Bonding during a crisis
The rupee crisis has not only hit Bhutan’s economy but it has also stung our national pride and confidence. This is not just an economic crisis for the nation but also a painful and uncertain time...
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Indian ambassador assures government of GoI’s support during rupee crisis
The Indian ambassador to Bhutan, Pavan K Varma, said that the Government of India (GoI) will standby Bhutan to help tide over the rupee crisis. This, the Indian ambassador highlighted in an interview...
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Bhutan faces domestic credit crisis as banks freeze loans
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...
View ArticleRupee crunch exacerbates drug shortage
While drugs are already in short supply, the rupee crunch is making the situation worse in the capital. The Operation Manager of Karma Tshongkhang (under Karma Group of Companies), Sonam Pemo, said if...
View ArticleHome-grown vegetables next on agenda
Tanden Zangmo and Sonam Choden / Thimphu Vegetable vendors were encouraged to buy and sell local produce from within the country in order to make a difference to the farmers, consumers and...
View ArticleThree crises that created the Rupee crisis
The rupee crisis is a combination of three other crises affecting the Bhutanese economy. They are namely, the trade crisis, the financial management crisis and also the individual lifestyle crisis....
View ArticleBCCI study shows that government spending is main cause of rupee crisis
A government appointed taskforce compromising of civil servants said that the Private sector and private consumption are the main causes of the rupee crisis. This has led to a severe credit crunch...
View ArticleThree crises that created the Rupee crisis
Over the years I have observed one important character of the Bhutanese people, i.e “artificiality”. Everything is artificial. Look at the land value. Artificial inflation. the land value around the...
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