Story perspectives

NRB Announces New Foreign Exchange Rates for September

9/17/2025

Summary

NRB Announces Exchange Rates

On September 17, 2025, Nepal Rastra Bank (NRB) announced foreign exchange rates.
The US dollar is priced at Rs. 140.59 (buying) and Rs. 141.19 (selling).
The euro is at Rs. 165.94 (buying) and Rs. 166.65 (selling).
The British pound is Rs. 191.67 (buying) and Rs. 192.48 (selling).
The Indian rupee is at Rs. 160.00 (buying) and Rs. 160.15 (selling). Rates are subject to change; updates are on the NRB website.

Summary

Kim Jong Un's Currency Shift

The North Korean won's exchange rate with the Chinese yuan fell from 6,000 to 4,000 won after Kim Jong Un's visit to China, causing confusion in Sinuiju.
Local prices have not changed, prompting complaints from residents about the effects of fluctuating exchange rates.
Analysts believe increased Chinese investment may have led to the yuan's sudden availability, suggesting improved North Korea-China trade relations.
In Trinidad and Tobago, the Central Bank is contemplating interest rate hikes to enhance foreign currency availability, while some business leaders propose devaluing the TT dollar to combat the black market and boost exports.
Experts caution that these monetary policies could negatively affect economic growth.

History

Historical Context

The 1971 Nixon Shock dismantled the Bretton Woods system, transitioning the world to floating exchange rates. By the 1980s, over 40% of countries had adopted flexible exchange rates. Today, Nepal Rastra Bank's foreign exchange rates illustrate ongoing global currency fluctuations, while North Korea's won instability highlights regional economic challenges, reflecting the enduring effects of past monetary policies on current economic strategies.

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NRB Announces Exchange Rates

On September 17, 2025, Nepal Rastra Bank (NRB) announced foreign exchange rates.
The US dollar is priced at Rs. 140.59 (buying) and Rs. 141.19 (selling).
The euro is at Rs. 165.94 (buying) and Rs. 166.65 (selling).
The British pound is Rs. 191.67 (buying) and Rs. 192.48 (selling).
The Indian rupee is at Rs. 160.00 (buying) and Rs. 160.15 (selling). Rates are subject to change; updates are on the NRB website.

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