Currency & Exchange Rate in Nepal
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, 25, 50, 100, 500 and 1,000. Coins come in paisa 5,10,25,50 Rs. 1 , 2, 5 denominations. Paisa coins are not currently used for common transactions.
Foreign currency and traveler’s cheques can easily be exchanged at banks or authorized agents. In Kathmandu banks have money exchange counters, which are quick and convenient. Mastercard, Visa and American Express are accepted at all major Hotels, Travel Agencies, Restaurants and Stores.
Normally there is no problem to transfer money to Nepal, however there are few restrictions to send money out of Nepal. If someone who wants to transfer money from Nepal to any other overseas countries they need authorization from Nepal Rastra Bank (Central Bank of Nepal).
Basically there is no any restriction to transfer money from abroad to Nepal and there are many financial institutions who help easiest & safest online money transfer service
Currency exchange rates in Nepal often fluctuate. Please click here to get the latest update
Banks are open between 10:00 A.M. to 2:30 P.M. Sunday to Thursday and between 10:00 A.M. to 12:30 P.M. on Fridays. Closed on Saturdays and national holidays. Some Banks in Thamel, Kathmandu are open till late hours.