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Last updated : Nov 2009
Nepal Currency
Nepal Currency and Bank information - TravelPuppy.com
Nepalese Rupee (NRs) = 100 paisa. Notes are in denominations of NRs 1,000, 500, 250, 100, 50, 25, 20, 10, 5, 2 and 1. Coins are in denominations of NRs 5, 2 and 1, and 50, 25, 10 and 5 paisa.

Currency exchange

It is unlawful to exchange currency with anyone other than authorized dealers in foreign exchange which are banks, hotels and licensed money changers. Travellers should request Foreign Exchange Encashment Receipts when exchanging currency and hold on to them, as these will help in many transactions, as well as when getting visa extensions and trekking permits.

Note

Visitors should be advised that foreign visitors other than Indian nationals are required to pay their airline tickets, trekking permits and hotel bills in foreign currency.

Credit & debit cards

American Express as well as MasterCard and Visa are always accepted in hotels, tourist shops, restaurants and agencies. Contact your credit or debit card issuers for information about acceptability and other services, which might be available.

Travellers cheques

Travellers cheques are accepted at banks and main hotels. Please note that cash is needed if trekking. To avoid extra charges, travellers should take US Dollars or Pounds Sterling travellers cheques.

Exchange rate indicators

The rates below are included as a guide to the movements of the Nepalese Rupee against Sterling and the US Dollar:
 
Date Oct'07
£1.00=
135.22
$1.00=
65.88
 
Currency restrictions

The import of local and Indian currency is illegal excepting the nationals of Nepal and India. Foreign currency amount is unrestricted but must be declared. Export of local and foreign currency is restricted to the amount declared on arrival. Only 10% of the amount exchanged for local currency will be changed into foreign currency on departure and all exchange receipts must be presented for these transactions.

Banking hours

Banks in the Kathmandu valley are open Monday to Friday 9.00 am to 2.30 pm. In other areas, opening hours are normally Sunday to Thursday 10.00 am to 2.30 pm and Friday 10.00 am to 12 noon. Authorized moneychangers are open 12 hours a day.
Useful travel links
AMEX Travellers Cheques All about American Express
Nepal Money information on Nepal money
Travellers Cheques Visa Travellers Cheques with Visa
Universal Currency Converter online foreign exchange and currency
VISA ATM Locator location of any ATM that accepts VISA cards