Local Currency in Nepal

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Currency in Nepal

The currency in Nepal is the Nepali rupee (R). It is divided into 100 paisa (p). The coin denominations are one, two, five and 10 rupees, and paper money comes in notes of one, two, five, 10, 20, 25, 50, 100, 500 and 1000 rupees.

Away from major centres, it can be difficult to change larger notes, so make sure you have some smaller notes on hand. US$1 is equivalent to 73.5 NPR; or 1000 NPR is equivalent to approximately US$13.

There are ATMs in Kathmandu and Pokhara and cash advances on both Visa and MasterCard are available. Other banks, such as the Himalaya Bank, also have ATMs but some may not work with cards from outside Nepal. Using an ATM attached to a bank during business hours will minimize the hassle in case your card is taken by a machine.

Businesses that import more than NRP 10,000 (about $130) at a time, charge a value-added tax (VAT) of 10% on top of goods and services. Excise taxes apply to goods deemed hazardous to health such as alcoholic beverages, cigarettes and soft drinks.

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