Countries that use the Nepalese Rupee
The Nepalese Rupee is an official national currency and used only in Nepal. 1 Rupie is devided into 2 Mohur = 100 Paisa.
The Nepalese Rupee is tied to the Indian Rupee
with a fixed exchange rate. Therefore, 1 Rupee always equals to 0.6250 Indian Rupee.
1.00 Nepalese Rupee = 0.0092 US Dollar
Exchange rate history 1000 NPR in USD
Nepalese Rupee as currency
Currency reserves for the Nepalese Rupee
According to the International Monetary Fund, the total broad money (M3) amounted to NPR 2,751.12 billion at the end of 2017. For currency hedging, reserves were held in a total amount of 1,040.11 billion Rupees. This corresponds to a ratio of 1:2.6. Or in other words: 1 of 3 Rupees is deposited with a countervalue, which is internationally already above average.
Approximately 28.2 billion Rupees (2.7%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.Worldwide currency and gold reserves
All information without guarantee.