NPR – Nepalese Rupee
NPR is considered to be a restricted currency, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not allowed outside of Nepal.
Besides this limitation, this currency is considered to be complex (multiple information to be provided and complex processing).
Please note that due to the current lockdown, local banks are operating on reduce workforce having as consequence that payments in this currency will likely face delays.
- Currency Guidelines
Besides the standard information, the full name (written out in full, without initials, abbreviations or acronyms) and the physical full address of the beneficiary are mandatory.
A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Moreover, the full address (exact branch location) of the beneficiary’s bank is mandatory and to be provided in the remittance information.
It is important to note that payments to Nepalese nationals can be done only in NPR. Trade Related payments (import and export) and Capital Injection are currently not supported.
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
- Additional information
• Available charge options: OUR/SHA/BEN
• Central bank of Nepal: http://www.nrb.org.np/