The Nepal Rastra Bank was established in 1956 according to the Nepal Rastra Bank Act of 1955. It is headquartered in Kathmandu and currently led by Governor Yubaraj Khatiwada. The Nepal Rastra Bank uses the Nepali rupee as currency and regulates the banking and financial system of Nepal through monetary and foreign exchange policies to maintain macroeconomic stability. It also issues bank notes and coins, sets foreign exchange rates, and acts as the banker and advisor to the Government of Nepal and commercial banks.

1. By Prayash Neupane

2.  Established in 1956 AD under the Nepal
Rastra Bank Act 1955 AD.
 Head Quarter located at Baluwatar,
Kathmandu.
 Current Governer is Yubaraj Khatiwada.
 Uses Nepali rupee (NRP) as currency.
Website - www.nrb.org.np
 It has seven regional offices, located
at Biratnagar, Janakpur, Birgunj, Pokhara, Sid
dharthanagar, Nepalgunj, and Dhangadi.

3.  Vision:- “To become A modern, dynamic,
credible and effctive central bank.”
 Mission:- “To maintain macro-economic
stability through sound and effective
monetary, foreign exchange and financial
sector policies.”

4.  Governor - Appointed by the Government of
Nepal.
 Secretary, Ministry of Finance.
 Two Deputy Governors - Appointed by the
Government of Nepal.
 Three Directors - Appointed by the
Government of Nepal.

5.  To formulate necessary monetary and foreign
exchange policies.
 To promote stability and liquidity required in
banking and financial sector.
 To develop a secure, healthy and efficient
system of payment.
 To regulate, inspect, supervise and monitor
the banking and financial system.
 To promote entire banking and financial
system of Nepal.

6.  Issue bank notes and coins.
 Formulate necessary monetary policies in order
to maintain price stability.
 Formulate foreign exchange policies.
 Determine the system of foreign exchange rate.
 Manage and operate foreign exchange reserve.
 Issue license to commercial banks and financial
institutions.
 Act as a banker, advisor and financial agent of
Government of Nepal.
 Act as the banker of commercial banks and
financial institutions.