Country ISO code: NP

Official language: Nepali

Language ISO code: ne

Current official currency: Nepalese Rupee

Currency ISO code: NPR

Complete Financial History of Nepal (संघीय लोकतान्त्रिक गणतन्त्र नेपाल)

Current official currency: Nepalese Rupee (नेपाली रुपैयाँ)

• ISO code: NPR

• Symbol: Rs, रू

• Singular name: Rupee (रुपैयाँ)

• Plural name: Rupees (रुपैयाँ)

• Monetary subdivision: 1 Rupee = 100 Paisa (पैसा)

• Fraction singular name: Paisa (पैसा)

• Fraction plural name: Paisa (पैसा)

• Initial production date: 1932 (first Nepalese Rupee coins)

• Final production date: Still in production

• Initial circulation date: 1932

• Final circulation date: Still in circulation

• Mint: Nepal Rastra Bank Mint and contracted international mints

• Issuing bank: Nepal Rastra Bank (Central Bank of Nepal)

Coin denominations

• 1 Paisa

• 5 Paisa

• 10 Paisa

• 25 Paisa

• 50 Paisa

• 1 Rupee

• 2 Rupees

• 5 Rupees

• 10 Rupees

Banknote denominations

• 5 Rupees

• 10 Rupees

• 20 Rupees

• 50 Rupees

• 100 Rupees

• 500 Rupees

• 1000 Rupees

Economic and historical context

• Nepalese Rupee was introduced in the early 20th century, replacing earlier currencies including Indian Rupee and other local currencies.

• The currency is pegged to the Indian Rupee at a fixed rate (1.60 NPR = 1 INR), reflecting close economic ties.

• Nepal Rastra Bank manages monetary policy, currency issuance, and inflation control.

• The economy is largely agrarian, with growing sectors in tourism and remittances affecting currency stability and demand.

Minting and production locations

• Coins are minted at the Nepal Rastra Bank Mint in Kathmandu and by international mints under contract.

Designs and symbols on coins and banknotes

• Coins and banknotes feature images of national symbols such as Mount Everest, rhododendron (national flower), and portraits of kings and national leaders.

• Banknotes also depict cultural heritage sites and important historical figures.

Production volumes, honorees, and seals

• Specific production volumes are not publicly detailed.

• Commemorative coins and special edition banknotes have been issued for national events.

Commemorative coins and curiosities

• Nepal issues commemorative coins celebrating cultural, historical, and environmental themes.

Current circulation status

• Nepalese Rupee is the sole legal tender and actively circulating currency in Nepal.

Issuing authority

• Nepal Rastra Bank (Central Bank of Nepal)

Relevant monetary legislation

• Regulated by the Nepal Rastra Bank Act and other financial laws governing currency issuance and monetary policy.

Names and titles of banknote signatories

• Banknotes bear signatures of the Governor of Nepal Rastra Bank.

List of persons honored on coins and banknotes

• Banknotes feature portraits of former monarchs and national leaders; coins highlight national symbols and cultural motifs.

Official language recognized by the state for administrative, legislative, judicial, monetary, and educational use:
Nepali is the official language of Nepal, used in all official domains including administration, legislation, judiciary, finance, and education.