NRB Reissues Guidelines on Bringing Foreign Currency Cash Into and Out of Nepal
Summary
Nepal Rastra Bank has reissued guidelines clarifying the rules for bringing foreign currency cash into and out of Nepal, including declaration limits and conditions for Indian currency notes.
Key Points
- Nepal Rastra Bank reissued its notice on foreign currency cash movement citing relevant foreign exchange and money laundering laws.
- Foreign currency up to USD 5,000 (or equivalent) can be brought into Nepal without customs declaration; amounts exceeding must be declared.
- Indian currency notes of Rs 500 and Rs 1,000 issued before Nov 9, 2016, can be transacted with, as well as newer Rs 200 and Rs 500 notes up to Rs 25,000 limit per person.
- Nepali citizens cannot carry Indian currency to countries other than India or bring Indian currency into Nepal from other countries.
