BNBL profit increases by 104% in 2011 at Nu 510mn
Bhutan National Bank Limited (BNBL) made a net profit of Nu 510.3mn last year, an increase by Nu 259mn from the year 2010. Chairperson of the board of directors, Kunzang Dechen said that apart from...
View ArticleRMA Governor slams media reports, said individuals fueled the rupee shortage...
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....
View ArticleRMA partially loosens its grip on rupee payments
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...
View ArticleNon-resident foreigners’ bank accounts in country is money laundering: RMA...
He added that closing the accounts was always a priority Earlier this week, the RoyalMonetary Authority(RMA) Governor, duringa meeting with about 150 representatives from the private sector, made it...
View ArticleOverbilling creeps into border towns
Time and again the Royal Monetary Authority (RMA) has been requesting the public to refrain from dishonoring the INR informal exchange but each time a new problem crops up. This time, the practice of...
View ArticleLooking toward mega projects as the last messiah to solve the country’s INR...
The government in the midst of Rupee crunch is banking upon the long term impacts of mega projects like the Education City, the Amo Chhu Township, among other projects to ease the INR crunches. With...
View ArticleChange in import method will not affect vegetable vendors
The announcement, of the Food Corporation of Bhutan (FCB) as the wholesale agent for all the vegetable vendors was a cause for concern among the vendors who are already worried over the Royal Monetary...
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Jo Stiglitz and UN-DESA say USD reserve management and government deposits in...
The Nobel laureate said that Bhutan’s USD reserves is too high with low yields creating more debt through rupee borrowings and that government deposits in financial institutions fuels credit growth...
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