The country has enough foreign currency reserves to meet essential imports for 13 months. The minister of Energy and Natural Resources, Loknath Sharma said this during the 49th Meet the Press session yesterday. The minister said putting a moratorium on imports of non-utility vehicles helped retain over Nu 2Bn worth of foreign reserves in the last six months. The Constitution mandates the government to maintain a foreign currency reserve to meet a year’s worth of essential imports, which is USD 603 M.
𝗘𝗻𝗼𝘂𝗴𝗵 𝗳𝗼𝗿𝗲𝗶𝗴𝗻 𝗿𝗲𝘀𝗲𝗿𝘃𝗲𝘀 𝘁𝗼 𝗺𝗲𝗲𝘁 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗶𝗺𝗽𝗼𝗿𝘁𝘀 𝗳𝗼𝗿 𝟭𝟯 𝗺𝗼𝗻𝘁𝗵𝘀The country has enough foreign currency reserves to meet essential imports for 13 months. The minister of Energy and Natural Resources, Loknath Sharma said this during the 49th Meet the Press session yesterday. The minister said putting a moratorium on imports of non-utility vehicles helped retain over Nu 2Bn worth of foreign reserves in the last six months. The Constitution mandates the government to maintain a foreign currency reserve to meet a year’s worth of essential imports, which is USD 603 M. #thimphu #bbs #news #asia #druk #media #bhutan #bhutanese
Posted by BBS on Friday, April 14, 2023
