Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) Governor Bishwanath Poudel has said that the foreign currency reserves managed by the Nepal Rastra Bank (NRB) are being invested in safe assets and changes in the interest rate of the US Treasury will have a direct impact on the return. <\/p>\n
During the meeting, Minister Khatiwada said that the NRB has invested more than Rs 22 billion in foreign countries. <\/p>\n
He said, “We will invest the foreign reserve money abroad. Currently, we have invested more than Rs 22 billion in foreign countries. It is mainly invested in the Treasury. About 60 percent of the US dollar is in the US Treasury, while the rest is invested in Chinese and Indian Treasuries. Currently, our average return is around 3.8 percent. \u2019<\/p>\n
Stating that the fall in the US Treasury interest rate will have a direct impact on Nepal, he said, “If the US Treasury rate falls by 1 percent, we will have an impact of about Rs 30 to 35 billion.” Since 60 percent of the investment is in the US Treasury, its impact is direct. That’s why we choose ‘Safe Assets’. \u2019<\/p>\n
He also said that discussion was underway on the concept of sovereign wealth fund as an alternative measure for the management of foreign currency reserves. He said, “We are also thinking about the option of bringing sovereign wealth fund and investing some money in mutual funds.” If the honorable members are interested in this, we can hold further discussions. \u2019<\/p>\n
Responding to queries raised on the issue of agricultural loan, he claimed that credit flow to agriculture sector has increased, not decreased. He said, “In the year 2076 BS, there was a loan of around Rs 205 billion under the ABC classification in the agriculture sector. Now, in 2008, it has increased to Rs 710 billion. Therefore, the conclusion that agricultural credit has decreased is not correct. \u2019<\/p>\n
On the issue of credit flow not growing as per the target, he said that the policy alone was not possible to create entrepreneurs and entrepreneurs. Stating that entrepreneurship could not be developed by exerting excessive pressure on entrepreneurs, he said, “Entrepreneurs also make mistakes while working. Entrepreneurs will not be born if only action is taken against them for every mistake. The state should create a supportive environment for the promotion of entrepreneurship. \u2019<\/p>\n
Governor Dr. Poudel clarified that the main responsibility of the NRB is to keep the financial system stable. Referring to the situation of foreign exchange reserves, he said that Nepal is not in a situation of shortage of foreign currency at present. The expected economic results would be achieved only from coordination of monetary policy and fiscal policy, he stressed. <\/p>\n
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Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) Governor Bishwanath Poudel has said that the foreign currency reserves managed by the Nepal Rastra Bank (NRB) are being invested in safe assets and changes in the interest rate of the US Treasury will have a direct impact on the return. During the meeting, Minister Khatiwada said that the […]<\/p>\n","protected":false},"author":1,"featured_media":19494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[90,105,123,129,135,147],"tags":[],"class_list":["post-31638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-en","category-governor-en","category-banking-update-en","category-special-en","category-nrb-en","category-news-en"],"acf":[],"jetpack_featured_media_url":"https:\/\/english.bankingsansar.com\/wp-content\/uploads\/2025\/05\/bishwonath-poudel-2.jpg","_links":{"self":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts\/31638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/comments?post=31638"}],"version-history":[{"count":2,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts\/31638\/revisions"}],"predecessor-version":[{"id":31646,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts\/31638\/revisions\/31646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/media\/19494"}],"wp:attachment":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/media?parent=31638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/categories?post=31638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/tags?post=31638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}