Definition

1. Noun:
   • The basic unit of money in Nepal: The "nepalese rupee" is the official currency of Nepal. It is subdivided into 100 smaller units called paisa.

Usage

• The "nepalese rupee" is used to denote prices, values, and financial transactions within Nepal.
• Its symbol is often written as "रू" or "Rs", and its international currency code is NPR.
• When referring to specific amounts, the word "rupee" is used in its singular form for one unit and "rupees" for multiple units, preceded by "nepalese" to specify the currency's origin.

Examples

• Noun:
  • The hotel room costs 5,000 nepalese rupees per night.
  • I need to exchange my dollars for nepalese rupees before traveling to Kathmandu.
  • One nepalese rupee is divided into 100 paisa, though paisa coins are rarely used today.

Advanced Usage

• "pegged to the indian rupee": A key economic fact is that the nepalese rupee's value is officially pegged to the indian rupee (INR) at a fixed exchange rate.
  • The stability of the nepalese rupee is maintained because it is pegged to the indian rupee.

Variants and Related Words

• Rupee (NPR): The standard abbreviation for the nepalese rupee in financial contexts.
• Paisa: The subunit of the nepalese rupee, representing 1/100th of a rupee.
• Indian rupee (INR): The currency of India, to which the nepalese rupee is pegged.

Synonyms

• Nepali rupee: An alternative name for the same currency.
• NPR: The official three-letter currency code.

Related Phrases

• Exchange rate: The value of the nepalese rupee compared to another currency.
  • The exchange rate for the nepalese rupee against the US dollar fluctuates slightly.

Notes

• The term "nepalese rupee" specifically refers to the currency of Nepal. The word "rupee" alone can refer to the currencies of several other countries, such as India, Pakistan, and Sri Lanka. Therefore, using "nepalese" is crucial for clarity.

Noun

1. the basic unit of money in Nepal; equal to 100 paisa