After analysing the foreign currency exchange policy, Nepal Rastra Bank (NRB) has made a policy where foreign tourists can now exchange Nepali currency from Point of Sales (POS) machines using their international cards, reports New Business Age.
The Details:
- According to a circular by NRB, foreigners can exchange Nepali currency using Visa International, MasterCard, and Union Pay international card from POS machines.
- They can mark their exchange charges but the rates should be in Nepali currency. The charges will be marked according to the agreement between banks and money exchangers.
- The Foreign Exchange Management Department has made it mandatory for money exchangers to collect a copy of the customers’ passport in case of foreigners. For Indians however, copy of relief card is needed for the transaction.
The Latest
-
iPad Air 2025 with the M3 Chip Goes Official in NepalHIGHLIGHTS The Apple iPad Air 2025 price in Nepal starts from Rs. 109,000 (11-inch/128GB). It…
-
Suzuki V-Strom 250 SX To Be Assembled in Nepal, Now Rs. 1 Lakhs More AffordableHIGHLIGHTS Suzuki V-Strom SX price in Nepal is Rs. 5.99 Lakhs. V-Strom is an adventure-focused…
-
Dongfeng Nammi 06 in Nepal: More Stylish, Powerful, and Mature than Nammi 01HIGHLIGHTS Dongfeng Nammi 06 is a compact electric crossover. Nammi 06 is powered by a…