NRB Governor Adhikari participates in 93rd AGM of BIS

KATHMANDU: Nepal Rastra Bank Governor Maha Prasad Adhikari attended the 93rd annual general meeting (AGM) of the Bank for International Settlements (BIS) in Switzerland. Representatives of BIS member countries, various central banks and monetary authorities from across the world attended the AGM of BIS held in Basel on June 24 and 25. During the meeting, Governor Adhikari participated in the interaction on 'Policy Approaches for Addressing Risks Posed by Crypto Assets and Decentralized Finance' organised by the Financial Stability Institute on June 24. During the interaction, Adhikari spoke about the challenges that cryptocurrencies can bring and the policy arrangements adopted by Nepal to address them. In the meeting, BIS General Manager Agustín Carstens released the annual report of the BIS and said the central banks around the world are under pressure due to high inflation and challenges in financial stability. Governor Adhikari also participated in the Central Bank Roundtable discussion titled 'Overcoming Cross-border Payment Challenges for Emerging Markets and Developing Economies (EMDEs)', on June 25. During the meeting, Governor Adhikari held a meeting with the Governor of the State Bank of Pakistan,  Jameel Ahmed. They discussed the price situation, financial stability and external sector management. The NRB Governor observed the 'BIS Innovation Hub' and learnt about its various projects. He returned home on June 27. BIS is an international financial institution owned by member central banks. to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks. BIS is an international financial institution owned by member central banks, which plays an essential role to support central banks' pursuit of monetary and financial stability through international cooperation and to act as a bank for central banks. Founded in 1930, this organisation currently has 63 central banks as members. Its headquarters is in Basel, Switzerland. READ ALSO:

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