Nepalese rupee (NPR)

The Nepalese rupee (symbol: ₨, code: NPR) is the official currency of Nepal, subdivided into 100 paisa. Issued by Nepal Rastra Bank, the Nepalese rupee was introduced in 1932, replacing the Nepalese mohar at a rate of two mohars per rupee. The currency has been pegged to the Indian rupee at a fixed rate of 1.6 Nepalese rupees to 1 Indian rupee since 1993, maintaining close economic ties with neighboring India.