Tag Archives: 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 …

  A government appointed taskforce compromising of civil servants said that the Private sector and private consumption are the main causes of the rupee crisis. This has led to a severe credit crunch especially for the private sector bringing the Bhutanese economy to a virtual halt. However, a study by …

  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 …

  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 …

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 …

Financial Institutions say they may not be able to issue any new loans for months and even years under RMA’s latest liquidity or borrowing restrictions. This comes in the backdrop of the already existing housing and transport loan restrictions. Bhutan’s Financial Institutions are heading for a deep freeze as a …

The Indian ambassador to Bhutan, Pavan K Varma, said that the Government of India (GoI) will standby Bhutan to help tide over the rupee crisis. This, the Indian ambassador highlighted in an interview with The Bhutanese. The Ambassador said “Bhutan enjoys bipartisan support across political parties in India and India …

  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 …