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23 Jul 2008
Wed3:37:46 PM  
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FOREIGN EXCHANGE
 
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.

Major banks, hotels, and the exchange counters at Tribhuvan Airport provide services for exchanging foreign currency.

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.
 
Exchange Rate
(For the purpose of Nepal Rastra Bank)
 
Currency Unit Buying/Rs. Selling/Rs.
Indian Rupee 100 160 160.15
U.S. Dollar 1 70.65 71.24
Euro 1 91.18 91.94
Pound Sterling 1 134.19 135.31
Swiss Franc 1 59.05 59.55
Australian Dollar 1 54.81 55.27
Canadian Dollar 1 56.60 57.07
Singapore Dollar 1 42.82 43.18
Japanese Yen 10 6.65 6.70
China Yuan 1 8.54 8.61
   
         
  Related Link : www.nepalnaturally.com  
 
 
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