Currency in Nepal: sharing, import, money. What is the currency in Nepal?

Currency in Nepal

Currency in Nepal

Official money in Nepal - it is "Nepaleserupee »(NPR- international designation). The address can be found as banknotes of various denominations and coins - rupees and paise, but they have almost ceased to occur.

Course

Since Nepal's economy is highly dependent onIndia, Nepal, and the currency is highly dependent on the Indian rupee, the approximate ratio - 1.6 / 1. Their official daily exchange rate determines the state bank Nepal Rastra Bank.
In most major cities of Nepal hasthe possibility to pay in foreign currency, but it was all to do without the national currency - the same will not work. In the taxi, small restaurants and small retail stores, especially in the provinces, are increasingly refuse to accept the money of another country.

Currency Exchange in Nepal

Currency exchange in banks and speciallicensed exchange offices, which are almost always open daily from 9 am (in banks a day off - Saturday). You can make currency exchange, and unofficially - on the black market exchange rate is always higher than 10 percent, but there do not give references. Our extensive bureaucracy it acts almost openly, and very active.
Also, most of the traveler's checks can be exchanged at major banks Pokhara and Kathmandu, but their use is unlikely to succeed in direct payments.
When exchanging recommended to take as much as possiblesmall denominations, as often vendors, rickshaw or taxi drivers simply can not give change when paying for goods or services. Also, do not take dirty or torn bills - they simply can not accept for payment.
Import of foreign currency for Nepal is not limited, but the amount in excess of 5 thousand dollars, to be declared.

Features

More recently, in the State werepaper money, and it is now almost impossible to find anywhere else Nepalese coins. Indigenous people rarely use them, and often kept at home. All banknotes decorated with the portrait of King Birendra Bir Bikram, who was killed by his son in 2011, and a new bill is already with the image of a new Nepalese King, the deceased brother. In general, banknotes look quite pale, with abstract drawings.
If you have a question, what currency to take to Nepalto share, the majority of the world's money out there pretty easy to exchange, be it Japanese yen or US dollars. But it is important to remember that because of the fear of fakes, many banks may refuse to exchange US hundred-dollar bills and bank notes of 500 Indian rupees. It is necessary to take into account when choosing which currency to take to Nepal.

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  • Currency in Nepal
  • Currency in Nepal

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