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Dollars and Cents
All major banks in Nepal exchange convertible hard
currencies into Nepalese rupees. There is an exchange
counter in the Kathmandu airport where you can convert
your money in to Nepalese Rupees. Remember to keep your
Foreign Exchange Encashment Receipt while making foreign
exchange payments or transfering 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 therefore do
not change more than you really need.
Major banks, hotels, and the exchange counters at
Tribhuvan Airport provide services for exchanging
foreign currency. US dollar travellers checks can be
purchased from American Express at Durbar Marg and other
major banks in Kathmandu.
Besides banks, there are licensed money exchangers in
Kathmandu, Pokhara and Sunauli. These money exchangers
have rates marginally better than banks, but the
commissions are higher. So check before you exchange
your money. The advantage of having these money
exchangers to banks are that they open for long hours,
typically from 9am to 7pm.
It is important to retain your exchange receipts in
order to apply for visa extension and re-conversion of
left-over Nepalese rupees when you leave Nepal.
Exchange rates are published in English dailies such as
The Rising Nepal and The Kathmandu Post. 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.
Please chek our online currency exchange tool [updated
daily] to convert your currency into Nepalese Rupees.
Credit cards
Manybusinesses have started accepting payments in credit
cards. It is, however, a fairly recent phenomenon, and
cards other than Visa and Mastercard may not be accepted
in most places. However, addtional3%-5% of the
transaction cost is added on purchase made with credit
cards.
ATM Machines
Commercial Banks such as Himalyan Bank and Grindlays
bank have installed ATM machine's in Thamel, Kantipath
and in Bishalbazaar.
Major Banks of Nepal
Banks |
Telephone |
Location |
Nepal Bank Ltd. |
221185 |
New
Road |
Nepal Bank Ltd. |
227375 |
Kantipath |
Rastriya Banijya Bank |
228335 |
Bishal Bazaar |
Rastriya Banijya Bank |
217541 |
New
Road |
Nepal Grindlays Bank |
233128 |
Thamel |
Himalayan Bank |
227749 |
Thamel |
Himalayan Bank |
224787 |
Bishal Bazaar |
Nepal Arab Bank |
227181 |
Kantipath |
Nepal SBI Bank |
225326 |
Durbar Marg |
Everest Bank |
214878 |
New
Baneswar |
Nepal Indosuez Bank |
228229 |
Durbar Marg |
Nepal Sri Lanka Merchant Bank |
227555 |
Bagh
Bazar |
Bank
of Kathmandu |
418068 |
Kamalad |
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