NRB facilitates hotels with right to exchange dollar up to 3 hundred


9th Jul, 2017 | Tourism Mail Crew


KATHMANDU, July 9 : The tourists visiting Nepal need not worry about the exchanging the currencies in the night or at the time of urgency as the Central Bank of Nepal has decided to facilitate the hotels in Nepal with the right to exchange dollar up to 3 hundred.

Nepal Rastra Bank made the announcement of the exchange facility for the tourist through the hotels by setting the limit of 3 hundred dollars as a part of the Monetary Policy on Sunday.

Previously, the hotels were allowed to take payments in dollars prohibiting the exchange facility.

But with the ease of the provision and prevailing in the facility the operation of the hotels is thought to expedite.

"In terms of the amount it is very low, but it indeed is the footsteps, the rights should have been granted like that of banks rather than going for a single one," Spokesperson of Hotel Association of Nepal (HAN), Binayak Shah said.