The economy of Nepal is chiefly
based on agriculture. Most of the peoples are
employed in this field. After 1950 Nepal gained
its importance as perfect and safe destination
for people with the interest in traveling,
adventure and other activities of their choice.
The snowcapped mountains of Nepal Himalayas have
inspired many peoples to come up to to this
country for mountaineering expeditions. Thus we
can say that the life of the peoples now more
depends on tourism industry. With the
introduction of the tourism, the production of
the garments, crafts, carpets and other things
introduced in the market of other continent and
the export of those things help to maintain the
poor economy. The development expenditure is
largely drawn from the funds of Developed
countries. It has increased the capacity of GDP
and inflation after the arrival of Democracy
though the presently disturbed political
situation affects its economic condition.
Currency & Foreign Exchange:
Foreign currencies must be exchanged only
through the Banks or authorized foreign exchange
dealers. The receipts from such transaction are
to be obtained and retained. Visitors can
exchange money at the foreign exchange counter
at the airport upon arrival also. Indian
Currency Rs. 500 and Rs. 1,000 paper note is not
allowed to be brought in to Nepal and will not
be exchanged and will not be accepted for
transaction of any kind.
