Cen­tral bank hand over sur­plus fund

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Ly­onch­hen Tsh­er­ing Tob­gay and Ly­onpo Nam­gay Dorji, Min­istry of Fi­nance met with the board, man­age­ment and staff of the Royal Mon­e­tary Au­thor­ity (RMA) of Bhutan last Mon­day. The Cen­tral Bank, as per its Act, handed over the 201415 an­nual sur­pluses to RGoB amount­ing to Nu. 788 mil­lion. Speak­ing to the staff, Ly­onch­hen said that the suc­cess of their or­ga­ni­za­tion was an out­come of their hard work, ser­vices ren­dered and ded­i­ca­tion ac­corded to their pro­fes­sion. His Ex­cel­lency also talked about the so­cial and eco­nomic progress achieved over the last two years as a com­bined re­sult of de­crease in over­all debt, in­crease in for­eign re­serves and the Cen­tral Bank’s ef­fec­tive mon­e­tary poli­cies. The Prime Min­is­ter as­sured RGoB’s full sup­port to the Cen­tral Bank and re­it­er­ated that ‘work­ing to­gether’ would only de­liver and steer the coun­try to greater heights in the times to come. The Cen­tral Bank also an­nounced that it would be re­open­ing INR (In­dian Ru­pee) coun­ters in Thim­phu and Phuentshol­ing which would com­ple­ment the ex­ist­ing counter ser­vices of­fered by the banks in or­der to make INR avail­able for all le­git­i­mate pay­ments in In­dia. The at­tempt is in reem­pha­siz­ing the sig­nif­i­cance of the Ngul­trum and INR par­ity as a na­tional pol­icy and in ad­dress­ing the Ngul­trum and INR im­bal­ances at the retail trans­ac­tions.

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