Currency and Credit Cards
In Nepal, credit cards like MasterCard and Visa are only accepted in major hotels, shops, and restaurants. Many smaller shops, guesthouses, restaurants, and transport options will only accept cash.
ATMs are widely available and used in Kathmandu. However, there are multiple types of ATM and tourists have sometimes reported that only certain types work for their bank card. Don’t panic if one doesn’t work, just try the next.
Currency can be converted at major banks, hotels, and exchange counters in Kathmandu and other cities. Remember to keep your foreign exchange receipt when making the transaction into Nepali rupees, because these can be used to re-change leftover rupees before your departure.
Current exchange rates are published daily in English newspapers such as The Rising Nepal, The Kathmandu Post and The Himalayan Times. From home you can check the current exchange rate on the webpage of Nepal Rastra Bank, the Central Bank of Nepal.
The Nepali currency is the rupee. Notes are found in denominations of 1000, 500, 100, 50, 20, 10, 5, 2 and 1 rupees. Coins are found in denominations of 5, 2 and 1 rupees. One rupee equals 100 paisa.