Nepalese Rupee (NPR): Definition, History, Currency Symbol

(Many of the links in this article redirect to a specific reviewed product. Your purchase of these products through affiliate links helps to generate commission for LiveWell, at no extra cost. Learn more)

Deep Dive into the Nepalese Rupee (NPR)

Are you curious about the Nepalese Rupee (NPR)? In this article, we will explore the definition, history, and currency symbol of Nepal’s official currency. The Nepalese Rupee is an integral part of the country’s financial system and plays a crucial role in its economy. Let’s dive in and learn more about this fascinating currency.

What is the Nepalese Rupee (NPR)?

The Nepalese Rupee (NPR) is the official currency of Nepal, a beautiful landlocked country in South Asia. The currency holds significant importance in the financial transactions conducted within the nation. The Nepalese Rupee is issued and regulated by the Nepal Rastra Bank, which is the central bank of the country. One Nepalese Rupee is subdivided into 100 paisa, though due to its decreasing value, paisa coins are no longer in circulation in Nepal.

History of the Nepalese Rupee

The history of the Nepalese Rupee dates back to ancient times. During the reign of the Shah dynasty, various currencies including mohar, dam, and paisa were in circulation in Nepal. However, it was only in 1932 that the Nepalese Rupee was introduced as the official currency, replacing the mohar system. The first coins and banknotes were issued in the same year, with King Tribhuvan’s portrait featured on the early banknotes.

Over the years, the Nepalese Rupee has undergone several changes to meet the evolving needs of the country’s economy. New coins and banknotes featuring the images of different Nepalese kings, famous personalities, and historical landmarks have been introduced.

Currency Symbol

The currency symbol for the Nepalese Rupee is रू. It is represented by the Devanagari script, which is widely used in Nepal. The symbol reflects the rich cultural heritage of the country and is recognized by both locals and foreigners. When dealing with Nepalese Rupee in written form, you will often encounter this symbol, denoting the currency and making it easily distinguishable.

Final Thoughts

The Nepalese Rupee (NPR) is more than just a means of exchange in Nepal. It represents the nation’s history, culture, and financial identity. Understanding the Nepalese Rupee and its significance can help you navigate the financial landscape of Nepal with ease.

Now that you have learned about the definition, history, and currency symbol of the Nepalese Rupee (NPR), you are well-equipped with the knowledge to appreciate this fascinating currency. Whether you are planning to visit Nepal or simply curious about currencies around the world, the Nepalese Rupee is definitely worth exploring.

• The Nepalese Rupee (NPR) is the official currency of Nepal.
• The currency symbol for the Nepalese Rupee is रू.