The politics of Nepal function within a framework of a republic with a multi-party system. Currently, the position of President (head of state) is occupied by Ram Baran Yadav. The position of Prime Minister (head of government) is held by Jhala Nath Khanal, following a seven-month interval with no prime minister after the resignation of Madhav Kumar Nepal on June 30, 2010. Executive power is exercised by the Prime Minister and his cabinet, while legislative power is vested in the Constituent Assembly.
Until May 28, 2008, Nepal was a constitutional monarchy. On that date, the constitution was altered by the Constituent Assembly to make the country a republic.
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