NRB Foreign Currency Exchange Rules: Guide for Nepali Travelers Abroad
27th May 2025, Kathmandu
Nepal Rastra Bank (NRB) has released an update on foreign exchange rules for Nepali citizens traveling abroad. The central bank wants citizens to understand how much foreign currency they can officially exchange before leaving the country.
NRB Foreign Currency Exchange Rules
According to the latest provision, Nepali citizens traveling to countries except India can receive up to USD 2,500 or equivalent in convertible foreign currency. This amount is provided against the traveler’s passport.
To access this facility, travelers must visit banks or financial institutions authorized by the NRB to deal in foreign currency. These institutions offer the exchange after verifying the necessary documents.
Required Documents For Travelers
To get this facility, travelers need to present a few important documents. These include:
A valid passport
A valid visa for the destination country
A confirmed air ticket
Banks verify these documents before approving the currency exchange. Travelers are advised to prepare in advance and follow the procedures set by the authorized banks.
Different Rules For Foreign Employment
The rule changes slightly for citizens going abroad for employment. NRB has set lower exchange limits for such individuals.
Nepalis heading to countries like Japan, South Korea, the United States, Canada, Australia, and European nations can exchange up to USD 500. However, those going to other countries are allowed to exchange only up to USD 200.
This limit applies only to the currency exchanged against the passport and does not cover other approved remittance channels used by employers or manpower companies.
Documents Needed For Foreign Workers
Foreign employment seekers must also submit the following:
Passport copy
Visa copy
Air ticket copy
These documents help verify the intent of travel and employment. After submission, the authorized bank reviews and approves the exchange request.
Why These Rules Exist
The NRB sets these limits to manage the outflow of foreign currency. Nepal’s foreign exchange reserves are limited. Hence, controlling exchange for non-commercial travelers and workers helps protect national reserves.
Moreover, these measures aim to curb informal channels of currency exchange. NRB wants to encourage citizens to use formal banking channels instead of black markets.
Currency Facility Is Not Automatic
Not everyone gets this facility automatically. One must go through the process with a licensed institution. Each request is verified, and currency is issued only after proper checks.
Therefore, travelers should not assume automatic access. Planning and understanding the criteria are important.
Where To Get The Currency
Not all banks offer foreign exchange services. Only those licensed by NRB are permitted to do so. These banks follow strict guidelines.
Citizens should approach only approved institutions for such services. A list of such banks is available on the NRB website or can be obtained at any local branch.
Avoiding Black Market Exchange
NRB warns citizens not to use illegal or black-market channels for exchanging currency. These practices are risky and punishable by law.
Using unofficial channels may result in financial losses. Travelers might also face problems while entering foreign countries with unregistered currency.
Transition To A Safer System
Over the past few years, NRB has pushed for a safer and more transparent foreign exchange system. It encourages digital documentation, real-time approvals, and traceable transactions.
This approach also supports the government’s broader effort to regulate labor migration and overseas travel.
Frequent Questions Answered
Some citizens ask if they can exchange the same amount multiple times. The answer is no. The USD 2,500 limit is per passport, per visit.
Others ask if they can use credit cards abroad. NRB permits international card use within a fixed annual spending limit. However, this facility is separate from the passport-based cash exchange.
For More Information
Citizens who want to learn more should visit the official NRB website or contact licensed banks directly. NRB often publishes updates and guidelines to keep the public informed.
By staying updated, citizens can avoid confusion and ensure their travel or work abroad goes smoothly.
Conclusion
Nepal Rastra Bank’s foreign exchange rules help ensure a stable economy and prevent illegal currency flows. Whether you’re traveling for a holiday or heading abroad for work, understanding the correct procedure is essential. Always use licensed banks and carry the right documents. This will save time and avoid future problems.
For more: NRB Foreign Currency Exchange Rules
