exchange is the largest, most dynamic financial market in
the world. USD 1.8 trillion moves each day.
and Banking in Nepal
Payment in hotels,
agencies, and airlines are made in foreign exchange.
Nepal has modern banking facilities and some of the International
Banks have their own offices in Kathmandu. Almost all foreign currencies
along with credit cards such as American Express, Visa and Master
Card, etc. are accepted in Nepal at major hotels, shops and restaurants.
Remember: Check your credit card expiration dates if
you are leaving for an extended journey.
All visitors are required to exchange their money through the bank
or authorized agents. In Kathmandu banks have money exchange counters.
These facilities to change money are quick and convenient. We are
told it is necessary to ask for receipts when money is changed.
On the return journey, if you are left with Nepalese rupees, they
can exchange 10% against exchange receipts to about 10 or 12 different
kinds of foreign currency at the Tribhuvan International Airport
Note: Retain Rs. 1100 for airport tax when departing Nepal by air.
Major banks, hotels, and the exchange counters at Tribhuvan Airport
provide services for exchanging foreign currency. US dollar traveler's
checks can be purchased from American Express at Durbar Marg and
other major banks in Kathmandu. Banks typically charge 1% of the
face value to cash traveler's checks.
When traveling around Nepal, change large bills whenever you can.
Taxis, Bicycle Rickshaws and small shops seldom have small bills.
Do not be afraid to ask local shops for change, but expect to ask
three or four before someone can/will change your large bill.
Standard Charted Bank (used to be Grindlays Bank) is offering ATM
service in it's different branches in Kathmandu and Pokhara. You
can get cash advances on both Visa and Master card. These ATMs are
accessible 24 hours a day. One is located down the drive to the
Kathmandu Guest House in Thamel, another one is next to the Roadhouse
Cafe in Thamel, another one is located in the bank's head office
- New Baneshwor and one at the branch on Kantipath.
Banks are open 9 am to 3 pm Monday through Friday, Nepal Bank Ltd.
on New Road (Ph: 4221185) is open 7 am to 7 pm all days of the week.
The Kantipath branch (Ph: 4227375) is open 9 am to 3.30 pm Monday
through Friday, 9 am to 1 pm on Saturday, and closed on Sunday.
Rastriya Banijya Bank exchange counter at Bishal Bazaar (Ph: 4223776)
is open 9 am to 3 pm daily except holidays.
Nepal Bangladesh Bank at Kathmandu Plaza (Ph: 4258308) is open 9
am to 3.30 pm, and its branch at New Road (Ph: 4256734) is open
till 7 pm. Standard Charted Bank (used to be Grindlays Bank) on
Kantipath (Ph: 4228474) is open 9.30 am to 3.30 pm. There is also
an ATM here for Visa and Mastercard access. Counters of Himalayan
Bank at Thamel (Ph: 4227749) open 9 am to 3.30 pm and New Road (Ph:
4243107) are open 9 am to 5.30 pm, closed on Saturdays. Other banks
are Nepal Arab Bank, Kantipath (Ph: 4226786); Nepal SBI Bank, Durbar
Marg (Ph: 4225326); Everest Bank, New Baneswar (Ph: 4482578); Nepal
Indosuez Bank, Durbar Marg (Ph: 4228229); Nepal Sri Lanka Merchant
Bank, Bagh Bazar (Ph: 4227555) and the Bank of Kathmandu, Thamel
(Ph: 4430640). The counters of licensed money changers are open
12 hours a day.
currency and exchange rates
Exchange rates are published in English daily newspapers such as
The Rising Nepal and The Kathmandu Post. Nepalese Rupees are found
in denominations of 1000, 500, 250, 100, 50, 25, 20, 10, 5, 2 and
1. Coins are found in denominations of 10, 25 and 50 paisa. One
rupee equals 100 paisa.
Exchange Rates - Nepal Central Bank
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