Currency and Foreign Exchange

The unit of the Nepalese Currency is Rupee. One Nepali Rupee is made up of 100 paisa. Nepali Rupee notes come in Rs. 1, 2, 5, 10, 20, 50, 100, 500, 1000. Coins come in 1, 2, 5, 10, 25, 50 paisa and Rs. 1 denominations.

Foreign Visitors other than the Indian nationals are required to pay their hotel bills and air tickets in foreign currency. However the other payments must always be made in Nepalese currency which can be bought at foreign currency exchange Counter at the airport. The foreign exchange counters of different banks are also opened at different places in the city. Foreign currencies must be exchanged only through the banks or authorized foreign exchange dealers. Tourists are also advised to obtain and retain the foreign exchange encashment receipts so as to reconvert the unused Nepali currency into foreign currency to the maximum of 15% of the total money exchanged at the time of departure. Visitors are required to fill in the currency declaration from at the port of entry. Tourists other than Indian are not allowed to import or export the Indian currency.

The rate of exchanged of the foreign currencies are determined by the Nepal Rastra bank and are announced in the press daily. The current rate of 1 US $ is varies in between Rs. 54 to Rs. 57.