The Nepalese rupee (नेपाली रुपैयाँ (Nepali); sign: रु; code: NPR) is the official currency and legal tender of Nepal. It is also sometimes abbreviated as N₨ or Re./Rs. informally. The rupee is subdivided into 100 paisa, although coins of lower denominations are rarely used today. It is issued and regulated by the Nepal Rastra Bank, the central bank of Nepal.
The Nepalese rupee was introduced in 1932, replacing the silver-based mohar at a rate of 2 mohar = 1 rupee. Since 1994, it has been officially pegged to the Indian rupee at a rate of रु1.60 = ₹1, having previously been pegged at रु1.45 = ₹1.
In 2024, the Nepalese rupee is accepted for domestic transactions only within Nepal and is not legally circulated outside its borders. Foreign exchange is regulated by the central bank and subject to strict limits.
Moroccan Dirham
The Moroccan dirham (Arabic: درهم, romanized: dirham, Moroccan Arabic: درهم, romanized: derhem; sign: DH; code: MAD) is the official monetary currency of Morocco. It is issued by the Bank Al-Maghrib, the central bank of Morocco. One Moroccan dirham is subdivided into 100 santimat (singular: santim; Arabic: سنتيم).
The exchange rate of the Moroccan dirham is determined within a band of fluctuation of ± 5 percent compared to a central rate established by the central bank of Morocco on the basis of a currency basket composed of the euro and United States dollar by up to 60% and 40% respectively.
