“Mr. Chinta Mani Siwakoti, Senior Deputy Governor of Nepal Rastra Bank, who could have provided an outline of central bank’s next plan.

Mr. Siwakoti is in his 29th year of service at Nepal Rastra Bank.  He accomplished his MBA and BL from Tribhuvan University. He further went to New Hampshire, USA for his higher studies through NRB. Mr. Siwakoti entered NRB in the post of Head Assistant in 2044 and his hard work, dedication and commitment has followed him up to the senior most position of Deputy Governor. Considering the same, on 19th Falgun, 2072, Nepal government selected Mr. Siwakoti as the rightmost candidate for the position of deputy governor. His visit to almost 23 foreign countries has implanted confidence, experience and knowledge in policy making for a smooth financial reform in Nepalese financial market.

The solution seeks an intensive discussion with research, regulation and legal departments along with deputy governor and governor of Nepal Rastra Bank.

NRB has limited cash transaction to Rs 10 lakhs per day. It necessarily does not mean NRB discourages cash payment. We rather want all the transactions above Rs 10 lakhs to be recorded in order to track information about such payments.