KATHMANDU, Sept 26: Nepal Rastra Bank (NRB) is gearing up to distribute new currency notes, amounting to Rs 18,500 per person, for the upcoming Dashain festival this year. The central bank plans to initiate the distribution of these fresh notes starting around the day of Ghatasthapana, a significant festival date.
KATHMANDU, Sept 24: Nepal Rastra Bank (NRB)’s Mint Division has introduced silver medallion coins featuring the image of a 'cow'. NRB governor Maha Prasad Adhikari released the coins amidst a program at the division office in Babarmahal on Sunday.
KATHMANDU, Sept 21: Nepal Rastra Bank (NRB) Governor Mahaprasad Adhikari has expressed confidence that Nepal's trade deficit can be significantly alleviated through the annual export of electricity valued at Rs 1.2-1.3 trillion.
KATHMANDU, Sept 8: The US dollar has soared to unprecedented levels against the Nepali rupee, reaching a record high, according to Nepal Rastra Bank (NRB). Today, the selling rate of one US dollar stands at Rs 133.44, surpassing the previous mark of Rs 133.34 recorded on August 18.
KATHMANDU, Sept 1: The Nepal Rastra Bank (NRB) and International Finance Corporation (IFC) have just formalized an agreement to bolster the financial technology (fintech) ecosystem in Nepal through increased uptake of electronic payments and enhanced innovation in digital financial services.
KATHMANDU, Aug 28: Nepal Rastra Bank (NRB) has introduced a new policy, revising its existing criteria, which exempts working capital loans up to Rs 30 million extended to the productive sector from adhering to certain criteria.
KATHMANDU, Aug 26: Nepal Rastra Bank (NRB) is going to issue development bonds worth Rs 10 billion. The central bank is going to issue the six-year development bond 2085 'Ja' on Sunday, as a domestic credit to be raised by the government.
KATHMANDU, Aug 18: Nepal Rastra Bank (NRB) has failed to control consumer inflation. According to the annual statistics published on Friday, the annual average consumer inflation in the fiscal year 2022/23 BS is 7.74 percent. It is 0.74 percent higher than the target of the central bank.
KATHMANDU, Aug 15: The Mint Division of Nepal Rastra Bank (NRB) has announced on Tuesday that the gold that was recovered from a taxi outside the Tribhuvan International Airport by the Department of Revenue Investigation now weighs 60.716 kg after being melted.
KATHMANDU, Aug 7: Nepal Rastra Bank (NRB) has taken action against three commercial banks. The officials of NRB have stated that the commercial banks that violated the regulatory system in the fourth quarter of the last fiscal year 2022/23 have been punished.
KATHMANDU, Aug 2: The government has set a target of acquiring internal loans worth Rs 240 billion in the current fiscal year, while a total of Rs 55 billion will be collected by the first quarter end in mid-October.
As Nepal's economy grapples with the challenges of a deep recession, it is imperative for Nepal Rastra Bank (NRB) to adopt a proactive approach and leave no stone unturned in revitalizing the nation's financial landscape.
KATHMANDU, July 24: Finance Minister Dr Prakash Sharan Mahat has said the monetary policy for the current fiscal year will help stimulate the economy. Nepal Rastra Bank unveiled the Monetary Policy for the Fiscal Year 2023/24 on Sunday.
KATHMANDU, July 23: In response to the increasing instances of unprofessional activities under the guise of agitation against the banks and financial institutions, Nepal Rastra Bank (NRB) is proactively moving forward with the process to amend the Banking Offenses Act. The central bank aims to address and control such disorderly activities that have the potential to impact the stability of the financial sector.
KATHMANDU, July 23: The Nepal Rastra Bank (NRB) will offer additional facilitation in digital payments in a bid to stop financial anomalies and facilitate revenue collection, according to the Monetary Policy for the current fiscal year, 2023/24 unveiled today.
KATHMANDU, July 23: Nepal Rastra Bank (NRB) will facilitate the establishment of a separate regulatory body to regulate cooperatives as announced by the government in the budget for the current fiscal year 2023/24. This decision has been made public by the NRB through the new monetary policy today.
KATHMANDU, July 23: Nepal Rastra Bank (NRB) has introduced a progressive monetary policy for the current financial year 2023/24, aiming to support the construction of houses for individuals and families.
KATHMANDU, July 23: Nepal Rastra Bank (NRB) has reduced the policy rate keeping the bank rate unchanged at 7.5 percent. While unveiling the monetary policy for the fiscal year 2023/24, the NRB announced that the policy rate has been reduced by to 6.5 percent in view of the internal and external economic scenario. Similarly, the deposit collection rate has been reduced from 5.5 percent to 4.5 percent, according to the NRB.
KATHMANDU, July 22: Compared to Friday's exchange rates, the US dollar and the European Euro have seen a slight decrease in their value, according to the Nepal Rastra Bank (NRB) exchange rates for Saturday.
KATHMANDU, July 20: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said that the Monetary Policy for Fiscal Year, 2023/24 would be issued in line with the budget policy. Preparations are underway to bring the monetary policy next week, he said.
KATHMANDU, July 2: Nepal Rastra Bank (NRB) seems flexible to consider restructuring loans taken by the business entity amid rise in cases of loan defaulting that have led the banks to face increasing bad debts.
KATHMANDU, June 25: The Government of Nepal has announced its plan to raise Rs 3.91 billion of internal debt. Nepal Rastra Bank (NRB) has confirmed that the internal debt will be mobilized through 91-day treasury bills (T-bills) on Monday.
KATHMANDU, June 16: Former governors of Nepal Rastra Bank (NRB) have urged the central bank to enforce prudent measures through the monetary policy for the next fiscal year, to boost healthy operation of the country’s financial market along with addressing the ongoing recession.
KATHMANDU, June 15: Nepal Rastra Bank (NRB) has hinted at introducing a loose monetary policy for the upcoming financial year. NRB Governor Maha Prasad Adhikari conveyed this during an interaction held in Birgunj.
The recent announcement made by the Nepal Rastra Bank (NRB) regarding additional benefits for banks that carry out joint operations by mid-July is a positive gesture that should be embraced by all commercial banks operating in the country. This move by the central bank aims to facilitate big mergers of commercial banks and provide a conducive environment for their success.
KATHMANDU, June 4: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said that the agreement between Nepal and India on cross-border digital payments will facilitate payments between the two countries.
KATHMANDU, May 17: The Nepal Rastra Bank (NRB) has issued a circular to the banks and financial institutions about the arrangements related to loan restructuring and rescheduling which was brought into effect through the third review of the monetary policy of the current fiscal year 2079/80.
KATHMANDU, May 10: The country's balance of payments (BoP) remained at a surplus of Rs 180.17 billion till mid-April, according to a report about the current macroeconomic and financial situation of Nepal unveiled by the Nepal Rastra Bank on Wednesday. Similarly, gross foreign exchange reserves till the date stood at Rs 1433.73 billion and 10.94 billion in the USD terms.
KATHMANDU, May 8: While the government has been reiterating its priority towards the monetary policy to address the country’s current economic problems, Nepal Rastra Bank (NRB) says the over expectation on the central bank could result in undesired outcome.
KATHMANDU, May 7: While the government is preparing a program to increase economic activities through the next year's budget, Nepal Rastra Bank (NRB) is also set to review the third quarter of the current year's monetary policy by Wednesday.