What is the official currency of the Federal Democratic Republic of Nepal?
Answer and explanation
Correct answer: C. Nepalese Rupee (NPR)
- Step 1: The Nepalese Rupee was introduced in 1932, replacing the Nepalese mohar.
- Step 2: Issued by Nepal Rastra Bank, it is pegged to the Indian Rupee at a fixed exchange rate of 1.6 Nepalese Rupees to 1 Indian Rupee.
Answer
Nepalese Rupee (NPR)
Why not the others: 'Bhutanese Ngultrum' is the currency of Bhutan; 'Indian Rupee' is the currency of India (widely accepted in Nepal but not the sovereign legal tender); 'Tibetan Tangka' is an obsolete historicalone-dollar coin of Tibet.
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