Money Changer

Currency Exchange facilities & information of Monetary system of Nepal

The national currency of Nepal is the Nepalese rupee. The Nepal Rastra Bank (the national bank of Nepal) fixes exchange rate daily against all major currencies. You can check here for information on the exchange rate. Radio Nepal, Nepal Television, Nepali and English national dnewspapers all announces the rate every morning.

Currency information:

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.

ATM & Credit Cards:

American Express is widely accepted, with MasterCard and Visa in tourist shops, hotels, restaurants and agencies. ATMs are widely available in Nepal, however, it is not possible to withdraw cash in the mountains. Those embarking on treks should take enough cash for the duration of their trek.

Travellers 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 09:00-15:30. In other areas, opening hours are usually Sun-Thurs 10:00-15:00 and Fri 10:00-12:00. Most licensed money changers are open for 12 hours of the day so it is usually quite easy to exchange your money.

Currency restrictions:

The import of US$5,000 or more, or the equivalent amount in any other currency, must be declared on arrival. The export of local and foreign currency must be declared.

Where can I exchange foreign currency in Pokhara? There are several foreign currency exchange offices in Pokhara. Besides, there are branches of various commercial banks to exchange foreign currencies. However you might enjoy at Four Brothers Adventure Travel. It is also a good idea to keep all exchange receipts which are needed for some transactions and can be used to reconvert the money on departure.

Can I exchange foreign currency in the trekking routes in Nepal? It is very difficult to exchange foreign currency in the trekking routes except in some highly popular trekking routes like Everst Base Camp and Annapurna Circuit treks. It is difficult to exchange Rs. 1,000 notes (for lower denominations) except in popular places like Namche and Jomsom.

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.

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