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Nepalese rupee History
Posted: 13 October 2021 07:36 PM  
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Total Posts:  2
Joined  2021-10-13

The rupee was introduced in 1932, replacing the silver mohar at a rate of 2 mohar = 1 rupee. At first, the rupee was called the Mohru in Nepali
During King Birendra’s rule, one can also distinguish between two major series of banknotes. The first series features the king wearing the 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 250 rupees were issued for the first time. The legends found on the last issues of Gyanendra revert to Nepal sarkar (“Nepalese government”), thus omitting the reference to the king.
In October 2007, a 500-rupee note was issued on which the king’s portrait was replaced by Mount Everest. This reflects the historic change from a kingdom to a republic which took place in May 2008 in Nepal. Further notes of 5, 10, 20, 50, 100 and 1000 rupees with Mount Everest and without reference to the king in their legends followed in 2008. The first issues of the 500- and 1000-rupee notes were printed on paper which still had the king’s crowned portrait as a 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 in 2009 and thereafter are printed on paper which has a Rhododendron flower as watermark instead of the royal portrait and were therefore released without the additional overprint in red.
Today’s Best Nepal Rupees to USD Exchange Rate:
NPR USD
5 NPR 0.04 USD
10 NPR 0.08 USD
20 NPR 0.18 USD
50 NPR 0.42 USD
100 NPR 0.83 USD

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