Kathmandu, February 5
Himalaya Shumsher Rana, the first governor of the country’s central bank, has passed away. He was 95.
Norvic Hospital in Kathmandu says Rana breathed his last at around 6:30 am on Sunday while undergoing treatment at the hospital.
It was Rana who negotiated with India to fix the permanent exchange rate between the currencies of the two countries at 1:1.6. Meanwhile, he also opened a bank account of Nepal Rastra Bank in Japan, facilitating the trade between the two countries.
He was also honoured with the Japanese government’s Order of the Rising Sun, gold and silver awards.
Following his retirement from the central bank, Rana turned himself into an industrialist and founded Gorkha Brewery, Himalayan Distillery and Himalayan Bank.