NPR information
About Nepalese Rupee (NPR)
The Nepalese Rupee (NPR), the official currency of Nepal, introduced in the 1930s, is more than just a medium of exchange; it embodies the nation's cultural heritage and its journey through economic challenges and opportunities. It is commonly abbreviated as NPR and represented by the symbol ₨.
Historical Background
The introduction of the Nepalese Rupee was a significant development in Nepal’s monetary history. It replaced the silver mohar during the reign of King Tribhuvan, symbolizing a move towards a more modernized and standardized economy. This transition marked Nepal's efforts to carve out an independent economic identity distinct from its neighbors, India and China.
Design and Symbolism
The design of the Nepalese Rupee reflects the country's rich cultural and historical legacy. Banknotes and coins feature images of revered monarchs, significant national symbols like Mount Everest, and depictions of Nepal's diverse wildlife. These elements not only facilitate economic transactions but also serve as daily reminders of Nepal's unique identity and pride.
Economic Role
The Rupee plays a central role in Nepal’s economy, which is primarily driven by agriculture, remittances, tourism, and increasingly, the service sector. As the primary currency, it supports these sectors, enabling trade, investment, and the daily financial activities of the Nepalese people.
Monetary Policy and Inflation
Managed by the Nepal Rastra Bank, the country's central bank, the Nepalese Rupee has faced challenges like inflation and currency stability. The bank's monetary policies aim to stabilize the currency and control inflation, vital for economic growth and stability in a country with significant socio-economic challenges.
International Trade and the Nepalese Rupee
In international trade, the stability of the Rupee is crucial, particularly for Nepal's exports such as textiles, carpets, and handicrafts. A stable Rupee is essential for maintaining competitive prices in international markets and attracting foreign investment.
Remittances and Economic Impact
Remittances from Nepalese working abroad, especially in the Middle East, India, and Southeast Asia, are a significant source of foreign income. These remittances, converted into Rupees, play a substantial role in supporting families and contributing to the national economy.
HYDRA to NPR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ₨0.002391 | 0.0200% / 0.0320%VIP 7 |
How to buy Hydra Coin
Buy HYDRA (or USDT) for NPR (Nepalese Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell HYDRA (or USDT) for NPR (Nepalese Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Hydra Coin to Nepalese Rupee?
Hydra Coin to Nepalese Rupee is rising this week.Conversion tables
The exchange rate of Hydra Coin is increasing.HYDRA to NPR
NPR to HYDRA
Today vs. 24 hours ago
Amount | 03:58 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 HYDRA | $0.{5}8826 | $0.{5}9232 | -4.42% |
1 HYDRA | $0.{4}1765 | $0.{4}1846 | -4.42% |
5 HYDRA | $0.{4}8826 | $0.{4}9232 | -4.42% |
10 HYDRA | $0.0001765 | $0.0001846 | -4.42% |
50 HYDRA | $0.0008826 | $0.0009232 | -4.42% |
100 HYDRA | $0.001765 | $0.001846 | -4.42% |
500 HYDRA | $0.008826 | $0.009232 | -4.42% |
1000 HYDRA | $0.01765 | $0.01846 | -4.42% |
Today vs. 1 month ago
Amount | 03:58 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 HYDRA | $0.{5}8826 | $0.{5}6467 | +36.61% |
1 HYDRA | $0.{4}1765 | $0.{4}1293 | +36.61% |
5 HYDRA | $0.{4}8826 | $0.{4}6467 | +36.61% |
10 HYDRA | $0.0001765 | $0.0001293 | +36.61% |
50 HYDRA | $0.0008826 | $0.0006467 | +36.61% |
100 HYDRA | $0.001765 | $0.001293 | +36.61% |
500 HYDRA | $0.008826 | $0.006467 | +36.61% |
1000 HYDRA | $0.01765 | $0.01293 | +36.61% |
Today vs. 1 year ago
Amount | 03:58 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 HYDRA | $0.{5}8826 | $0.{7}2320 | 0.00% |
1 HYDRA | $0.{4}1765 | $0.{7}4641 | 0.00% |
5 HYDRA | $0.{4}8826 | $0.{6}2320 | 0.00% |
10 HYDRA | $0.0001765 | $0.{6}4641 | 0.00% |
50 HYDRA | $0.0008826 | $0.{5}2320 | 0.00% |
100 HYDRA | $0.001765 | $0.{5}4641 | 0.00% |
500 HYDRA | $0.008826 | $0.{4}2320 | 0.00% |
1000 HYDRA | $0.01765 | $0.{4}4641 | 0.00% |
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