The basic unit of currency for Nepal is the Nepalese Rupee (NPR). The Nepalese Rupee is the official currency of Nepal and is denoted by the symbol "₨". The currency is managed and regulated by the Nepal Rastra Bank, the central bank of the country.

The Nepalese Rupee is subdivided into smaller units called paisa. One Nepalese Rupee is equivalent to 100 paisa. However, the use of paisa in everyday transactions is limited, and most transactions are conducted in whole rupees.

The Nepalese Rupee is available in various denominations, including banknotes and coins. Banknotes are available in denominations of 1, 2, 5, 10, 20, 50, 100, 500, and 1000 rupees. Coins are available in denominations of 1, 2, 5, and 10 rupees.

In Nepal, it is necessary to use the local currency for most transactions, as foreign currencies are not widely accepted. Therefore, it is advisable for visitors to exchange their currency for Nepalese Rupees at authorized exchange counters or banks. These can be found at airports, major hotels, and in the city centers.

It is important to note that the exchange rate of the Nepalese Rupee may fluctuate, so it is recommended to check the current rates before exchanging currency. Additionally, it is advisable to carry smaller denomination notes, as some establishments may have difficulty providing change for larger bills.

When using the Nepalese Rupee, it is also essential to be aware of the security features on banknotes to avoid counterfeit currency. Some of the security features include watermarks, holograms, and embedded security threads. It is recommended to familiarize oneself with these features to ensure the authenticity of the currency.

In conclusion, the Nepalese Rupee is the basic unit of currency for Nepal. It is available in various denominations and is managed by the Nepal Rastra Bank. Visitors to Nepal should exchange their currency for Nepalese Rupees and be cautious of security features on banknotes to avoid counterfeit currency.

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