Nepal Currency - Money & Currency Exchange in Nepal
The official currency in Nepal is the Nepalese Rupee (NPR or Rs). One rupee is divided into 100 paisa (p). Coins come in denominations of 1, 2, 5 and 10 rupees. While Paper Notes come in denominations of: 1, 2, 5, 10, 20, 50, 100, 500, 1000 (Rs 25/250 are also available but are rarely used).
Currency Exchange in Nepal: Easy & Safe
Official exchanges rates are set by the government's Nepal Rastra Bank and listed in the daily newspapers. Rates at the private banks vary, but are generally not far from the official rate.
When you change money officially, you are required to show your passport, and you are issued with a foreign exchange encashment receipt showing your identity and the amount of hard currency you have changed.
Nepal Currency Exchange Rates (in Jan. 2013 according to Nepal Rastra Bank)
|UK pound sterling||1||135.76||136.71|
|Chinese renminbi (Yuan)||1||13.78||13.88|
Note: Indian rupees are excepted and freely convertible in Nepal. 100 Indian Rupees = 160 Nepali Rupees. Do not worry about exchanging your Indian currency when traveling north into Nepal.
Nepal Rastra Bank
The best private banks are Himalaya Bank Nepal Bank Ltd and Standard Chartered Bank.
There are exchange counters at Kathmandu’s Tribhuvan International Airport, Banks and Moneychangers at the various border crossings like Zhangmu in Tibet. Pokhara and the major border towns also have official moneychanging facilities. But if you are trekking, please take enough small-denomination cash rupees to last the whole trek.
In Kathmandu and Pokhara, Standard Chartered Bank has ATMs where you can get your currency exchanged. Other banks, such as the Himalaya Bank, also have ATMs but some only accept local cards. Nepal travelers have reported that most ATMs will accept cards issued by any of the major international banking networks (Plus, Cirrus, etc.).
Major Credit Cards such as Visa, MasterCard, JCB and American Express, are readily accepted at midrange and better hotels, restaurants, airlines, and major tourist merchants in the Kathmandu Valley and Pokhara.
Cash in & out of Nepal
Major International currencies including USD, GBP, EURO, YEN etc, are readily accepted. There are no customs charges or limitations in bringing your home currency into Nepal. It is not generally recommended to carry around large quantities of cash on your person.
Officially Nepali Rupees cannot be taken out of the country, and notes cannot be exchanged at banks in your home country.