Nepalese Rupee in South African Rand

NPR Nepalese Rupee

Country of application:
Nepal

Coin denominations in circulation:
1, 2 Nepalese rupee.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100, 200, 500, 1000 Nepalese rupee.

History reference:
The Nepalese rupee has been the national currency and money of the Federal Democratic Republic of Nepal since 1932, when it replaced the Nepalese mohar at a ratio of 1:2. The first settlers on the te...rritory of todays Nepal appeared almost a thousand years BC. e. and over time settled in free areas. In the Middle Ages, there was already a kingdom here, which waged wars with its neighbors and managed to expand its borders. In 1768, the territory was conquered from India, where the capital of the state was later transferred. This is the city of Kathmandu, and today it is the capital of the country. The Kingdom of Nepal managed to make war with one of the largest states of that time - the British Empire. The fighting began in 1814 and ended two years later, in 1816. None of the parties won a clear victory, as a result of which a peace treaty was concluded that determined the borders of Nepal. They have remained unchanged to this day.

ZAR South African Rand

Country of application:
Namibia, South Africa

Coin denominations in circulation:
5, 2, 1 rand, 50, 20, 10, 5 cents.

Denominations of banknotes in circulation:
200, 100, 50, 20 and 10 rand.

History reference:
The name rand (rand) comes from the name of the mountain range, the name of which sounds like the Witwatersrand (in one of the official languages of South Africa, Afrikaans Witwatersrand). This mount...ain range is located in the South African province of Gauteng, which is famous for the largest gold deposits in the country. The South African rand was first introduced into circulation in February 1961, shortly before the founding of the Republic of South Africa. The rand replaced the South African pound at a rate of 2 rand to 1 pound. Up until the early 1970s, the rand was worth about 1.5 rand to the US dollar. However, in the following decades, the rand quickly depreciated, and at the turn of the 21st century and during the Great Recession, it changed significantly. As the political landscape changed in the early 1990s, the rand slowly depreciated to record lows due to uncertainty. The fall was exacerbated when land reform began in 2001. Shortly after the 9/11 attacks, global uncertainty took its toll and the rand plummeted again to 13 rand per US dollar.