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Interaction on CBDC and Upcoming Monetary Policy

Nepal Bankers’ Association (NBA) in coordination with Nepal Rastra Bank (NRB) organised an interaction program on Central Bank Digital Currency (CBDC) and Upcoming Monetary Policy at Pokhara on 1st July 2022. The objective of the program was to get input and suggestions from the CEOs of commercial banks by having a discussion on CBDC and the upcoming monetary policy

The program started with welcome remarks from the NBA President Mr. Anil Kumar Upadhyay and NRB Director (Pokhara Office) Dr. Ram Saran Kharel where they highlighted the challenges and opportunities in the banking industry.

Mr. Sunil K. Pokharel, CEO, Civil Bank Ltd presented a paper on “The Future of CBDC and Its Impact on Banking Sector”, which focused on the background, history and advantages of CBDC and the opportunities for the Central Bank and the entire banking sector on implementation of digital currency. Chief Guest of the program Honorable Governor Mr. Maha Prasad Adhikari welcomed the initiation taken by NBA and creating awareness on digital currency.

Following the presentation, there was interaction on the upcoming Monetary Policy where the CEOs and Province Heads made some suggestions. Honorable Governor assured that the upcoming Monetary Policy shall focus on dealing with current financial difficulties and support the Fiscal Policy.

The program was hosted in the presence of NRB officials, CEOs and Gandaki Province Heads from member banks.