1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 16.8354 NPR (Nepalese Rupee). It is the official currency of Nepal. It is subdivided into 100 paisa. The Nepal Rastra Bank controls the issuing of currency. Nepal has three main exchange rates: the Rastra Bank rates (the government official rate), the private banks rate (slightly more generous), and the black market rate (the most generous, set by carpet shops and travel agents). 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 (NPR) was introduced, replacing the silver Mohar at a rate of 1 Rupee = 2 Mohars.