Weekly Summary
The government advanced budget planning through a “suggestion collection portal”, while the post of Securities Board of Nepal chair drew 47 applications and Parliament processed fiscal priorities alongside continued questions in the chamber. Political and governance changes dominated midweek, including the government’s announcement of constitution amendment, court intervention to pause the immediate impact of trade union abolition, and a Cabinet reshuffle/restructuring into 17 ministries. Accountability and legal scrutiny focused on finance and public administration, with Jyoti Pandey’s bail release after Central Investigation Bureau arrest allegations, Rishav Karki’s prison sentence for embezzlement at Nepal Investment Mega Bank, and a committee formed to investigate Sudhan Gurung (details of the underlying allegations were not specified in the provided entries).
Forex remained relatively stable over the week: USD/NPR moved within 151.48-153.85 (1.56% net change), starting at NPR 151.48 on May 10 and ending at NPR 153.85 on May 17; other major pairs traded in narrow ranges (CAD 110.76-112.07, AUD 109.78-111.24, GBP 205.75-207.99, JPY 9.67-9.73). Local fine gold showed a downtrend of NPR -4,500 per tola, ending at NPR 294,000; international gold closed near NPR 261,848 per tola; local silver remained downtrend around NPR 5,060; international silver closed near NPR 4,382.
