The rupee is the official currency of Nepal. It is subdivided into 100 paisa. There are banknotes in denominations of 1, 2, 5, 10, 20, 25, 50, 100, 250, 500 and 1000 rupees, coins of 1, 2 and 5 rupees, as well as 5, 10, 25 and 50 paise. Coins are not frequently used.