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
-
Yamaha Celebrates 15 Years of FI Legacy with a 10-Year Warranty!HIGHLIGHTS Yamaha Nepal celebrates 15 years of pioneering FI Technology. The company will offer a…
-
CFMoto 450NK Officially Launched in Nepal: Worth the Price?HIGHLIGHTS CFMoto 450NK price in Nepal is Rs. 11,19,900. 450NK is the most premium and…
-
M3 MacBook Air 13-inch Available for Purchase in NepalHIGHLIGHTS The M3 MacBook Air 13-inch price in Nepal is Rs. 1,84,900 (8/256GB), Rs. 2,18,000…