The Rupee is the official currency of Nepal. The Nepal Rastra Bank controls the issuing of currency. Unlike many countries, Nepal has three main exchange rates: the Rastra Bank rates (the government’s official rate), the private banks’ rate (slightly more generous), and the black market rate (the most generous, set by carpet shops and travel agents).
When you leave Nepal from the Kathmandu airport, you will be limited on how many Rupees you can convert back to foreign currency. Only up to 10% of total of all receipts for exchanges from foreign currency into rupees will be converted back to international currencies.
Nepalese Rupee (NPR) Denominations
The Nepalese Rupee (NPR) is divided into various denominations. Coins are available in values of 1, 5, 10, 25, and 50 Paisa, as well as 1, 2, 5, 10, and 20 Rupees. Banknotes come in denominations of 1, 5, 10, 20, 50, 100, 500, and 1000 Rupees. The availability of certain coin denominations might be limited. The diverse range of currency options in Nepal, accommodates the needs of both residents and visitors in the country.