What is Nepalese rupee?
{{Infobox currency | currency_name_in_local = {{native name|ne|रुपैयाँ|italics=no}} | image_1 =Various Two-Rupee coins from Nepal.jpg | image_title_1 =Coins used in Nepal | iso_code = NPR | date_of_introduction = 1932 | using_countries = {{flagicon|Nepal}} [[Kingdom of Nepal]] (1932–2008)<br>{{flag|Federal Democratic Republic of Nepal}} (2008 – present) | unofficial_users = | inflation_rate = 3.6% (2021) | inflation_source_date = https://www.statista.com/statistics/422594/inflation-rate-in-nepal/ | subunit_ratio_1 = {{frac|1|100}} | subunit_name_1 = Paisa | symbol = रु | rarely_used_coins = 1, 5, 10, 25, 50 paisa, रु5, रु10 | frequently_used_coins = रु1, रु2 | frequently_used_banknotes = रु5, रु10, रु20, रु50, रु100, रु500, रु1000 | rarely_used_banknotes = रु1, रु2, रु25, रु250 | issuing_authority = [[Nepal Rastra Bank]] | issuing_authority_website = {{URL|www.nrb.org.np}} | pegged_with = {{flagicon|India}} [[Indian rupee]] (₹)<ref>{{cite web|title=Nepal Rastra Bank|url=http://nrb.org.np/fxmexchangerate.php?YY=&&MM=&&DD=|website=nrb.org.np|access-date=13 June 2016|archive-date=25 March 2019|archive-url=https://web.archive.org/web/20190325192922/https://www.nrb.org.np/fxmexchangerate.php?YY=&&MM=&&DD=|url-status=dead}}</ref><br>₹1 = रु1.6000 (buy) <br> ₹1 = रु1.6015 (sell) }} The '''Nepalese rupee''' ({{lang-ne|रुपैयाँ}}; [[currency sign|symbol]]: '''रु'''; [[ISO 4217|code]]: '''NPR''') is the official [[currency]] of the [[Nepal|Federal Democratic Republic of Nepal]]. The Nepalese rupee is subdivided into 100 ''[[paisa]]''. The issuance of the currency is controlled by the [[Nepal Rastra Bank]], the central bank of Nepal. The Nepalese rupee (रु) has been [[Pegged exchange rate|pegged]] to the [[Indian rupee]] (₹) at the rate रु1.60 = ₹1 since 1994; prior to this, it had been pegged at the rate रु1.45 = ₹1.<ref>{{cite web|url=http://www.thehindubusinessline.com/money-and-banking/nepal-to-keep-currency-pegged-at-to-indian-rupee/article9689230.ece |title='Nepal to keep currency pegged to Indian rupee' &#124;