Nepal Money

Posted by: NTN Admin | Date: January 10, 2010

Currency
Nepalese Rupee (NPR; symbol Rs) = 100 paisa. Notes are in denominations of Rs1,000, 500, 100, 50, 20, 10, 5, 2 and 1. Coins are in denominations of 50, 25 and 10 paisa.

Note: (a) Visitors should bear in mind that foreign visitors other than Indian nationals are required to pay their airline tickets, trekking permits and hotel bills in foreign currency. (b) The import of local and Indian currency is prohibited, except for nationals of Nepal and India.

Currency Exchange
It is illegal to exchange currency with persons other than authorised dealers in foreign exchange (banks, hotels and licensed money changers). Visitors should obtain Foreign Exchange Encashment Receipts when changing currency and keep them, as these will help in many transactions, including getting visa extensions and trekking permits.

Credit/Debit Cards and ATMs
American Express is widely accepted, with MasterCard and Visa in tourist shops, hotels, restaurants and agencies. ATMs are widely available in Nepal.

Traveller's Cheques
Accepted at banks and major hotels. If trekking, it is important to bear in mind that cash is necessary. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars or Pounds Sterling.

Banking Hours
Banks in the Kathmandu valley are open Mon-Fri 0900-1530. In other areas, opening hours are usually Sun-Thurs 1000-1500 and Fri 1000-1200. Licensed money changers are open 12 hours per day.

 

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• Tourist VISA rules in Nepal | October 26, 2009