Money in Nepal
Standard Charted Bank (used to be Grindlays Bank) is offering ATM service in it's different branches in Kathmandu and Pokhara. American Express is widely accepted, with MasterCard and Visa in tourist shops, hotels, restaurants and agencies. ATMs are widely available in Nepal, however, it is not possible to withdraw cash in the mountains. Those embarking on treks should take enough cash for the duration of their trek. In Kathmandu, you can easily find many ATM machine.
Banks are open Sunday to Friday 9.30am to 3pm. Some Banks use to open for evening counters till 6-7pm in Major city such as Kathmandu, Pokhara, Narayanghat etc. In other areas, opening hours are usually Sun-Thurs 1000-1500 and Fri 1000-1200. Licensed money changers are open 12 hours per day.
Most popular cards accepted in Nepal are Visa, Mastercard and American Express. Both Debit and Credit Cards are accepted here
American Express is widely accepted, with MasterCard and Visa in tourist shops, hotels, restaurants and agencies.
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 are in denominations of 50, 25 and 10 paisa. Paisa coins are not currently used for common transactions. Foreign currency and travellers cheques can easily be exchanged at banks or authorized agents. Banks typically charge 1% of the face value to cash traveler's checks. In Kathmandu banks have money exchange counters, which are quick and convenient. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars or Pounds Sterling.
Import of local and Indian currency is prohibited, except for nationals of Nepal and India. The import of US$5,000 or more, or the equivalent amount in any other currency, must be declared on arrival. The export of local and foreign currency must be declared.
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