Rupani

Rupani is the local name for the currency used in Nepal. The denomination is officially called the Nepali rupee but is commonly referred to as Rupani in everyday speech. It is issued by the Nepal Rastra Bank, the central bank of the country. The currency is abbreviated as NPR and is symbolised by the letter R followed by the digit 1 (₨). Coins are circulated in denominations of one, five, ten, and twenty rupees, while banknotes are issued in denominations of fifty, one hundred, two hundred, five hundred, one thousand, two thousand, five thousand, and ten thousand rupees. The Rupani is subdivided into 100 paise, although the use of paise has largely fallen out of circulation in modern transactions.

The Rupani has a long history that dates back to the monarchical era, with the first coins minted in the 14th century. Over time, the currency has undergone several design and policy changes, particularly after the introduction of a new series of notes in 2005. The design of banknotes reflects national symbols, such as the flag, the national emblem, and portraits of historical figures. The central bank is responsible for maintaining the stability of the Rupani, managing inflation, and overseeing monetary policy. Internationally, the Rupani trades under a floating exchange rate with major currencies. Despite its relatively low value compared to major world currencies, the Rupani remains an essential medium of exchange within Nepal, facilitating everyday commerce and reflecting the nation’s cultural and economic identity.

---