Exchanging Money In Nepal – How many dollars do banks allow you to exchange in one day?
Filed under: 000 General Ganthan
We were surprised to see that banks allow only 1000 US Dollars to be exchanged to corresponding Nepali Rupee per day (per person). While this is a little inconvenient if you are trying to exchange a bigger amount of money, there is a work out though – go to different banks. You can go to NABIL bank in Durbar Marg, Standard Charter Bank in New Baneshwar or any major banks in the capital.
Each of those banks will make you write down the currency number (that whole more than 10 characters freaking alphanumeric numbers) for each of the notes that you are exchanging, plus you need to tell them the purpose of your exchange and the source of the currency. How freaking weird… you can write up anything as long as you have the passport. You can even say I earned that money being a hitman
The banks in Nepal (and the overall system) is ages old. There is no real tracking mechanism of how much money you exchanged on that day. You need a huge well maintained,shared database for that. While the people in government are busy trying to figure out how much money they can earn through corruption, it’s difficult for them to create a country that runs on system.
So go ahead and try this option. Also there are a lots of non-bank options to exchange your money in Nepal. There are several legal/illegal currency exchanges around the country. While the government is aware of the black market, it’s too busy on itself doing nothing to be able to hunt down the illegal activity.