Nepal Rastra Bank Issues New Regulations on Foreign Currency Exchange
Summary
Nepal Rastra Bank has issued new regulations on bringing and taking cash foreign currency into and out of Nepal, including limits on amounts and currency denominations.
Key Points
- Nepal Rastra Bank has reissued a notice on the system of bringing and taking cash foreign currency into and out of Nepal.
- Individuals can bring up to US$5,000 in cash foreign currency into Nepal without customs declaration; amounts above this must be declared and certified by customs.
- Indian rupee notes of denominations 500 and 1000 from before November 9, 2016, cannot be transacted; newer notes of 200 and 500 can be transacted up to INR 25,000 per person.
- Nepali citizens are not allowed to take Indian rupees to countries other than India or bring Indian rupees from other countries into Nepal.
