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LOCAL CURRENCY IN NEPAL

Need to know how much is your money worth in Nepal? The money used in Nepal is called Rupee.

The Nepalese Rupee is issued and managed by the Nepal Rastra Bank. To find out the current currency exchange rates for Rupee to other major currencies of the world, click on foreign currency rates.

Nepalese Currency Information
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The currency used in Nepal is called as the Rupee. This currency is denoted with the currency sign Rs or ? or ??. and the ISO 4217 Code for the Nepalese Rupee is NPR. The Rupee, is the official currency of the Nepal . It is divided into 100 smaller units called paisa.

The constitution of Nepal provides that the Nepal government shall have the power to print the Nepalese Rupee and paisa coins to be used as a legal tender in Nepal. The Nepalese Rupee bank notes and Paisa coins are both designated as "legal tender" in payment of debts.

The Nepalese Rupee bill uses the decimal system, consisting of 100 equal units.

The symbol Rs or ? or ??., usually written before the numerical amount, is used for the Nepalese Rupee.

Currently printed bank notes denominations are Rs. 5, Rs. 10, Rs. 20, Rs. 25 Rs. 50, Rs. 100, Rs. 500, Rs. 1000 Re. 1, Rs. 2 and the coins are minted in the denominations of 1, 5, 10, 25, 50 paisa, Re. 1, Rs. 2, Rs. 5, Rs. 10 .

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How Does Balance of Trade and Investment Affect the Value of the Nepalese Rupee
Financial analysts regularly cite the balance of trade and investment in Nepal as the most important influence on the value of the Rupee. The difference between what the Nepal exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Rupee exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Rupee exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Nepalese Rupee.
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