Nepal Rastra Bank

The Nepal Rastra Bank (NRB; ) was established on April 26, 1956 A.D. (Nepali Date: Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibilities including guiding the development of the embryonic domestic financial sector. The NRB is functioning under the new Nepal Rastra Bank Act, 2002. The functions of NRB are to formulate required monetary and foreign exchange policies so as to maintain the stability in market prices, to issue currency notes, to regulate and supervise the banking and financial sector, to develop efficient payment and banking systems among others. The NRB is also the economic advisor to the government of Nepal. As the central bank of Nepal, it is the monetary, supervisory and regulatory body of all the commercial banks. development banks, finance companies and micro-finances 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. Nepal Rastra Bank also oversees foreign exchange rates and the country's foreign exchange reserves. The NRB is one of the principal owners of the Nepal Stock Exchange.

It is a member of the Asian Clearing Union. The acting governor position is currently held by Dr. Neelam Dhungana Timisina as formor governor CA Mahaprasad Adhikari retired on 7 April 2025. Provided by Wikipedia