Nepal Rastra Bank (NRB) Functions
- Title
- Nepal Rastra Bank (NRB) Functions
- Details
Nepal Rastra Bank (NRB), established under the Nepal Rastra Bank Act, 2058 (2002), is the central bank of Nepal responsible for maintaining macroeconomic and financial sector stability.
Core Functions
- Monetary Policy: Formulating and implementing monetary policy to maintain price stability, manage liquidity, and support economic growth. NRB announces this policy annually in the month of Shrawan.
- Currency Issuance: Holding sole authority for issuing currency notes and coins in Nepal.
- Banking Regulation & Supervision: Licensing and supervising Banks and Financial Institutions (BFIs) under the Banks and Financial Institutions Act (BAFIA), 2073.
- Foreign Exchange Management: Managing foreign exchange transactions, regulating reserves, and determining exchange rate policies.
- Government Banking: Acting as the banker, financial advisor, and agent to the Government of Nepal.
- Payment Systems: Regulating and promoting safe payment and settlement systems, including digital clearing infrastructure like NCHL.
- Financial Stability: Implementing macroprudential policies and stress testing to secure public trust in the financial system.
- Category
- Monetary Policy
- Fiscal Year
- 2082
- Key Figure/Rate
- 7 core central banking functions