The currency of Nepal is Rupee, which is denoted as “Rs.” and has ISO 1427 code of NPR. The rupee is subdivided into 100 paisa. Silver coins of 20 and 50 paisa and 1 Rupee were introduced in 1932. Then coins made up of copper were issued in denomination of 1, 2 and 5 paisa from 1933 to 1935. After two decades another series of coins were issued consisting of 1, 2 and 4 paisa coins made up of brass, 5 and 10 paisa made up of bronze, 20, 25 and 50 paisa and 1 Rupee made up of cupro-nickel.

The recent coins which are in use right now are 1, 5, 25 and 50 paisa made up of aluminum, 10 paisa made up of brass, and 1, 2, 5 and 10 Rupee made up of brass-plated steel.

First banknotes were introduced in 1951, with denomination of 1, 5, 10 and 100 Rupee. In 1972 the State Bank issued notes of 500 and 1000. Later on 2, 50 and 20 Rupee notes were also issued. 1 and 2 rupee notes have been discontinued but it is still in circulation. 1 rupee note features the picture of Ama Dablam, a Himalayan Peak.

Nepal Currency Rupee

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April 7, 2011 | Afifa Gillani | No Comments | 661 views