Money & Exchange

 

Payment in hotels, travel agencies, and airlines are made in foreign exchange. Nepal has modern banking facilities and some of the International Banks have their own offices in Kathmandu. Almost all foreign currencies along with credit cards such as American Express, Visa and Master Card, etc. are accepted in Nepal at major hotels, shops and restaurants.

 

Remember: Check your credit card expiration dates if you are leaving for an extended journey.

 

All visitors are required to exchange their money through the bank or authorized agents. In Kathmandu banks have money exchange counters. These facilities to change money are quick and convenient. We are told it is necessary to ask for receipts when money is changed. On the return journey, if you are left with Nepalese rupees, they can exchange 10% against exchange receipts to about 10 or 12 different kinds of foreign currency at the Tribhuvan International Airport Kathmandu.

 

The Nepal Rastra Bank is the national bank of Nepal and it assigns an official daily exchange rate, which impacts the exchange rates of all major currencies. Just like any currency exchange the daily rates are announced every morning on Radio Nepal, Nepal’s morning and evening newspapers and Nepal Television. The exchange rate can fluctuate daily, but most travelers use an average value and develop a budget using that average.

 

Nepalese Rupees are found in denominations of 1000, 500, 100, 50, 20, 10, 5, 2 and 1. Current exchange rate US$ 1 = (Nepalese Rupees) NPR 78.62 (as a date 14 Aug 2009)

 

For the details please click the link : Today Exchange rate