Nepalese rupee

Nepalese rupee

रुपैयाँ (Nepali)
ISO 4217
Code	NPR (numeric: 524)
Subunit	0.01
Unit
Symbol	रु.‎
Denominations
Subunit
1⁄100	Paisa
Banknotes
Freq. used	रु. 5, रु. 10, रु. 20, रु. 50, रु. 100, रु. 500, रु. 1000
Rarely used	रु. 1, रु. 2, रु. 25, रु. 250
Coins
Freq. used	रु. 1, रु. 2
Rarely used	1, 5, 10, 25, 50 paisa, रु. 5, रु. 10
Demographics
Date of introduction	1932
User(s)	Kingdom of Nepal (1932–2008)    Federal Democratic Republic of Nepal (2008–present)
Issuance
Central bank	Nepal Rastra Bank
Website	www.nrb.org.np
Valuation
Inflation	3.6% (2021)
Source	Statista
Pegged with	Indian rupee (₹)[1] ₹1 = रु.1.60 (buy) ₹1 = रु.1.6015 (sell)

The Nepali rupee (Nepali: रुपैयाँ; symbol: रु.; code: NPR) is the official currency of the Federal Democratic Republic of Nepal. The Nepali rupee is subdivided into 100 paisa. The issuance of the currency is controlled by the Nepal Rastra Bank, the central bank of Nepal. The Nepali rupee was introduced in 1932 when it replaced the Nepalese mohar at the rate 2:1.^{[citation needed]}

The Nepali rupee (रु.) has been pegged to the Indian rupee (₹) at the rate रु.1.60 = ₹1 since 1994; prior to this, it had been pegged at the rate रु.1.45 = ₹1.^[2]