Currency Law in Nepal: Regulations, Offenses, and Legal Penalties
Nepal’s currency law is governed primarily by the Nepal Rastra Bank Act, 2002, and the National Penal Code, 2074. It outlines legal provisions related to currency issuance, use, counterfeiting, and handling. Offenses such as using counterfeit currency, making unauthorized instruments, or altering banknotes carry strict penalties, including imprisonment and fines. Nepal Rastra Bank regulates currency operations and prohibits cryptocurrencies. The law also protects consumers, promotes monetary stability, and ensures compliance with international standards. This article provides a detailed overview of legal definitions, offenses, and sentencing related to currency crimes in Nepal.