NPR to ETB

NPR - Nepalese Rupee (नेरू)
ETB - Ethiopian Birr (ብር)
1 NPR1 ETB

Currency conversion rates from NPR to ETB

NPRETB
1 NPR1 ETB
5 NPR5 ETB
10 NPR10 ETB
20 NPR20 ETB
50 NPR50 ETB
100 NPR100 ETB
250 NPR250 ETB
500 NPR500 ETB
1000 NPR1000 ETB
2000 NPR2000 ETB
5000 NPR5000 ETB
10000 NPR10000 ETB
ETBNPR
1 ETB1 NPR
5 ETB5 NPR
10 ETB10 NPR
20 ETB20 NPR
50 ETB50 NPR
100 ETB100 NPR
250 ETB250 NPR
500 ETB500 NPR
1000 ETB1000 NPR
2000 ETB2000 NPR
5000 ETB5000 NPR
10000 ETB10000 NPR

ETB - Ethiopian Birr (Br)

Ethiopian Birr

The official currency of Ethiopia is the Ethiopian Birr (ETB). The Ethiopian Birr is subdivided into santim; 100 santim = 1 ETB. Br is the symbol used for the Birr. The Nigerian Naira is rated the most-used currency in Africa, the Birr is rated second.

The Ethiopian Birr is the currency in Ethiopia (ET, ETH). The Ethiopian Birr is also known as Birrs. The symbol for ETB can be written Br. The Ethiopian Birr is divided into 100 cents. The exchange rate for the Ethiopian Birr was last updated on May 24, 2019 from Yahoo Finance. The ETB conversion factor has 3 significant digits.

Economy

  • Ethiopia’s economy is mainly based on the agricultural industry, which forms 80% of the yearly GDP.
  • There are no private businesses and no patent laws apply in Ethiopia.
  • Unemployment rate among youth is estimated at 70%.
  • The main industries are metals, cement, textiles, food processing, and cement.
  • Export products are leather, oilseeds, coffee, flowers, gold, qat, and live animals.
  • Import products are motor vehicles, textiles, cereals, petroleum, food, and chemicals.

History

  • During the 18th and 19th centuries the currency for Ethopia was the Maria Theresa Taler, also known as the Birr, which means silver. The Taler became the official coin in 1855, but the Indian Rupee and the Mexican Dollar were used for foreign trading.
  • In 1893, the Birr was introduced as the standard unit. It was subdivided into 20 girsch.
  • A new range of Ethiopian coins appeared in 1903.
  • The Bank of Ethiopia was formed in 1931. At that time the Birr became equal to the mentonnyas. 1 Birr = 100 metonnyas.
  • During the mid 1930s the currencies circulated were the Birr and the Talari.
  • From 1936 to 1941 Italy occupied Ethopia and the Italian Lira was used.
  • In 1945, the second Birr was introduced; 2 schillings = 1 birr.
  • In 1976, the Birr was made the official currency.

More information about ETB - Ethiopian Birr (Br)


NPR - Nepalese Rupee ()

Nepalese Rupee

The Rupee is the official currency of Nepal and is divided into 100 paisa. The Nepal Rastra Bank controls the issuing of currency. Unlike many countries, Nepal has three main exchange rates: the Rastra Bank rates (the government’s official rate), the private banks’ rate (slightly more generous), and the black market rate (the most generous, set by carpet shops and travel agents). When you leave Nepal from the Kathmandu airport, you will be limited on how many Rupees you can convert back to foreign currency. Only up to 10% of total of all receipts for exchanges from foreign currency into rupees will be converted back to international currencies.

The Nepalese Rupee is the currency in Nepal (NP, NPL). The symbol for NPR can be written NRs. The Nepalese Rupee is divided into 100 paise. The exchange rate for the Nepalese Rupee was last updated on January 18, 2019 from The International Monetary Fund. The NPR conversion factor has 6 significant digits.

Economy

  • Nepal’s GDP was most recently estimated at over US$12 billion (2008). GDP is comprised primarily of services (41%) and agriculture (40%), though agriculture employs roughly 75% of the country’s 10 million person workforce. The major types of produce include tea, rice, corn, wheat, sugarcane, milk, and water buffalo meat. Skilled labor represents one of the biggest impediments to economic growth.
  • Roughly 25% of the population lives below the international poverty line (US$1.25 per day). Nepal is a recipient of aid from many Asian, North American, and European nations.
  • Exports primarily consist of commodities (gold, machinery, petroleum products, fertilizer), textiles (carpets, leather goods, clothing), and grains.

History

  • In 1932, the Rupee was introduced, replacing the silver Mohar at a rate of two Mohar = one Rupee. In Nepalese, mohru was the first name of the Rupee.
  • In 1933, the value of the Nepalese Rupee was pegged to the Indian Rupee at a rate of 1.6 Nepalese Rupees = 1 Indian Rupee.
  • In the 1940s and 1950’s, coins were made from nickel, brass, and bronze.
  • In 1966, aluminum coins were introduced to replace the smaller denomination 1, 2, and 5 paisa, and brass coins replaced the 10 paisa coin.
  • Banknotes were introduced in 1951, in 1, 5, 10, and 100 Rupee denominations. 500 and 1,000 Rupee notes were added in 1972.

More information about NPR - Nepalese Rupee ()