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Analysis & opinionJuly 25 2022

Nepal's central bank governor confident FX pressures can be overcome

Maha Prasad Adhikari, governor of the central bank of Nepal, on the country’s current foreign exchange reserves crisis and the evolution of digital banking.
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Nepal's central bank governor confident FX pressures can be overcome

Q: How did the Covid-19 pandemic affect Nepal, and what steps were taken to support the economy? 

A: Covid significantly impacted the economy, and there were many challenges to overcome as a central bank. Some measures included monetary stimulus to support the small and medium-sized enterprise space. We had to take measures to bring confidence to the business community. 

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Kimberley Long is the Asia editor at The Banker. She joined from Euromoney, where she spent four years as transaction services editor. She has a BA in English Language and Literature from the University of Liverpool, and an MA in Print Journalism from the University of Sheffield. Between degrees she spent a year teaching English in Japan as part of the JET Programme.
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