Currency - Nepalese rupee

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Nepalese rupee

The Nepalese Rupee (रूपैयाँ, symbol: रू, Rs.; code: NPR) is the official currency of the Federal Democratic Republic of Nepal. The Nepalese rupee is subdivided into 100 paisa. The issuance of the currency is controlled by the Nepal Rastra Bank, the central bank of Nepal. The Nepalese rupee was introduced in 1932, when it replaced the Nepalese mohar at the rate 2:1.

Prior to 1994, the Nepalese rupee (रू) was pegged to the Indian Rupee (₹) at the rate रू1.45 = ₹1, however since then it has been pegged at the rate रू1.60 = ₹1 currently.

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 in 1994 at a rate of 1.6 Nepalese rupees = 1 Indian rupee.

The early banknotes which were issued between 1945 and 1955 during the rule of King Tribhuvan were not put into circulation by a Central Bank which did not exist in Nepal at that time. The issuing authority was the treasury which had the name Sadar Muluki Khana. Therefore, the notes of king Tribhuvan were not signed by a bank governor, but by a Kajanchi (head of the treasury) who was a high Hindu priest at 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 watermarks and the special paper on which they are printed.

Starting with King Mahendra who succeeded to his father Tribhuvan in 1955, the banknotes were issued by Nepal Rastra Bank (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 Sarkar" which literally means “the government of the five times honoured”) and remained this way during the rule of 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.

During King Birendra’s rule, one can also distinguish between two major series of banknotes. The first series features the king wearing the 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 sarkar (“Nepalese Government”), thus omitting the reference to the king.

Country

Nepal

Nepal (नेपाल ), officially the Federal Democratic Republic of Nepal (सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in South Asia. It is located mainly in the Himalayas but also includes parts of the Indo-Gangetic Plain. With an estimated population of 26.4 million, it is 48th largest country by population and 93rd largest country by area. It borders China in the north and India in the south, east, and west while Bangladesh is located within only 27 km (17 mi) of its southeastern tip and Bhutan is separated from it 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 largest city. Nepal is a multiethnic nation with 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 India when Hinduism was founded, the predominant religion of the country. In the middle of the first millennium BCE, Gautama Buddha, the founder of Buddhism, was born in Lumbini in southern Nepal. Parts of northern Nepal were intertwined with the culture of Tibet. The centrally located Kathmandu Valley is intertwined with the culture of Indo-Aryans, and was the seat of the prosperous Newar confederacy known as Nepal Mandala. The Himalayan branch of the ancient Silk Road was dominated by the valley's traders. The cosmopolitan region developed distinct traditional art and architecture. By the 18th century, the Gorkha Kingdom achieved the unification of Nepal. The Shah dynasty established the Kingdom of Nepal and later formed an alliance with the British Empire, under its Rajput Rana dynasty of premiers. The country was never colonized but served as a buffer state between Imperial China and British India. Parliamentary democracy was introduced in 1951, but was twice suspended by Nepalese monarchs, in 1960 and 2005. The Nepalese Civil War in the 1990s and early 2000s resulted in the proclamation of a secular republic in 2008, ending the world's last Hindu monarchy.

Language

Nepalese rupee (English)  Rupia nepalese (Italiano)  Nepalese roepie (Nederlands)  Roupie népalaise (Français)  Nepalesische Rupie (Deutsch)  Rupia nepalesa (Português)  Непальская рупия (Русский)  Rupia nepalí (Español)  Rupia nepalska (Polski)  尼泊尔卢比 (中文)  Nepalesisk rupie (Svenska)  ネパール・ルピー (日本語)  Непальська рупія (Українська)  Непалска рупия (Български)  네팔 루피 (한국어)  Nepalin rupia (Suomi)  Rupee Nepal (Bahasa Indonesia)  Nepalo rupija (Lietuvių)  Nepalesiske rupee (Dansk)  Nepálská rupie (Česky)  Nepal rupisi (Türkçe)  Непалска рупија (Српски / Srpski)  Nepali ruupia (Eesti)  Nepáli rúpia (Magyar)  Nepalska rupija (Hrvatski)  รูปีเนปาล (ไทย)  Ρουπία Νεπάλ (Ελληνικά)  Rupee Nepal (Tiếng Việt) 
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