Kathmandu, April 27: The 45th anniversary of Nepal Rastra Bank was observed here by organising various programmes.

On the occasion, NRB Governor Dr. Tilak Rawal said the NRB works effectively for promoting job opportunities and alleviating poverty while maintaining economic stability at the same time.

Stating that the NRB as a central bank has focussed its attention on reducing interest rates, Dr. Rawal noted that reduction of the spread rate has helped financial institutions working for poverty alleviation and other productive activities receiving priority to get capital in a simplified manner.

The balance of payment is now favourable, exchange rate is stable, inflation is under control and a balance has been maintained in foreign trade, the NRB Governor said, adding promoting investment for economic development of the country is the major challenge facing the NRB.

Various other speakers including deputy governor Bharat Krishna Sharma and NRB Employees Association Prem Prasad Pandey also expressed their views at the function.

On the occasion, Dr. Rawal presented gifts and certificates to 50 employees completing 25 years of service.

He also gave away certificates and cash prizes to winners of competitive literary writings.