NPRNepalese RupeeNepalese Rupee (NPR)
The Nepalese rupee is Nepal's official currency and legal tender. Nepal Rastra Bank issues Nepalese currency notes and coins and manages the country's domestic currency supply. NPR is the ISO code used for the rupee in international payment and exchange-rate systems, and one rupee is divided into 100 paisa. Nepal Rastra Bank publishes a separate official exchange-rate table for the Indian rupee and an open-market table for other currencies. That distinction is important: the bank's own page labels the INR rate as fixed by Nepal Rastra Bank, while open-market rates quoted by different banks may differ.
- ISO code
- NPR
- Symbol
- Rs.
- Region
- Asia Pacific
- Currency type
- Fiat currency
- Exchange system
- Nepalese Rupee operates under the reviewed fixed relationship with inr alongside open-market rates for other currencies arrangement, with Indian rupee at the official Nepal Rastra Bank relationship.
- Last reviewed
Convert this currency
NPR converter
NPRRate date:
Quick facts
NPR at a glance
Currency profile
How NPR works
The Nepalese rupee is Nepal's official currency and legal tender. Nepal Rastra Bank issues Nepalese currency notes and coins and manages the country's domestic currency supply. NPR is the ISO code used for the rupee in international payment and exchange-rate systems, and one rupee is divided into 100 paisa. Nepal Rastra Bank publishes a separate official exchange-rate table for the Indian rupee and an open-market table for other currencies. That distinction is important: the bank's own page labels the INR rate as fixed by Nepal Rastra Bank, while open-market rates quoted by different banks may differ.
Nepal Rastra Bank administers NPR within a fixed relationship with inr alongside open-market rates for other currencies system.
- The Nepalese rupee is Nepal's established national currency administered by Nepal Rastra Bank.
- The reviewed cash profile records NPR 5, NPR 10, NPR 20, NPR 50, NPR 100, NPR 500, NPR 1,000 for banknotes and NPR 1, NPR 2, NPR 5, NPR 10 for coins.
Context
Why this currency matters
The Nepalese rupee has a formal fixed relationship with the Indian rupee. Nepal Rastra Bank's published rate table quotes INR in units of 100, and the relationship is commonly expressed as INR 100 = NPR 160. This arrangement reflects Nepal's close trade and economic links with India, but it should not be used to predict future exchange rates or to assume that every private provider will quote the same customer price. Nepal Rastra Bank also publishes buying and selling rates for USD, EUR, GBP, CHF, AUD, CAD, SGD, JPY and other currencies, while noting that open-market rates can differ among banks. NPR conversion results should therefore display both the rate date and the source context. Nepal's rupee has an official relationship with the Indian rupee, and the Nepal Rastra Bank publishes the relevant reference table. That arrangement helps clarify why NPR can move differently against other currencies through cross-rates.
Monetary framework
Exchange arrangement
Nepalese Rupee operates under the reviewed fixed relationship with inr alongside open-market rates for other currencies arrangement, with Indian rupee at the official Nepal Rastra Bank relationship.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for NPR
Nepalese rupee introduced
Nepal introduced the rupee as a national unit, replacing the silver mohar system.
Nepal Rastra BankNepal Rastra Bank established
The central bank took responsibility for currency issuance and monetary management.
Nepal Rastra BankCurrent INR relationship set
The fixed relationship was established at INR 100 to NPR 160.
Nepal Rastra Bank
Usage and economy
How NPR is used
- NPR denominates Nepalese retail prices, salaries, taxes and bank accounts.
- The INR link and large remittance economy make comparisons with INR, USD and Gulf currencies important.
Banknotes and coins
NPR currency units
The issuing authority documents the reviewed NPR banknote denominations used in the current cash system.
The issuing authority documents the circulation coin system for NPR.
One Nepalese Rupee unit is recorded with 2 decimal places and uses Paisa as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
NPR questions
Is the Nepalese rupee fixed to the Indian rupee?
Nepal Rastra Bank publishes a fixed INR rate. Its table quotes INR 100 at NPR 160, while rates for other currencies are shown in an open-market section.
Why can Nepalese banks show different rates?
Nepal Rastra Bank notes that open-market rates quoted by different banks may differ. Buying, selling, spreads and fees can affect the final customer amount.
What changed for NPR in 1932?
Nepal introduced the rupee as a national unit, replacing the silver mohar system.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.