KATHMANDU, July 20: Nepal Rastra Bank (NRB) has tightened the dollar exchange service. With the move of the central bank, now the Nepali citizens who are going to travel abroad can only exchange USD 200.
KATHMANDU, May 12: Nepal has received remittance amounting to over Rs 724 billion in the nine months of the current fiscal year, 2021/22, a 0.6 percent decline as compared to the corresponding period last year, according to data published by the Nepal Rastra Bank on Wednesday. The figure had increased by 16.5 percent during the same period in the previous FY, 2020/21.
KATHMANDU, April 17: Suspended Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has knocked on the doors of the Supreme Court. Adhikari has filed a petition at the apex court, requesting his reinstatement to the post at the central bank.
KATHMANDU, April 12: The Non-Resident Nepali Association (NRNA) is to hold interaction with the non-resident Nepalis regarding their support in easing the situation of decreasing foreign currency reserves in the country. The interaction will also have the participation of government officials.
KATHMANDU, April 8: Finance Minister Janardan Sharma has revealed that he had received information that a member of the Board of Directors of Nepal Rastra Bank (NRB) had bargained for the release of millions of US dollars from the account of Prithvi Bahadur Shah of Achham.
KATHMANDU, April 7: Nepal Rastra Bank (NRB) Spokesperson Gunakar Bhatta has said that the government has decided to stop the import of luxury items to prevent the decline of the foreign exchange (forex) reserves of the country.
KATHMANDU, Nov 14: The Nepal Rastra Bank (NRB) has identified dearth of skilled workers, lack of sufficient electricity supply, and limited availability of raw materials as obstructions for the full-fledged operations of industries in the Gandaki Province.
KATHMANDU, Nov 3: The Nepal Rastra Bank (NRB) is making preparations to introduce new notes of Rs 100 and Rs 500 denominations that can be identified by even the visually-impaired people by touching the notes. Earlier the NRB had introduced the same type of note for Rs 1,000 with a highly-secure security thread that could be verified by machines.
KATHMANDU, August 31: Nepal Rastra Bank (NRB) has introduced a new system which will burn old, ripped bank notes to produce briquette. The technology introduced from the Netherlands will burn unusable paper bills and produce briquettes for fuel purposes. Prior to the new system, unusable bills were burnt and destroyed.
KATHMANDU, August 21: The most important question has never been raised: Can an open economy like Nepal pursue an independent monetary policy and inflation rate by maintaining a stable exchange rate with its major trading partners? My answer is a ‘no’. Unfortunately, policymakers never know, despite comments in the past from many organizations and individuals.
KATHMANDU, March 18: Payments through QR codes have shot up lately, Nepal Rastra Bank (NRB) has said. Over Rs 500 million was transacted through payments via QR codes in a period of just one month (From January 14 to February 12, 2021).
KATHMANDU, July 22: Nepal Rastra Bank (NRB) has renamed some of its departments and offices. The central bank changed the name of five departments and designated its offices outside the valley as the provincial offices. The changes of the names have come into effect from this week, according to the NRB notice.
KATHMANDU, July 18: The NRB unveiled its monetary policy for the current fiscal year 2020/21 introducing a number of relief measures for businesses battered by COVID-19. The private sector that has been bearing the brunt of the pandemic had pinned its hope on the monetary policy for revival and recovery.
In an interview with Republica’s Sagar Ghimire on Monday, Governor Adhikari discussed the focus of the upcoming monetary policy, plans to provide relief and other facilities to businesses battered by the pandemic, efforts to lower interest rates and measures to safeguard financial stability during the crisis, among others.
KATHMANDU, March 30: Nepal Rastra Bank (NRB) has introduced a number of relief measures aimed at providing relaxation on repayment of loans for businesses and individuals impacted by the Covid-19, ease liquidity in the banking system and promote electronic transactions and payment.
KATHMANDU, March 26: Nepal Rastra Bank (NRB) has issued a nine-point circular to all bank and financial institutions (BFIs) outlining service measures that they have to embrace in the wake of the lockdown imposed by the government to combat the COVID-19 pandemic.
KATHMANDU, March 23: Issuing a circular on Sunday, the Nepal Rastra Bank (NRB), has asked all types of banks and financial institutions (BFIs) to continue with the banking services with necessary precautions. “As the government has defined banking business under the very essential services, the central bank has sought the BFIs to carry on with their services as usual,” said Gunakar Bhatta, spokesperson of the NRB.
KATHMANDU, March 21: Nearly a month has elapsed since the Department of Money Laundering Investigation (DMLI) forwarded a letter to Nepal Rastra Bank (NRB) to take immediate action to stop the sale of Silver Heritage Group owned Tiger Palace Resort, the apex bank has not taken any decisions on the issue, rising fear that the millions of dollar to be siphoned off from the country.
KATHMANDU, March 21: As the race for the post of the governor of Nepal Rastra Bank (NRB) intensifies, Lal Shankar Ghimire is emerging as the dark horse candidate. Sources within the prime minister's office say Ghimire is Prime Minister Khadga Prasad Oli's favorite candidate.
KATHMANDU, March 13: Business firms can now get loans of up to Rs 5 million from banks without submitting a tax clearance certificate. Likewise, the first-time-home buyers are also allowed to get loans even without having the tax clearance certificate.
Few weeks back, Nepal Rastra Bank (NRB) announced that it will take serious action against those who receive or make international payments through social media platforms. Considering these transactions to be illegal, NRB has said that any such activities would be treated as foreign currency embezzlement for which the action would be taken under the Foreign Exchange Act (2019).
KATHMANDU, March 6: Nepal Rastra Bank (NRB) has allowed commercial banks to accept gold as interest-earning deposit which is expected to inject more cash into the market as well as help the banks to maintain their obligation for liquid assets.
KATHMANDU, Mar 4: The Nepal Rastra Bank (NRB) has softened its lending limit for first-time homebuyers giving respite to the manufacturers of construction materials that have been running in under capacity.
KATHMANDU, Feb 6: The Commission for the Investigation of Abuse of Authority (CIAA) has decided to ask the Nepal Rastra Bank (NRB) to investigate into the loans issued by various banks and financial institutions (BFIs) against the collateral of public, government and Guthi lands of Lalita Niwas that were ‘illegally’ captured by several powerful people.
KATHMANDU, Feb 1: Nepal Rastra Bank (NRB) has announced that it will take action against those making or receiving international payments for advertisements on the internet and in social media like Facebook, Twitter and YouTube as well as online portals.
KATHMANDU, Jan 23: The government objective of reaching access of commercial banks to all local levels across the country is close to materialization. According to a Nepal Rastra Bank (NRB) report, only 10 local levels are without a bank.