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Eddy's ShortCuts
  Money
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Currency
The Nepali Rupee (Rs) is divided into 100 paise. Bank notes are for one, two, five, ten, twenty, twenty five, fifty, hundred, two hundred and fifty, five hundred and one thousand rupees.

Tip
Always carry some money in small denominations.
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Exchanging Money
Major international currency is readily accepted in Nepal. The Indian rupee is like a hard currency. 100 IRs = 160 NRs.However beware, the Indian Rs.500 and Rs.1000 notes are not accepted anywhere in Nepal, apparently due to the presence of forgeries.
To get the latest official exchange rates click here.
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Credit Cards
Major credit cards are widely accepted in Kathmandu Valley and at Pokhara. But elsewhere, you’ll have to do with cash.
Various banks make cash advances against Visa and MasterCard in Nepali rupees, and also sell foreign currency travellers cheques against the cards with a 2% commission.
The American Express agent, Yeti Travels advance traveller cheques to card holders with a standard 1% commission.
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International Transfers
Western Union and MoneyGram transfer money from many countries to Nepal in 24 hours.

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Government Taxes
Most hotels in the mid to upper range charge a 2% Tourism Service tax and over and above a 10% Value Added Tax (Net 12.2%)
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W A R N I N G !
  
It is illegal to carry the Indian Rupees 500 and 1000 notes (bills) & are not accepted anywhere in Nepal, apparently due to the presence of forgeries.

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