The government has begun the process of amending the Nepal Rastra Bank Act to reinforce the central bank’s autonomy and supervisory authority. A draft discussed on February 20 proposes expanding the board from seven to nine members and formally recognizing digital currency and digital banking. Spokesperson Guru Prasad Paudel said the move is partly driven by commitments made to the International Monetary Fund under the Extended Credit Facility. The bill also requires former employees to observe a three-year cooling-off period before joining the board to safeguard institutional independence.
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