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Payment in hotels, travel agencies
and airlines are made in foreign exchange. Credit
Cards like American Express, Master and Visa are
widely accepted at major hotels, shops and
restaurants. Remember to keep your Foreign Exchange
Encashment, Receipt while making foreign exchange
payments or transferring foreign currency into
Nepalese rupees. The receipts may be needed to
change left-over Nepalese Rupees into hard currency
before leaving the country. However, only 10 percent
of the total amount may be converted by the bank.
Major banks, hotels and the exchange counters at
Tribhuvan Airport provide services for exchanging
foreign currency. Us Dollar travellers checks can be
purchased from American Express at Dubar Marg and
other major banks in Kathmandu. Banks in Kathmandu
are open 10 am to 3:30 pm. Sunday through Friday.
Exchange rates are published in English dailies such
as The Rising Nepal and The Kathmandu Post. Nepalese
Rupees are found in denominations of 1000, 500, 100,
50, 20, 10, 5, 2, 1. Coins are found in
denominations of 10, 25 and 50 paisa. One rupee
equals 100 paisa.
Approximate exchange rate as of November 2002 US$ 1
= Rs. 78.00 |
