Tag Archives: Rupee Crisis

Three crises that created the Rupee crisis

Over the years I have observed one important character of the Bhutanese people, i.e “artificiality”. Everything is artificial. Look at the land value. Artificial inflation. the land value around the country is being excessively / artificially increased way beyond the actual value. Just as an example, if tomorrow the government …

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Three crises that created the Rupee crisis

  The rupee crisis is a combination of three other crises affecting the Bhutanese economy. They are namely, the trade crisis, the financial management crisis and also the individual lifestyle crisis. The rupee crisis being an individual lifestyle crisis can be best summed up in the saying, ‘Bhutan is a …

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Home-grown vegetables next on agenda

  Tanden Zangmo and Sonam Choden / Thimphu Vegetable vendors were encouraged to buy and sell local produce from within the country in order to make a difference to the farmers, consumers and themselves. This was the objective behind Agriculture Minister Lyonpo Dr Pema Gyamtsho visiting the Centennial Farmers Market …

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Rupee crunch exacerbates drug shortage

While drugs are already in short supply, the rupee crunch is making the situation worse in the capital. The Operation Manager of Karma Tshongkhang (under Karma Group of Companies), Sonam Pemo, said if the INR crunch continues, there are good chances of their supplies being blocked. “If our supplies get …

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Bonding during a crisis

  The rupee crisis has not only hit Bhutan’s economy but it has also stung our national pride and confidence. This is not just an economic crisis for the nation but also a painful and uncertain time for every Bhutanese from humble farmers to business tycoons. However, it is only …

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