18 results for "Nepal Rastra Bank"
Nepal is quickly changing the way people pay, with QR codes becoming a familiar part of everyday life, from tea shops to larger businesses. Digital payments are growing rapidly, while cash remains important for many people. As Nepal moves toward a more connected financial system, the bigger challenge will be making digital payments safe, simple, and accessible to everyone.
Nepal Rastra Bank has opened an international tender for the design, minting, supply and delivery of 400 million Re. 1 circulation coins worth Rs. 40 crore, with eligible bidders required to submit their bids by November 3, 2026.
For nearly eight decades, exchanging new notes during Dashain has been a major Nepali tradition linked with blessings, family gatherings, and the growth of Nepal’s own currency system. This year, Nepal Rastra Bank has changed the approach by moving away from fixed distribution programs and allowing people to exchange new and clean notes through banks and ATMs based on demand.
Lawmakers have demanded that the government consider banning Rs 500 and Rs 1,000 notes, arguing that the move could help bring hidden wealth into the banking system and control illegal money.
Nepalis spent a combined Rs 209 billion on overseas education and foreign travel in fiscal year 2025/26, according to Ministry of Finance data, as more students pursue education abroad and international travel grows.
Nepal registers a new Payment and Settlement Bill to modernize digital payments, strengthen customer protection and allow qualified foreign payment providers to operate under Nepal Rastra Bank rules.
A technical problem in Nepal’s National ID Management Information System has disrupted verification services across 16 government agencies, including the Department of Passports.
Finance Minister Swarnim Wagle has called for amendments to the Nepal Rastra Bank Act to make the central bank more proactive and accountable, while supporting a seven member board, two deputy governors and wider expert representation.
Finance Minister Dr. Swarnim Wagle has assured industrialists that the government is ready to review taxes and customs duties on raw materials and finished goods as part of a wider economic reform push.
Nepal’s NID aims to simplify identity verification across public services, digital wallets and possible India travel. However, card delays, implementation issues and privacy concerns remain.
Police say evidence gathered from CCTV footage, witnesses and the scene indicates that 70-year-old businessman Suresh Chandra Shrestha died by suicide inside his car in Kirtipur on Tuesday, July 21, 2026. Investigators have reportedly found no evidence of another person’s involvement, while claims that financial difficulties contributed to his death remain part of the inquiry rather than a medically or legally confirmed motive.
Nepal's Cabinet has approved a redesign of the Re. 1 and Rs. 2 coins, with reports that the Re. 1 coin will feature Lo Ghyakar Monastery instead of the country's map. Critics call it a sidelining of a national symbol, while officials call it a cost-driven technical update. The move has revived debate over how national identity is represented on Nepal's currency.
Nepal Rastra Bank has eased the National ID rule for bank accounts, giving customers until Ashoj 2083 to self-declare their NID status and stopping banks from freezing accounts only because NID details are missing.
The Nepal government has cleared a proposal allowing Nepal Rastra Bank to introduce redesigned Re. 1 and Rs. 2 coins with lower weight, smaller dimensions and a stainless-steel body. The Re. 1 coin will feature Mustang’s historic Lo Gekar Monastery, while the Rs. 2 coin will continue to carry Nepal’s updated national map.
During an hour long meeting, the Prime Minister called for easier lending rules, supportive interest rates, stronger investor confidence, and special financial access for women and entrepreneurs from disadvantaged regions.
The Cabinet has approved the minting of newly designed Re. 1 and Rs. 2 coins, authorizing Nepal Rastra Bank to begin production, while also forming a high-level negotiation team to address the concerns of loan shark victims. Other decisions include accepting a USD 1.81 million South Korean grant for a legal information system, approving new staff structures across government agencies, and endorsing measures related to forests, contract employees and the Policy Research Institute.
Nepal Rastra Bank's latest macroeconomic report paints a picture of an economy that is financially stable but still faces long-term structural challenges. Foreign exchange reserves have reached record levels, remittances continue to grow strongly and inflation remains relatively moderate. At the same time, imports continue to outpace exports, private sector lending remains weak and government capital spending has slowed. This feature explains the latest economic indicators—including inflation, foreign exchange reserves, trade, remittances, banking, interest rates, and government finances in simple language, helping readers understand what the numbers really mean for Nepal's economy and for everyday life.
Nepal Rastra Bank has introduced a new series of Rs. 500 banknotes featuring improved security measures, color-shifting elements, tactile marks for the visually impaired, and the signature of Governor Prof. Dr. Biswo Nath Poudel.
