The Country’s foreign reserves are in a comfortable position as of now according to the Finance Minister. Although he did not specify the amount, Lyonpo Namgay Tshering said that the country has enough foreign reserves to meet basic essential imports for at least 14 months. He added that the country should however not be complacent as revenue generation is limited. The Finance Minister said the government is currently exploring options to build the country’s reserves.
The constitution mandates the need to have a minimum foreign currency reserve to meet at least a year’s essential imports.
𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗿𝗲𝘀𝗲𝗿𝘃𝗲𝘀 𝗶𝗻 𝗰𝗼𝗺𝗳𝗼𝗿𝘁𝗮𝗯𝗹𝗲 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 𝗯𝘂𝘁 𝗰𝗼𝘂𝗻𝘁𝗿𝘆 𝘀𝗵𝗼𝘂𝗹𝗱 𝗻𝗼𝘁 𝗯𝗲 𝗰𝗼𝗺𝗽𝗹𝗮𝗰𝗲𝗻𝘁-𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗠𝗶𝗻𝗶𝘀𝘁𝗲𝗿The Country’s foreign reserves are in a comfortable position as of now according to the Finance Minister. Although he did not specify the amount, Lyonpo Namgay Tshering said that the country has enough foreign reserves to meet basic essential imports for at least 14 months. He added that the country should however not be complacent as revenue generation is limited. The Finance Minister said the government is currently exploring options to build the country’s reserves.#thimphu #bbs #news #asia #druk #media #bhutan #bhutanese
Posted by BBS on Saturday, January 21, 2023
