Nepal Rastra Bank (NRB)
- Office / Body Name
- Nepal Rastra Bank (NRB)
- Description
Nepal Rastra Bank (NRB)
Nepal Rastra Bank (NRB) is the central bank and monetary authority of Nepal.
Key Facts
- Established: 26 April 1956 (BS 2013 Baisakh 14).
- Headquarters: Baluwatar, Kathmandu.
- Governor: Maha Prasad Adhikari (appointed in 2020 for a five-year term).
- Operates under the Nepal Rastra Bank Act, 2002.
Functions
- Issues national currency (Nepali Rupee).
- Formulates and implements monetary policy and foreign exchange policy.
- Regulates and supervises commercial banks, development banks, and finance companies (BFIs).
- Manages foreign exchange reserves of the country.
- Acts as banker, advisor, and financial agent to the Government of Nepal.
- Category
- Executive
- Established Year
- 1956