In the back drop of the rupee crunch which limits vegetables import and in sync with the agriculture ministry’s initiative to enhance local agricultural production to meet the goal of self-reliance, farmers around the country are now aiming to produce fruits and vegetables, in bigger quantities. Tawchum, 22 year old, …
Read More »Understanding the Rupee Report
The Rupee Shortage Task force report submitted on 5th March 2012 is overall a comprehensive report that gives dire warnings if measures both short term and long term are not taken to curb the crisis. The strength of the report is indisputable facts and figures that show that the Bhutanese …
Read More »Trying Times
The critical shortage and rationing of the Indian rupees is making newspaper headlines and engaging people in serious debate. The good point is that both the government and people have woken up for the first time to this looming crisis. The bad point is that there is no immediate and …
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 …
Read More »Banks stop rupee transfer to india
The Royal Monetary Authority (RMA) has imposed a temporary sanction on the commercial banks in making Rupee denominated transactions. This is in light of the Bhutanese economy grappling with Rupee crisis. The governor of the central bank, Daw Tenzin, said: “Bhutan is selling less and importing more. It is important …
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