Foreign currencies must be exchanged only through banks or authorized money exchangers. The receipts of such transaction are to be obtained and retained. Visitors can exchange foreign currency at the foreign exchange counter at the airport upon arrival. Visitors other than the Indian nationals have to make the payment in foreign currency (non-Indian currency) in hotel, trekking agencies or travel agencies.
Payment in hotels, travel agencies and airlines are made in foreign exchange. Credit cards like American Express, Master and Visa are widely accepted at major hotels, shops, and restaurants. Remember to keep your Foreign Exchange Encashment Receipt while making foreign exchange payments or transferring foreign currency into Nepalese rupees.
The receipts may be needed to change left-over Nepalese Rupees into hard currency before leaving the country. However, only 10 percent of the total amount may be converted by the bank. ATM is widely in use in Kathmandu.
Exchange rates are published in English dailies such as The Rising Nepal, The Kathmandu Post and The Himalayan Times. Nepalese Rupees are found in denominations of 1000, 500, 100, 50, 20, 10, 5, 2 and 1. Coins are found in denominations of 10, 25 and 50 paisa. One rupee equals 100 paisa.
Major Banks, hotels, and the exchange counters at Tribhuvan Airport provide services for exchanging foreign currency. Money changers are open normally 8am to 8pm everyday. Banks are open Monday to Friday 10am to 3pm.
|
