Newly appointed NRB Governor assumes office, plans new currency design
Paudel was appointed by the Cabinet on Tuesday.
KATHMANDU: Bishwanath Paudel has officially assumed office as the Governor of Nepal Rastra Bank (NRB).
He took the oath of office and secrecy before Chief Justice Bishowambhar Prasad Shrestha on Wednesday and immediately proceeded to the central bank’s office in Baluwatar to begin his duties.
Paudel was appointed by the Cabinet on Tuesday, ending a 44-day vacancy in the governor’s post caused by prolonged political deadlock between the ruling Nepali Congress and CPN-UML.
This delay violated the legal provision requiring a new governor to be appointed at least one month before the position becomes vacant.
Due to the deadlock, the central bank—a key economic advisory body for the government—had been without leadership since April 7.
Upon assuming office, Governor Paudel made his first decision to initiate the redesign of the 1000 and 50 rupee notes, marking a significant step toward currency modernization.
New NRB governor meets FM, vows strong policy coordination
Newly appointed Governor of NRB, Dr. Bishwanath Paudel, met with Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel at the Ministry of Finance this morning.
During the meeting, Finance Minister Paudel congratulated Dr. Paudel on his appointment and extended best wishes for a successful tenure.
He expressed confidence that the new governor would play a vital and result-oriented role in addressing current economic and monetary challenges through enhanced coordination between fiscal and monetary policies.
In response, Governor Dr. Paudel acknowledged the Finance Ministry’s role in leading the country’s economy and assured that the central bank would support the implementation of fiscal policy through effective monetary measures.
He also emphasized strengthening the NRB’s supervisory capacity to enhance efficiency in the financial sector.
Also present at the meeting were Minister for Industry, Commerce and Supplies Damodar Bhandari, Finance Secretary Ghanshyam Upadhyay, Revenue Secretary Dinesh Kumar Ghimire, and other officials, who extended their congratulations and best wishes to the newly appointed governor.
