S.12
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Issue of Rupee Travellers Cheques to Foreign Tourists Visiting Nepal
Exchange Control in Nepal does not permit transit passengers and foreign tourists (other than Indian nationals and foreign nationals resident in India) bringing rupee instruments including travellers cheques to Nepal. Before issuing rupee travellers cheques to foreign tourists in India, authorised dealers should ascertain whether such tourists are also visiting Nepal and if so, the relevant regulations should be brought to their notice and they should be advised to carry with them foreign currency travellers cheques instead of rupee travellers cheques in order to avoid inconvenience in Nepal. Rupee travellers cheques issued to such persons may be prominently endorsed as `Not valid for negotiation in Nepal.