Banking Khabar/ Nepal Rastra Bank Governor Dr. Bishwanath Paudel has emphasized that legal clarity is crucial to drive the nation’s economy forward. Speaking at a SEJON event on Thursday, he warned that vague laws amid political instability risk creating further economic complications and urged journalists to be cautious while interpreting legal matters.
Addressing the aftermath of the recent “Gen Z Movement” protests (Sept 8–9), Paudel highlighted the severe damage caused: 68 bank branches and 69 ATMs vandalized nationwide, including the Rastriya Banijya Bank branch inside Parliament, which lost cash and gold worth nearly Rs 3.8 billion. However, he assured that customer accounts, lockers, and core banking systems remain secure.
Paudel underlined the need to boost investor confidence, protect domestic investment, and build an investment-friendly climate to also attract foreign capital. He noted that reconstruction will require resources but, more importantly, improved governance and administrative efficiency.
For long-term economic resilience, he stressed three essentials:
– Political stability
– Investment-friendly policies
– Strong private sector confidence
The Governor reaffirmed the central bank’s commitment to supporting businesses and individuals through monetary measures to withstand future crises.
