Friday, January 25, 2008

Nepali currency

Nepali Currency:
Nepal has it’s own currency. Nepali currency is called Nepali rupees and shortly written as Rs. There are many bills of Nepal currency. The currency bills are carried out by the National Bank of Nepal. These are Rs. 1, Rs.2, Rs.5, Rs.10, Rs. 20, Rs. 50, Rs.100, Rs.500, and Rs. 1000. in some special occasion the National bank also publish some currency bills denominating Rs. 25, Rs. 250 and so. There are also some coin denominations, the coins were widely used in the country in early centuries in the age of 15th century onwards. There were originally made of gold, silver, and other original metals. These denominate 5 paisa, 10 Paisa, 25 paisa, 50 Paisa, Rs 1, Rs. 2, Rs. 5. Sometimes likewise in special occassions the National Bank of Nepal also bring out coins denominating Rs. 10, Rs. 25, Rs. 100, etc.
Nepali Rupee is one weak currency in the world. One US dollar Equivalents around 62 Rupees (early 2008) one Indian Currency Equivalents 1.60 Rupees, one Euro Equivalents around 83 Rupees and so on. People other than indian nationals are not allowed to purchase goods In the currency other than that are convertible in Nepal. There are few currencies which are convertible. US dollars, Euro, Pound Sterling, Australian Dollars, Hong Kong Dollar, Qatar Riyal, Malaysian Currency etc. are some of the exchangeable currencies in Nepal.
Sometimes ago, there was rule of printing the face of King with Crown in their head in the currency notes and coins. These days sue to political changes in the country there are many national important Natural, Historical, Cultural, faces are printed. The Nepali notes are easily noticeable with the denomination value in both English and Nepali Languages.

No comments: