Nepalese Rupee

The Nepalese rupee is the official currency of Nepal. The Nepalese rupee was introduced in 1932 and it is subdivided into 100 paisa. The rupee is pegged to the Indian rupee at a rate of 1.6 Nepalese rupees to 1 Indian rupee. The Nepalese rupee is minted by the Nepal government. The Nepalese rupee is not legal tender in India. Nepal is a landlocked country located in the Himalayas. Nepal is bordered by China and India. Nepal has a population of approximately 26.4 million people. The capital of Nepal is Kathmandu. The official language of Nepal is Nepali. The currency of Nepal is the Nepalese rupee. Nepal is a developing country with a lower-middle-income economy. Nepal is heavily dependent on remittances, which account for about 32% of the country’s GDP. Agriculture is the main source of income for about two-thirds of the population. Tourism is also an important source of revenue for Nepal. The Nepalese rupee is not a freely convertible currency. There are restrictions on the amount of Nepalese rupees that can be brought into or taken out of Nepal. Nepal’s central bank, the Nepal Rastra Bank, regulates the exchange of Nepalese rupees. The Nepalese rupee is pegged to the Indian rupee at a rate of 1.6 Nepalese rupees to 1 Indian rupee. The Nepalese rupee is minted by the Nepal government. The Nepalese rupee is not legal tender in India. Nepal is a landlocked country located in the Himalayas. Nepal is bordered by China and India. Nepal has a population of approximately 26.4 million people. The capital of Nepal is Kathmandu. The official language of Nepal is Nepali. The currency of Nepal is the Nepalese rupee. Nepal is a developing country with a lower-middle-income economy. Nepal is heavily dependent on remittances, which account for about 32% of the country’s GDP. Agriculture is the main source of income for about two-thirds of the population. Tourism is also an important source of revenue for Nepal. The Nepalese rupee is not a freely convertible currency. There are restrictions on the amount of Nepalese rupees that can be brought into or taken out of Nepal. Nepal’s central bank, the Nepal Rastra Bank, regulates the exchange of Nepalese rupees.