Nepal suspends governor as economic problems deepen

Maha Prasad Adhikari faces possible dismissal, as Nepal struggles to cope with Covid-19 fallout

The Nepal Rastra Bank.jpg
Nepal Rastra Bank

The government of Nepal has suspended central bank governor Maha Prasad Adhikari, as it struggles to control mounting economic problems.

The government accused Adhikari of leaking sensitive information and failing to perform his duties effectively, the Kathmandu Post reported on April 9.

Under Nepal’s central bank act, a governor can be removed early for reasons including a “lack of capability”, causing losses to the banking and financial system, or acting dishonestly. Before a governor is

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