indian Gorkha, Nepali-speaking Indian people. They are recruited for the Nepali Army (96,000), the Indian Army (42,000), the British Army (4,010), the Gurkha Contingent in Singapore, the Gurkha Reserve Unit in Brunei, and for UN peacekeeping forces and in war zones around the world. Ordinary citizens of the two demographic groups become a Gurkha by applying for, and passing, the selection and training process. Gurkhas are closely associated with the '' khukuri'', a forward-curving knife, and have a reputation for fearless military prowess. Former Indian Army Chief of Staff Field Marshal Sam Manekshaw once stated that: Origins Historically, the terms "Gurkha" and "Gorkhali" were synonymous with "Nepali", which originates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nepali Language
Nepali (; , ), or ''Gorkhali'' is an Indo-Aryan languages, Indo-Aryan language native to the Himalayas region of South Asia. It is the official and most widely spoken Languages of Nepal, language of Nepal, where it also serves as a ''lingua franca''. Nepali has Languages with official status in India, official status in the Indian state of Sikkim and in the Gorkhaland Territorial Administration of West Bengal. It is spoken by about a quarter of Bhutan's population. Nepali also has a significant number of speakers in the Indian states of Arunachal Pradesh, Assam, Himachal Pradesh, Manipur, Meghalaya, Mizoram and Uttarakhand. In Myanmar it is spoken by the Burmese Gurkhas. The Nepali diaspora in the Middle East, Brunei, Australia and worldwide also use the language. Nepali is spoken by approximately 19 million native speakers and another 14 million as a second language. Nepali is commonly classified within the Eastern Pahari group of the Northern Indo-Aryan languages, Northern zo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed Exchange Rate
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a currency basket, basket of other currencies, or another measure of value, such as gold standard, gold or silver standard, silver. There are benefits and risks to using a fixed exchange rate system. A fixed exchange rate is typically used to stabilize the exchange rate of a currency by directly fixing its value in a predetermined ratio to a different, more stable, or more internationally prevalent currency (or currencies) to which the currency is pegged. In doing so, the exchange rate between the currency and its peg does not change based on market conditions, unlike in a floating exchange rate, floating (flexible) exchange regime. This makes trade and investments between the two currency areas easier and more predictable and is especially useful for small economies that borrow p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohar
The Mohur is a gold coin that was formerly minted by several governments, including British India and some of the princely states which existed alongside it, the Mughal Empire, Maratha Empire, Kingdom of Nepal, and Persia (chiefly Afghanistan). It was usually equivalent in value to fifteen silver rupees. It was last minted in British India in 1918, but some princely states continued to issue the coins until their accession to India after 1947. Similar coins were also issued by the British authorities in denominations of mohur (10 rupees), mohur (5 rupees) and the double mohur (30 rupees), and some of the princely states issued half-mohur coins (equal to 7 rupees and 8 anna). The ''mohur'' coin was first introduced by Sher Shah Suri of Sur Empire during his rule in India between 1540 and 1545 and was then a gold coin weighing 169 grains (10.95 grams). He also introduced copper coins called ''dam'' and silver coins called ''rupiya'' that weighed 178 grains (11.53 gra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paisa
Paisa (also transliterated as ''pice'', ''pesa'', ''poysha'', ''poisha'' and ''baisa'') is a monetary unit in several countries. The word is also a generalised idiom for money and wealth. In India, Nepal, and Pakistan, the ''paisa'' currently equals of a rupee. In Bangladesh, the ''paisa'' equals of a Bangladeshi taka. In Oman, the ''baisa'' equals of an Omani rial. Etymology The word ''paisa'' is from the Sanskrit term ''padāṁśa'' (, basic unit), meaning 'quarter part base', from ''pada'' () "foot or quarter or base" and ''aṁśa'' () "part or unit". The pesa was also in use in colonial Kenya. The colloquial term for money in Burmese, ''paiksan'' (), is derived from the Hindi term ''paisa'' (). History Chaulukya coins were often called "Gadhaiya Paise" (9th–10th century CE). Until the 1950s in India and Pakistan (and before 1947 in British India), the paisa (back then spelled as ''pice'' in English) was equivalent to 3 pies, of an anna, or of a rupee. After the t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nepal
Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain. It borders the Tibet Autonomous Region of China China–Nepal border, to the north, and India India–Nepal border, to the south, east, and west, while it is narrowly separated from Bangladesh by the Siliguri Corridor, and from Bhutan by the States and union territories of India, Indian state of Sikkim. Nepal has a Geography of Nepal, diverse geography, including Terai, fertile plains, subalpine forested hills, and eight of the world's ten List of highest mountains#List, tallest mountains, including Mount Everest, the highest point on Earth. Kathmandu is the nation's capital and List of cities in Nepal, its largest city. Nepal is a multi-ethnic, multi-lingual, multi-religious, and multi-cultural state, with Nepali language, Nepali as the official language. The name "Nepal" is first record ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Tender
Legal tender is a form of money that Standard of deferred payment, courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which, when offered ("tendered") in payment of a debt, extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal cheque, checks, credit c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
