Nepal Currency - Money and Rupee Exchange Rate

Nepal Currency

Nepal currency refers to the Nepalese Rupee. Nepal currency has banknotes in 11 denomination of 1, 2, 5, 10, 20, 25, 50, 100, 250, 500, and 1000. 1 NRP is subdivided into 100 Paisa. Paisa is a coin. It is available in 9 denominations of the coin including 1, 5, 10, 20, 50 Paisa, and 1, 2, 5, 10 Rupee.

Nepalese Rupee and Indian Rupee

Nepalese Rupee is an independent currency. It is written and pronounced as Rupee, the same as the Indian Rupee, but the exchange rate to US dollars is different. It is currently pegged to the Indian Rupee, which is two-thirds of the Indian Rupee. Nepal currency to INR rate is 1 INR = 1.6 NPR. Once the exchange rate between the Indian Rupee and the US dollar fluctuates, so does the exchange rate between the Nepalese Rupee and the US dollar.

Currency Exchange in Nepal

The main foreign currency in circulation in Nepal is the US dollar and the exchange rate is usually around 80:1. Euros, British pounds, Australian dollars, Singapore dollars, and other major currencies can be exchanged. But according to NRB (Central Bank of Nepal), not all foreign currencies can be exchanged in Nepal. Therefore, if the foreign currency you carry is less known, it is best to exchange it in the Thamel area of ​​Kathmandu. Traveling in Nepal, it is very convenient to exchange foreign currency in major cities such as Kathmandu, Pokhara, and Chitwan. If you plan to hike, it is best to bring Nepalese Rupees. Because ATMs or currency exchange points cannot be found in remote rural areas, and credit cards are rarely accepted. It is recommended that you change the cash you need into Nepal Rupees before arriving in Kathmandu. In case the money is not spent, you can sell them back to some money exchanger with a little loss on the exchange rate.