Nepal Rastra Bank

As per the Nepal Rastra Bank Act, 2002 Section 4(1) the objectives of the Bank shall be as follows:-

(a) To formulate necessary monetary and foreign exchange policies in order to maintain the stability of price and balance of payment for economic stability and sustainable development of economy, and manage it,

(b) To increase the access of the financial service and increase the public confidence towards the banking and financial system by maintaining stability of the banking and financial sectors,

(c) To develop a secure, healthy and efficient system of payment;

(a) To issue bank notes and coins;

(b) To formulate necessary monetary policies in order to maintain price stability and to implement or cause to implement them,

(c) To formulate foreign exchange policies and to implement or cause to implement them,

(d) To determine the system of foreign exchange rate,

(e) To manage and operate foreign exchange reserve,

(f) To issue license to commercial banks and financial institutions to carry on banking and financial business and to regulate, inspect, supervise and monitor such transactions,

(g) To act as a banker, advisor and financial agent of Government of Nepal,

(h) To act as the banker of commercial banks and financial institutions and to function as the lender of the last resort,

(i) To establish and promote the system of payment, clearing and settlement and to regulate these activities,

(j) To operate open market transaction through necessary instruments for liquidity management,

(j) To implement or cause to implement any other necessary functions which the Bank has to carry out in order to achieve the objectives of the Bank under NRB Act, 2002.

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