Saturday, December 5, 2020

Adhikari addresses SEACEN Governors' Conference

 Kathmandu, Dec. 1

Nepal Rastra Bank has updated the South East Asian Central Banks (SEACEN) about the impact of COVID-19 on Nepali economy and efforts made to minimise the impact and rehabilitate the business and economic activities.

Speaking at the 56th SEACEN Governors' Conference and the 40th Meeting of the SEACEN Board of Governors, Governor of the NRB Maha Prasad Adhikari also expressed his view on the policy proposal of the SEACEN Centre for the coming year, said the central bank in a statement on Tuesday.

The meeting has discussed the impacts of the coronavirus pandemic on the economy and member country's efforts to mitigate the adverse impact.

The member countries agreed to continue the regular meetings and activities virtually even during the pandemic.

According to the NRB, the conference and meeting were held virtually. They were chaired by the Managing Director of the Authority Monitory Brunei Darussalam Yang Mulia Dayang Hajah Rokiah Binti Haji Badar. Deputy Governor of the People's Bank of China Chen Yulu had presented a paper on 'Opportunities and Challenges in Adopting Central Bank Digital Currency'.

NRB Executive Directors Dr. Nephil Matangi Maskay, Dr. Gunakar Bhatta and Ramu Poudel and Acting Director Narayan Prasad Pokhrel had also participated in the events.

Published in The Rising Nepal daily on 2 December 2020. 

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