Banking/ATM and Money in Nepal

Banking, ATM’s and Money in Nepal

The banking facility is quite developed in Nepal and you can find huge banks in major city areas and are even in ample numbers in the village areas. The local currency of Nepal is the Nepalese rupees. Dollars or any other foreign currency is not accepted by local traders. These foreign currencies can be easily traded at the banks and financial institutions. However, it is advised to be wary of any shady deals with unauthorized bodies or individuals to exchange currency where you might be on the unfair end of the rates. There are numerous ATM in the town and city areas, and you can easily take out the required money. In the remote areas and mountain region, they are not available at every stop so, it is advised that you take cash pre-hand.