NRB

NRB Governor Discusses Power Export and Hydropower Sector Development with IPPAN 11
Business | Market | Economy

NRB Governor Discusses Power Export and Hydropower Sector Development with IPPAN

Maha Prasad Adhikari, the Governor of the Nepal Rastra Bank (NRB), has emphasized that Nepal’s trade deficit could be effectively addressed if the country could export power worth Rs 130 billion annually. In a meeting with the office-bearers of the Independent Power Producers’ Association, Nepal (IPPAN), Governor Adhikari highlighted the potential of power export as

"Nepal Rastra Bank to Publicize Monetary Policy for Fiscal Year 2080-81, Governor's Return Coincides with Announcement" 15
Business | Market | Economy

“Nepal Rastra Bank to Publicize Monetary Policy for Fiscal Year 2080-81, Governor’s Return Coincides with Announcement”

The Nepal Rastra Bank (NRB) is preparing to announce the monetary policy for the ongoing fiscal year 2080-81, which is expected to be publicized by the end of the first week of Shrawan. Narayan Prasad Pokhrel, the Deputy Spokesperson and Information Officer of NRB, revealed in a phone conversation with Sharesansar that the central bank

NRB Approves Merger of National and Summit Microfinance 17
Business | Market | Economy

NRB Approves Merger of National and Summit Microfinance

The Nepal Rastra Bank (NRB) has given its final approval for the merger between National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) and Summit Laghubitta Bittiya Sanstha Limited (SMFDB). National Microfinance (NMFBS) issued a press release announcing the approval. The merger proposal by National Microfinance was presented at a Special General Meeting (SGM) and was later

Nepal Rastra Bank Begins Preparations for Fiscal Year 2080-81 Monetary Policy to Boost Economy 19
Business | Market | Economy

Nepal Rastra Bank Begins Preparations for Fiscal Year 2080-81 Monetary Policy to Boost Economy

The Nepal Rastra Bank (NRB) has initiated the process of formulating the monetary policy for the upcoming fiscal year 2080-81. In line with the financial budget announcement for the same fiscal year, the central bank has commenced its work on preparing the monetary policy. To gather input and recommendations for the monetary policy formulation, the

Is bitcoin banned in Nepal? 23
Cryptocurrency in Nepal, Work at Home

Is bitcoin banned in Nepal?

Ban of Transaction of Bitcoin and other cryptocurrencies in Nepal. The central bank of Nepal, Nepal Rastra Bank (“NRB”) published a notice pursuant to Nepal Rastra Bank Act 2001 (“NRB Act”) and Foreign Exchange (Regulation) Act 1962 (“FERA”) prohibiting the usage of Bitcoin in Nepal. NRB has not recognized Bitcoins as a valid currency in Nepal. A few highlights on the ban: Laws of Nepal: The

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