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Role, Function, Power - of the Governor - Nepal Rastra Bank - Nepal

Appointment of the Governor in Nepal:

Here are the procedure in order to be appoint  the Governor  :-

1.Government of Nepal, the Council of Minister shall appoint Governor on the basis of the recommendation of the Recommendation on Committee formed pursuant to sub-section(2).

2. Government of Nepal, the Council of Minister shall for the appointment of Governor, form a recommendation Committee as following -
    (a) Minister of Finance                   - Chairperson
    (b) One person from among the former Governors       - Member
    (c) One person designated by Government of Nepal from among the persons renowned in the fields of Economical Law           - Member

While making recommendation for the appointment of Governor, the committee formed pursuant to sub-section(2), shall recommend to Government of Nepal, the Council of Ministers the names of three persons renowned in the fields of economic, monetary, banking, finance, commerce, management, commercial law and from among the Deputy Governors.

Government of Nepal, the Council of Minister shall out of the names recommended pursuant to sub-section(3),appoint one person to the Office of Governor.

Tenure of the Governor:

The tenure of Office of the Governor, Deputy Governor and Directors shall be of Five years.

Government of Nepal may, reappoint the retiring Governor for one term and retiring Directors for any term, if it is deemed necessary.

Qualifications :

In order to be appointed to the post of Governor , Deputy Governor and  Directors a person shall have to meet the following qualifications : -

>Nepalese citizen
>Having higher moral character.
>Having work experience in economic , monetary banking, financial and commercial law sectors.

After having attained at least master's degree in economics , monetary, banking, finance, commerce, management, public administration, statistics, mathematics and law.

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