Himalaya Shumsher Rana, the first governor of Nepal Rastra Bank, passed away on Sunday. He was 95.

According to Rana’s son-in-law and Nepali Congress leader Sunil Bahadur Thapa, the former governor breathed his last at around 6:30am while undergoing treatment at Norvic Hospital in Kathmandu.

Rana worked as a representative in various countries from 1962 to 1986 under the United Nations Development Programme. Also a former finance secretary, Rana is the founder of Himalayan Bank.

He was conferred with the title of The Order of Japan (The Order of the Rising Sun, Gold and Silver Star) in recognition of his contributions.