In Nepal, cash payments are the primary method, although credit card payments and mobile payments can also be used in certain situations.
1. Rupee
The official currency used in Nepal is the Rupee. Currently, the circulating rupees in the market include both coins and banknotes. The commonly used banknotes are in denominations of 10, 20, 50, 100, 500, and 1000 rupees, while the coins come in denominations of 1 and 2 rupees.
2. Exchange Rate
It is important to understand the exchange rate between the Nepali Rupee and the currency of your home country. To exchange money at the most favorable rate, you can frequently check the real-time fluctuations of the currency exchange rates.
3. Currency Exchange
You can exchange Nepali Rupees before your departure in your home country or exchange them upon arrival at the airport in Nepal.
Alternatively, you can choose to exchange money at currency exchange points on the streets of Kathmandu. The exchange rates at these points may vary, and the exchange rates for different currencies will be posted on a board outside the shops. You can compare the rates and choose the most favorable place to exchange your money.
4. Payment Methods
Cash payments: Cash is the most commonly used payment method and is suitable for most daily transactions.
Credit card payments: Credit cards can be used in large stores and at some merchants.
Mobile payments: Nepal’s digital payment market is developing and will be applicable in an increasing number of scenarios.
