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Currency and Exchange rate

Currency and Exchange rate

Nepal’s official currency is the Nepalese Rupee (Rs.), which is divided into 100 paisa. While it is uncommon to encounter paisa, the rupee comes in various denominations, including 5, 10, 20, 25, 50, 100, 500, and 1,000 rupees. Additionally, coins come in 1, 2, 5, and 10 rupee denominations, as well as 1, 5, 10, 25, and 50 paisa.

Compared to Western countries, the Nepalese rupee is relatively weaker, making it easy to exchange any currency in Nepal. Visitors can exchange their money at numerous exchange centers found in the cities and even in the mountain regions. The exchange rate fluctuates frequently, but as of this writing, the exchange rate is Rs. 99 to $1.

Travelers to Nepal should be aware that carrying large amounts of cash is not recommended due to the risk of theft or loss. It’s better to carry a mix of cash and debit or credit cards, which are widely accepted in urban areas. In remote mountain areas, cash is the primary mode of payment, so it’s essential to keep some cash on hand.

It’s also important to note that some establishments, such as small shops and street vendors, may only accept cash, so it’s wise to have some local currency on hand. Overall, Nepal’s currency is easily exchangeable and readily accepted, making it an accessible destination for travelers.

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