The Nepalese rupee Nepali: NPR is the official currency of Nepal. The Nepalese rupee was introduced in and it replaced the Nepalese mohar at 2: Nepalese rupee is subdivided into paisa.

The issuance of the currency is controlled by the Nepal Rastra Bank. The Nepalese rupee is pegged to the Indian rupee at 1. At first, the rupee was called the mohru in Nepali. Its value was pegged to the Indian rupee in at a rate of 1.

The early banknotes which were issued between and 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 in the same time.

Everest Bank

These early notes were printed by the Indian Security Press in Nashik and do not have any security features, except for the water marks and the special paper on which they are printed. Starting with King Mahendra who succeeded to his father Tribhuvan inthe banknotes were issued by Nepal Rastra Bank Nepal National Bank which was founded in April The signature of the governors of this institution is found on the banknotes which were issued after this date.

Two series of banknotes were issued during the rule of king Mahendra: The second series comprised for the first time notes of the high value of and rupees.

The first series features the king wearing 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 rupees were issued for the dow jones irwin guide to trading systems time.

This reflects the historic change from a kingdom to a republic which took place in May in Nepal. Further notes of 5, 10, 20, 50, and rupees with Mt.

Everest and without reference to the king in their legends followed in The first issues of the and rupee notes were printed on paper which still had the king's crowned portrait as watermark in the "window" on the right part of the face of the notes.

It was decided to print a red Rhododendron flower Nepal's national flower on top of the watermark. Notes of these denominations which were issued brazil stock market p/e ratio and thereafter are printed on paper which has a Rhododenron flower as watermark instead of the royal portrait and were therefore released without the additional overprint in red.

On 17 Septemberthe government introduced notes for 5, 10 and rupees, with the name mohru used in Nepalese. InNepal Rastra Bank issued a revised banknote series that are similar to the series, but now include inscriptions in English and the year of issue on the back.

From Wikipedia, the free encyclopedia. Retrieved 13 June Standard Catalog of World Coins: Standard Catalog of World Paper Money: Bruce II and Neil Shafer editors 7th fairway market stock symbol. Currencies named rupee or similar. History of the rupee Nepalese mohar.

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