Banks or money changers is best for foreign currency exchange in Nepal

Best places to exchange money in Kathmandu Nepal

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Banks or money changers is best for foreign currency exchange in Nepal

When you plan a trip to Nepal and reach Nepal, the first thing that appears in your mind is how to do foreign currency exchange in Nepal. There are many ways for doing foreign currency exchange in Nepal. People frequently have following questions in their mind for foreign currency exchange in Nepal.
Where should I go for exchanging my foreign currency in Nepal?
Foreign currency can easily be exchanged in both Bank or/and Money changers Nepal. All major banks in Nepal are ready to exchange changeable hard currencies into Nepalese Rupees. All major banks, exchange counters, and even hotels at Tribhuvan International Airport offer services for foreign currency exchange. In addition to banks, many authorized money exchangers are present in Kathmandu, Sunauli, Lumbini and Pokhara.

Banks or money changers is best for foreign currency exchange in Nepal

Does the money changers at Kathmandu airport re-exchange the left-over Nepalese Rupees into foreign currency? Does the bank or money exchanger in the city re-exchange Nepalese Rupees?
An exchange counter is present at the Kathmandu airport. Here you can easily convert your foreign currency into Nepalese Rupees. You can also re-exchange Nepalese Rupees at major banks and money changers Nepal.
You should keep your foreign exchange encashment receipt when you make foreign exchange payments or when you exchange your foreign currency into Nepalese Rupees. Before leaving the country, you may need these receipts to exchange your left-over Nepalese Rupees into hard currency. Banks allow you to re-exchange only 10 percent of the total money. So, you should not exchange more than you actually need to spend in Nepal.

What is better Bank or Money Changer in Kathmandu?
It is essential  to exchange currency without paying huge fees. Most of the time, banks offer better rates but money changers exchange the currency quickly and easily. Actually, rates are marginally better at the Money exchangers but their commissions are higher. However, process of exchange is lengthy in banks and you may also have to wait in queue in office hours. So, people prefer money changers. If you have time to go to a bank, you should get your money exchanged in bank.
Money exchangers remain open for long hours. Usually they will offer you service from 9 am to 7 pm. The Rising Nepal, The Kathmandu Post and other English dailies keep publishing exchange rates. Nepalese Rupees are available in denominations of 1, 2, 5, 10, 20, 50, 100, 500, and 1000.

Is it possible to exchange all foreign currencies in Nepal?
It is not possible to exchange all foreign currencies in Nepal. NRB (Nepal Rastra Bank), the Central Bank of Nepal allows exchange for currencies of 18-20 countries only. For ease of customers, Central Bank has listed these countries. You can exchange US Dollar, Australian Dollar, Singapore Dollar, Hong Kong Dollar, UK Pound Sterling, Swiss Franc, Japanese Yen, Chinese Renminbi (Yuan), Saudi Arabian Riyal, Qatari Riyal, UAE Dirham, Malaysian Ringgit, South Korean Won, Swedish Krone, Danish Krone, Kuwaiti Dinar, Bahraini Dinar, and Thai Bhat in Nepal.
I think this article helps you to make a decision, which banks or money changers is best for foreign currency exchange in Nepal. Check exchange rate of Nepal Rastra Bank before exchange.
Lets check how much money to take on Everest base camp trek for personal use, go to the bank or money exchange in Kathmandu to change or get the money from travel card. Carry sufficient cash, do not depend on the bank, ATM and money exchange on the way to EBC.

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