Finance Minister Dr. Swarnim Wagle Emphasizes Need to Amend Nepal Rastra Bank Act, 2058 for Autonomy and Modernization
Summary
Finance Minister Dr. Swarnim Wagle emphasized the need to amend the Nepal Rastra Bank Act, 2058, to enhance the central bank's autonomy, professionalism, and integration of digital currency, while ensuring coordination with government fiscal policy.
Key Points
- Finance Minister Dr. Swarnim Wagle highlighted the need to amend the Nepal Rastra Bank Act, 2058 to make the bank more autonomous, professional, and technology-friendly.
- The amendment aims to incorporate digital currency and update provisions for governance and banknote issuance.
- The Act's reforms align with commitments made to the IMF and aim to safeguard the Rastra Bank from political interference while ensuring coordination with fiscal policy.
- The bill will be refined in parliament through detailed discussions with feedback from lawmakers.
