Nepal Rastra Bank

The Nepal Rastra Bank (NRB; ) is the central bank of Nepal. It was established on April 26, 1956 A.D. (Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act, 1955, and continues to perform central banking functions, including guiding the development of Nepal's financial sector. The NRB now operates under the Nepal Rastra Bank Act, 2002.

Its functions include formulating monetary and foreign exchange policies to maintain market stability, issuing currency notes, regulating and supervising banks and financial institutions, and developing efficient payment and banking systems. The NRB also serves as an economic advisor to the government of Nepal and acts as the monetary, supervisory, and regulatory authority over all commercial banks, development banks, finance companies, and microfinance institutions.

The central office is located in Baluwatar, Kathmandu, and it has eight provincial offices located at Biratnagar, Janakpur, Birgunj, Pokhara, Siddharthanagar, Nepalgunj, Surkhet, and Dhangadhi.

NRB formulates and implements monetary policy, oversees foreign exchange rates and the country's foreign exchange reserves, and is one of the principal owners of the Nepal Stock Exchange. It is also a member of the Asian Clearing Union. Provided by Wikipedia