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Introduction - Nepal Rastra Bank
Nepal Rastra Bank (NRB), the Central Bank of Nepal, was built up in 1956 under the Nepal Rastra Bank Act, 1955, to release the focal keeping money obligations including directing the improvement of the embryonic household budgetary segment. Since initiation, there has been a noteworthy development in both the number and the exercises of the household budgetary organizations.
- To mirror this dynamic condition, the capacities and goals of the Bank have been recast by the new NRB Act of 2002, the prelude of which sets out the essential elements of the Bank as:
- to define fundamental money related and outside trade approaches to keep up the solidness in cost and merge the adjust of installments for supportable advancement of the economy of Nepal;
- to build up a safe, sound and productive arrangement of installments;
- to influence suitable supervision of the saving money and budgetary framework keeping in mind the end goal to keep up its soundness and encourage its solid advancement; and
- to additionally upgrade general society trust in Nepal's whole managing an account and monetary framework.
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