Kathmandu. Kathmandu: Nepal Rastra Bank (NRB) has decided to issue some acts for investment and banking sector reforms.
The central bank has made this determination while releasing the third quarterly review of the monetary policy for the current fiscal year today. Nepal Rastra Bank (NRB) will issue ‘Nepal Rastra Bank Foreign Investment and Foreign Debt Management Bye-laws, 2078’ incorporating the provisions of the latest amendments made in the Foreign Exchange (Regulation) Act, 2019 and the Foreign Investment and Technology Transfer Act, 2075 to improve the investment environment.
Similarly, the Rastra Bank has committed to formulate and issue a procedure to certify the desecration of cheques as per the amendment to the Banking Offences and Punishment Act, 2064 BS.
According to the review, the course of monetary policy has been carefully balanced based on the internal economic and financial situation and scenario.
Similarly, rastra bank claims that the course of monetary policy has been balanced based on the latest internal and external economic situation and scenario. According to the central bank, the monetary measures will be revised as per the need keeping in view the domestic economic activity, the ability of foreign exchange reserves to sustain imports and inflationary conditions.
Thanking all the stakeholders including the government agencies, industry and business associations, banks and financial institutions, academia, media and others for their support during the quarterly review of the monetary policy of the current fiscal year, the Rastra Bank believes that everyone will always cooperate in the implementation of the monetary policy and the policies and programs arranged in this review.
