The Nepal Rastra Bank (NRB) is Nepal's central bank established in 1956 and serves as the monetary, regulatory and supervisory authority for banks and financial institutions in Nepal. The NRB Act of 2002 provides operational autonomy and independence to the NRB. The key objectives of the NRB are to achieve price and balance of payments stability, manage liquidity and ensure financial stability, develop a sound payments system, and promote financial services.