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Part of the China Briefing book series (China Briefing)

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Nepal is bordered by China, Bangladesh and Bhutan. Nepal is not economically prosperous and political conflict has taken a strong grip over the country. Heavily reliant on foreign aid, Nepal is nonetheless a prime tourist destination, valued for its distinctive culture, beautiful scenery and the world’s highest peak, Mount Everest. Nepal’s currency is the rupee (NPR), which in 2010 traded at NPR72.56 to US $1. The most prevalent language spoken is Nepali.

Nepal became a republic in May 2008, ending the rule of a hereditary monarchy and a 10-year Maoist rebellion. In November 2007, a landmark peace deal was achieved and the Maoists joined an interim government. A new Maoist-dominated government took office in August 2008 before being toppled in May 2009 and replaced with a non-Maoist coalition. It is believed that Nepal will make the transition into a democracy although it is coming at the high cost of the country’s present day peace and stability.

The Nepalese...

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© Asia Briefing Ltd. 2012

Authors and Affiliations

  • Asia Briefing Ltd.
    • 1
  1. 1.KowloonHong Kong SAR

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