Nepal Rastra Bank (NRB), the central bank of Nepal, was established on April 26, 1956. The establishment of NRB was a significant milestone in Nepal's financial history, as it marked the country's transition to a formalized and structured monetary system. The primary responsibilities of NRB include formulating monetary policy, regulating and supervising banks and financial institutions, managing foreign exchange reserves, and promoting financial stability and economic growth in Nepal.
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Image Credit: Central Banking
