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Wednesday, October 27, 2021
    Nepal Breaking NewsEconomy | FinanceMonetary Policy 2078-79 | Nepal Monetary Policy 2021-22

    Monetary Policy 2078-79 | Nepal Monetary Policy 2021-22

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    NRB announces to promote FY 2021/22 as Electronic Transaction Promotion Year

    Nepal Rastra Bank has stated that fiscal year 2021/22 be designated as an electronic transaction promotion year.

    On Friday, Governor of Nepal Rastra Bank Maha Prasad Adhikari outlined monetary policy, emphasizing the importance of establishing appropriate infrastructure and raising public knowledge about electronic payments.

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    NRB has intentions to interconnect digital payment instruments in order to keep track of digital transactions and settle digital transactions that occur within the country. In addition, the central bank has announced plans to develop a national payment gateway in order to issue payment cards.

    NRB has a reassessment of the limit imposed for digital transaction payment via various methods designed to promote electronic transactions. It has also stated that it intends to cut the tariff levied on digital transactions.

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    Among other things, NRB has declared that government organisations be able to receive funds via electronic payment. It has also intentions to pay social security benefits through an electronic transaction mechanism.

    Monetary Policy Committee has outlined a variety of incentives for banks and financial organisations considering mergers. It has also established a limit of Rs 120 million for bank deposits against share deposits.

    [pdf-embedder url=”https://earnmoney.com.np/wp-content/uploads/2021/08/Nepal-Monetary-Policy-2078-79-EARNMONEY_COM_NP.pdf”]


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