Foreign Currency and Credit Cards.

Foreign currency and credit cards are widely accepted in Nepal, and visitors can use them for various transactions. Here are some details about the rules and regulations related to foreign currency and credit cards in Nepal:

  • Foreign Currency Exchange: Foreign currency can be exchanged at authorized money changers or banks in Nepal. Visitors can exchange US Dollars, Euros, British Pounds, and other major currencies. The exchange rate may vary depending on the currency and the service provider. Visitors should keep the exchange receipt with them, as they may need it when exchanging the remaining Nepalese Rupees back to their home currency. It is also important to note that the exchange of certain currencies such as Indian Rupees and Chinese Yuan is restricted in Nepal. Trekking planner Nepal helps exchanging the money and provides good rates for exchange as well.
  • ATMs: ATMs are widely available in Nepal, especially in major cities and tourist areas. Visitors can withdraw Nepalese Rupees using their international debit or credit cards from ATMs. The withdrawal limit may vary depending on the bank and the card issuer. It is recommended to use ATMs located inside banks or shopping malls for security reasons. Visitors should also inform their bank or card issuer before traveling to Nepal to avoid any issues with their card being blocked due to suspicious transactions. Trekking Planner Nepal recommends you to with draw the money from Himalayan and Nabil Bank they have a limit upto 35 thousand per transaction where as other banks have a maximum amount upto 25 thousand per transaction.
  • Credit Cards: Major credit cards such as Visa Card, Master Card, and American Express are widely accepted in Nepal, especially in hotels, restaurants, and shops. However, visitors should note that some establishments may charge an additional fee for using credit cards. Visitors should also check with their credit card issuer regarding any foreign transaction fees or exchange rate charges. It is recommended to keep a record of credit card transactions and receipts for future reference. (Bank charges 4% tax for swiping the credit cards)
  • Traveler's Cheques: Traveler's cheques are not widely used in Nepal, and only a few banks and money changers may accept them. Visitors should ensure that their traveler's cheques are in the major currencies such as US Dollars, Euros, or British Pounds, and they should also carry a valid ID and a passport when exchanging them.It is recommended to use cash credit cards or debit cards or online banking transactions.
  • Customs Declaration: Visitors are required to declare any foreign currency or traveler's cheques exceeding USD 5,000 or its equivalent when entering Nepal. Failure to declare the currency may result in confiscation or a fine. Visitors should also note that the import and export of Nepalese currency is prohibited.

In summary, visitors can exchange foreign currency at authorized money changers or banks, withdraw Nepalese Rupees using ATMs, use major credit cards for transactions, and carry traveler's cheques with caution. Visitors should also ensure they comply with the customs declaration requirements when entering Nepal.