Nepal, a picturesque country situated in the Himalayas, uses the “Nepalese Rupee” as its official currency. The Nepalese Rupee is abbreviated as “Rs,” and its currency code is “NPR.”
The Rupee is further divided into 100 smaller units called paisa. However, due to its low value, paisa coins are rarely used in everyday transactions.
The Nepalese Rupee is essential for all types of financial activities in Nepal, from buying groceries in local markets to paying for services and utilities. It’s also widely used in the tourism industry, as Nepal is a popular destination for trekkers and mountaineers.
The currency features banknotes with colorful designs and images representing Nepal’s rich cultural heritage, including iconic landmarks and Mount Everest, the world’s tallest peak.
The Nepal Rastra Bank, the central bank of Nepal, is responsible for issuing and regulating the Nepalese Rupee to ensure its proper circulation and stability in the country’s economy.