Nepal - 250 Nepalese Rupees - P42 - Foreign Paper Money - With Display
Inv# FM1255 Foreign Paper Money Cat# P-42Display notes such as this note have become increasingly rare. 250 Rupees in fold-out booklet, P-42. The Nepalese rupee (Nepali: रुपैयाँ; symbol: रु॰; code: NPR) is the official currency of the 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 was introduced in 1932 when it replaced the Nepalese mohar at the rate 2:1. The Nepalese rupee (रु) has been 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. The rupee was introduced in 1932, replacing the silver mohar at a rate of 2 mohar = 1 rupee. At first, the rupee was called the Mohru in Nepali. Read more at https://en.wikipedia.org/wiki/Nepalese_rupee
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