What is the currency of Nepal?

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What is the currency of Nepal? Where can I exchange my money?

The Nepalese currency is the rupee and is divided into 100 paisa. Bank notes come in denominations of Rs. 1, 2, 5, 10, 20, 50, 100, 500 and 1,000. Coins are of 1, 2 and 5 rupee denomination.

It is illegal to exchange foreign currency with persons and organizations other than those authorized such as banks, hotels and licensed money changers. Nepalese banks do not accept Indian currency of denomination of Rs. 500 and 1000. You will find the exchange rates for different currencies in the Nepalese papers. In order to exchange surplus rupees at the time of your departure, please retain your encashment receipts.

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