Kathmandu. There is a clear provision regarding the limit on the foreign currency which a Nepali citizen has earned by employment or business in a foreign country and for the purpose of foreign travel. The standards in this regard have been set in the Unified Directive issued by the Nepal Rastra Bank regarding the foreign exchange transactions licensed.
As per the directive, a citizen of Nepal can keep a maximum of 1,500 US Dollars or equivalent convertible foreign currency in cash for future use for the purpose of using the foreign currency of the foreign currency earned by doing employment or business in foreign countries or from the foreign currency received under the foreign exchange facility.
No matter how many times such money is sourced, the total amount should not exceed this limit. If the convertible foreign currency that he/she brings with him or she brings to Nepal from abroad exceeds the prescribed limit within 35 days, he or she should exchange it within 35 days or open an account of convertible foreign currency in a bank based in Nepal. See also:
