The Bhutanese Leading the way.
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 …
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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