The Bhutanese Leading the way.
The Royal Monetary Authority (RMA), at a meeting with the private sector yesterday, announced a host of changes to its earlier circular on the issuance of Indian rupee (INR). One of the major changes was instructions to the private sector to open a rupee account for every manufacturing industry …
Read More »RMA Governor slams media reports, said individuals fueled the rupee shortage not the private sector alone
Do not confuse private individual consumption and private sector consumption, said the central bank Governor Daw Tenzin stressed at a conference with the private sector yesterday, here in the capital. He was referring to the cause of Indian Rupee (INR) crunch exacerbating by the day for which the private sector …
Read More »Fronting Report vanishes along with Rupee
With the Bhutanese economy being hit by a severe rupee crunch, people say one of the causes is fronting of businesses, especially in the manufacturing sector. But the government officials The Bhutanese talked to feel fronting could not be a cause of rupee crisis as much as it is believed …
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