Lawmakers want a shorter governor term. Experts fear instability in central bank
Kathmandu, Sept. 13 -- Nepal's central bank governors have faced political pressure several times before. They, however, have found protection in the courts.
In April 2022, then Nepal Rastra Bank Governor Maha Prasad Adhikari was suspended by the Cabinet after resisting government intervention. He challenged the decision in the Supreme Court and returned to office after the court ruled in his favour. He went on to complete his five-year term.
The case was not the first time Nepal's judiciary had intervened to protect the autonomy of the central bank. In 2000, the government removed then governor Tilak Rawal and appointed Dipendra Purush Dhakal in his place. Rawal challenged the decision, and nine months later the top court ordered his r...
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