Sunday, August 24, 2025
  • GMC
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • Announcement
  • More
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • Announcement
  • More
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo

Rs 258 M released through new rupee exchange counters

February 19, 2016
in Uncategorized
Reading Time: 2 mins read
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Rs 258 M released through new rupee exchange countersNearly a month after the Royal Monetary Authority (RMA) opened new rupee exchange counters in Thimphu and Phuentsholing, a total of Rs 258 M was released to those using the facility as of today.

On average, around 300 people are seen daily at the office of the RMA exchanging Ngultrum for Rupees. The impact on the central bank’s rupee reserve has however, remained more or less the same.

Officials from the central bank said, the RMA was substituting the facility, which is also provided by commercial banks. A total of Rs 258 M was issued from the new counters.

Of the total, Rs 32 M was exchanged by retailers in Jaigaon, and the remaining by Bhutanese pilgrims.

Rs 258 M released through new rupee exchange counters--RMA officials said, by providing the facility to the Indian retailers, it has helped in maintaining parity between the Ngultrum and Rupee across the border.

“One of the key findings is that the actual outflow remained more or less the same,” said RMA’s Financial Intelligence Unit Head, Tshering Dhendup.

He said they were substituting the facility being provided by the banks by bringing in more efficiency. By doing so, he said the RMA has been able to restore confidence of the public in Bhutan’s currency.

However, he said, the financial intelligence unit was closely monitoring the facility and those found misusing the facility would be in violation of the law.

Governor of the central bank, Dasho Penjore said the facility was a temporary measure and that although reserves have improved today, outflow would continue to increase if there are no permanent solutions.

Previous Post

Nu 15 M for Nehru-Wangchuck Scholarship

Next Post

Rising East programme violates Constitution, says Opposition

Next Post
Rising East programme violates Constitution, says Opposition

Rising East programme violates Constitution, says Opposition

Bhutanese kidnapped in Samtenling

Widening works disrupt water supply in Nobding

Widening works disrupt water supply in Nobding

Please login to join discussion

RECOMMENDED NEWS

Farmers made fat income at Foothills Festival in Sarpang

Farmers made fat income at Foothills Festival in Sarpang

7 years ago
1
BoB Bhutan Premier League: Tensung FC held to draw by Gomo FC

BoB Bhutan Premier League: Tensung FC held to draw by Gomo FC

4 years ago
1

Rent hike in the CFM in violation of Tenancy Act, according to vendors

6 years ago
4
Chain-link fencing to protect farmland in Ramjar Gewog, Trashi Yangtse

Chain-link fencing to protect farmland in Ramjar Gewog, Trashi Yangtse

2 months ago
579

BROWSE BY CATEGORIES

  • Accidents (15)
  • Agriculture (484)
  • Announcement (193)
  • Audience Survey Report (1)
  • Business (776)
  • Crime/Legal (382)
  • Culture (52)
  • Development (59)
  • Disaster (57)
  • Economy (304)
  • Education (439)
  • Entertainment (19)
  • Environment (79)
  • Feature (66)
  • Featured (9)
  • Festival (84)
  • GMC (20)
  • Headlines (8)
  • Health (655)
  • HYDROPOWER (1)
  • Legal (62)
  • Literature (10)
  • Livestock (81)
  • Media (27)
  • Other Stories (5,935)
  • Politics (422)
  • RCSC (2)
  • Recent stories (7)
  • Religion (46)
  • Sci/Tech (726)
  • Social (614)
  • Sports (482)
  • Technology (202)
  • Tourism (25)
  • Uncategorized (13,873)
  • Video (142)
  • Video Story (258)
  • Wildlife (43)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Authorities link 23 TikTok accounts to online shopping-based gambling, freeze 26 other bank accounts

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • Trongsa Viewpoint Resort up for auction once again

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • Three education consultancies notified of suspension say they seek clarity and plan to appeal against authority’s decision
  • Two cases involving 13 smuggled puppies intercepted since last year
  • New processing centre brings hope to Bangyul Cotton Farmers’ Detshen
  • Chamkuna road, stretch between Phuentshogling Thromde and Amochhu Bridge leaves commuters frustrated
  • Special Olympics Bhutan contributes sports gear worth Nu 430,000 to inclusive schools

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • HYDROPOWER
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • GMC
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • Announcement
  • More
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.