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
-
Xiaomi Pad 7 Launching in Nepal Soon: Best iPad Alternative?HIGHLIGHTS Xiaomi Pad 7 price in Nepal could be Rs. 44,999 (8/128GB) and Rs. 49,999…
-
Honor X8c with 120Hz Display Launched in Nepal with an Early Bird OfferHIGHLIGHTS Honor X8c price in Nepal is Rs. 33,999 (8/512GB). It is powered by the…
-
HMD Crest Max 5G Launching Soon in Nepal – Now Even BetterHIGHLIGHTS HMD Crest Max 5G price in Nepal could be Rs. 21,999 (8/256GB). This phone…