Currency of Nepal: Nepalese Rupee
Nepalese Rupee ยท NPR ยท National
Who Issues Nepalese Rupee in Nepal
The monetary framework in Nepal uses the Nepalese Rupee (NPR) as its national unit. The currency is displayed as NPR here, and standardized financial datasets identify it numerically as ISO 4217 code 524. The currency is not treated as freely floating: its framework includes a documented exchange-rate peg.
Nepal Rastra Bank manages the Nepalese Rupee within Nepal's national monetary system and also maintains the documented exchange-rate link attached to NPR. In Nepal, that exchange-rate link does not change NPR's status as a national currency.
When checking Nepalese Rupee values in Nepal, Nepal Rastra Bank manages the monetary framework for the Nepalese Rupee in Nepal. NPR is therefore a nationally administered currency rather than an externally issued unit.
Exchange Rate for NPR
For readers comparing NPR, match both the currency pair and the observation date before comparing reference rates. Actual conversion costs depend on the provider's spread, fees and timing.
Banknotes and Coins
Banknotes
Nepal Rastra Bank lists eleven note denominations in circulation: Rs1, Rs2, Rs5, Rs10, Rs20, Rs25, Rs50, Rs100, Rs250, Rs500 and Rs1,000.
Coins
Nepal Rastra Bank's Mint Division manages circulation coins of Rs1 and Rs2.
Frequently Asked Questions
What currency is used in Nepal?
The Nepalese Rupee (NPR) is the national currency of Nepal. Nepal Rastra Bank is responsible for the domestic monetary framework. The exchange-rate framework for NPR in Nepal also includes the documented peg or managed link shown on this guide.
Who manages the currency system in Nepal?
Nepal Rastra Bank is the main monetary authority identified for Nepal.
Are the exchange rates for Nepal real-time?
When reading an NPR conversion, a supported conversion is based on the latest reference observation available to the tool, with the observation date shown. It should not be read as a live executable quote. That preserves the quoted pair easy to interpret.
Sources & methodology
Nepal Rastra Bank is the principal reference used here for institutional facts about Nepalese Rupee in Nepal. NPR identification follows ISO 4217, while exchange-arrangement classification is kept separate from dated market observations. It keeps the exchange-rate context transparent.
View sources used for this page
- Nepal Rastra Bank - official website
- SIX - ISO 4217 Maintenance Agency
- IMF - Annual Report on Exchange Arrangements and Exchange Restrictions
- BIS - central bank directory and institutional cross-check
- Frankfurter - latest public reference-rate feed used by the converter
- Nepal Rastra Bank - notes currently in circulation
- Nepal Rastra Bank - Mint Division circulation coins