Who select the governor of central bank of Nepal?

Answer 1

Appointment of the Governor:

(1) Government of Nepal, the Council of Ministers shall appoint Governor on the basis of the recommendation of the Recommendation Committee

formed pursuant to sub-section (2).

(2) Government of Nepal, the Council of Ministers shall, for the appointment of

Governor, form a Recommendation Committee as follows:-

(a) Minister of Finance - Chairperson

(b) One person from among the former Governors - Member

(c) One person designated by Government of

Nepal from amongst the persons renowned

in the fields of Economic, Monitory,

Banking, Finance and Commercial Law. - Member

(3) 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 field of economic,

monetary, banking, finance, commerce, management, commercial law and from among the

Deputy Governors.

(4) Government of Nepal, the Council of Ministers shall, out of the names

recommended pursuant to sub-section (3), appoint one person to the Office of Governor.