Major FAQ-Nepal

Money Matters

What is the exchange rate? Where should I change my currency? Can I use my ATM or credit cards? Should I bring traveler's checks?

Find the Exchange Rate of Nepal Rupee (INR) http://www.xe.com/ucc/

The local currency is the Nepal Rupee. Currency can be exchanged upon arrival to Kathmandu's Tribhuvan International Airport. There is one bank counter at the departure lounge and three bank counters at the arrival lounge. All transactions are conducted based on a passenger’s declared amount and currencies permitted by the government, based on the current foreign exchange rate. We suggest exchanging $200 in the beginning, as further exchanges can be made in banks near the Kathmandu office.

It is advised to confirm that bankcards will work overseas. Debit cards and credit cards are becoming more widely accepted at major stores; however, they are still not accepted as widely as in the States. Credit card fraud is a big issue in Nepal. Do not use your cards at any smaller or non-reputable locations. Traveler’s checks need to be exchanged in the banks, as most locations will not accept them directly. Visa, MasterCard and American Express are accepted in some of the large stores and hotels in larger cities but may not be widely accepted in smaller cities and not at all in the villages.

An ATM or debit card is the best way to obtain cash and ATM vendors are available in major banks and department stores in Kathmandu. Visa, MasterCard and American Express are accepted in some of the large stores and hotels in larger cities, but not accepted in smaller cities.

How much money you bring depends on your personal spending habits. Thrifty people can get by on less than $10/day. Your budget should also include money to explore Nepal in free time as well as for your personal use. A good rule of thumb for money management is the 1/3 method, bring 1/3 cash, 1/3 traveler's check and leave 1/3 of your money in your account - plus a credit card for emergencies.