Kathmandu: Bishwa Poudel has been appointed as the governor. The cabinet meeting appointed Poudel as the governor of the central bank. Government spokesperson and Minister for Communications and Information Technology Prithvi Subba Gurung informed that Poudel has been appointed as the governor. The central bank has got its 18th governor amid much turmoil.

The new governor has been appointed about a month and a half after the governor post fell vacant in the central bank. The process was delayed due to much turmoil between the main ruling parties, the Nepali Congress and the UML, over who should be appointed as the governor.

After the government was on the verge of collapse due to the absence of a governor, Prime Minister KP Oli appointed Poudel as the governor, supporting the proposal of Congress President Sher Bahadur Deuba. Poudel is considered to be private sector-friendly, capital market-friendly and a supporter of a liberal and open economy. The news of Poudel's appointment has added to the excitement in the market. The newly appointed governor, Poudel, also has a good understanding of the capital market.

He has previously expressed the view that the capital market should be allowed to operate freely through various articles. It is expected that the previously tight policies focused on the capital market will now be relaxed.