Exchange Rates
CURRENCY Note TT
BUY SELL BUY SELL
USD 74.00 76.30 74.92 75.44
GBP 98.60101.35 99.94 100.63
EUR 83.45 85.75 84.57 85.12
JPY(100) 65.20 67.05 66.09 66.55
CHF 79.90 82.15 80.97 81.57
HKD 9.50 9.75 9.61 9.67
CAD 58.00 59.65 58.77 59.20
AUD 52.85 54.30 53.57 53.92
SGD 54.05 55.55 54.76 55.15
DKK 11.20 11.55 11.37 11.45
SEK 8.10 8.30 8.20 8.25
NOK 8.15 8.35 8.24 8.30
PARTICULARS UNITS RATE
Gold 10 gm 46,319.39
Silver 1 kg 72,691.50
Gyalsay Commemorative Bank Notes Nu.100 Piece(s) 250.00
gold Powder 11.6 grams Piece(s) 63,653.90
Gold Sertum 5 (39.94 grams) Piece(s) 211,964.00
25th Coronation Cuppro Nickel Coin Piece(s) 500.00
Fifth King Coronation Gold Coin Piece(s) 158,095.00
CRR 7%
SLR Banks 20%
SLR Non-Banks 10%
MLR 7.14%
Savings Deposit Rates 5% - 5.60%
Term Deposit Rates 3% - 9.5%
News Updates
Announcement for Viva-Voce Interview
NOVEMBER 22, 2021

RMA is pleased to announce the date & time for candidates required to sit for the viva-test for various posts announced earlier in Kuensel dated October 23, 2021. The viva-test is scheduled from December 08-10, 2021 at the RMA head office,Thimphu. The candidates must bring original documents for verification.

NOTIFICATION
NOVEMBER 19, 2021

The Royal Monetary Authority of Bhutan would like to notify the general public that as per section 6 of the Foreign Exchange Rules and Regulations 2020 (FERR 2020), a person is permitted to bring in or take out of Bhutan a total amount of 5000 Ngultrum in the form of bank note or circulation coin.

PUBLIC NOTIFICATION
NOVEMBER 17, 2021

The Royal Monetary Authority of Bhutan through our surveillance has recently observed cases of `Mule Account and `Money Mule` in operations in the financial sector. A `Mule Account` is a bank account belonging to a legitimate person who has allowed another person to use/operate the banking transactions.

Announcement for Written Examination
NOVEMBER 16, 2021

The Royal Monetary Authority of Bhutan (RMA) is pleased to announce the Written Examination Venue and Date for various post announced earlier in Kuensel dated October 23, 2021.

NOTIFICATION
NOVEMBER 11, 2021

The Royal Monetary Authority of Bhutan (RMA) would like to inform the Bhutanese Exporters that as per Section 24 of the Foreign Exchange Rules and Regulations (FERR) 2020, all receipts for trade in goods with resident of India must be received in Indian Rupee through formal banking channels. However, RMA continues to observe that some export receipts are not being routed through formal banking channels as required.

NOTIFICATION
NOVEMBER 10, 2021

The Royal Monetary Authority of Bhutan would like to notify the Bhutanese importers that as per `Section 24 & 25 of the Foreign Exchange Rules and Regulations 2020` (FERR 2020), importers executing advance payments against the import of goods from India and Countries other than India (COTI) are required to submit the documentary evidence (Customs Declaration Form) of goods having entered the country within 180 days from the time of executing the advance payments.

VACANCY ANNOUNCEMENT
OCTOBER 22, 2021

The Royal Monetary Authority of Bhutan (RMA) is pleased to announce the vacancies for various posts as follows:

PRESS REALEASE
SEPTEMBER 23, 2021

The Royal Monetary Authority of Bhutan (RMA) in collaboration with Ripple Labs, Inc. (Ripple) of USA, the leading provider of enterprise blockchain and crypto solutions for cross-border payments is piloting a project on central bank digital currency (CBDC) in Bhutan.

NOTIFICATION
SEPTEMBER 22, 2021

The Royal Monetary Authority of Bhutan would like to notify the general public and the registered private money lenders under the purview of RMA that the RMA Board during its 180th meeting held on 27th August 20201 has approved the amended Rules and Regulations for the registered Private Money Lenders 2021. It shall come into force from 1st November 2021.

ANNOUNCEMENT
SEPTEMBER 21, 2021

The general public is hereby informed that Mrs. Ugyen Dema bearing CID No. 10807001976, contact no. 17690371 from Paro Dzongkhag and currently residing at Phuentsholing is given the registration certificate to carry out the private money lending business as per the Rules and Regulations for the Registered Private Money Lenders 2021.

Press Release on Revised Directive on Housing Loans
SEPTEMBER 08, 2021

The Covid-19 pandemic continues to pose serious risks to the health and livelihood of our people. The containment measures and lockdowns have adversely affected everyday life and business creating economic hardship. While `Service and Tourism` is the hardest hit Sector, the impact of the pandemic is felt across all Sectors. In response to the pandemic, a series of monetary measures were introduced to help the businesses remain resilient during such hardship times.

Data Privacy & Data Protection 2021
SEPTEMBER 03, 2021

Soliciting feedback/comments from the FSPs with effect from today (03/09/2021) till the end of the month (30/ 09/2021). Any feedback, kindly email them to swangchuk@rma.org.bt or dchoden@rma.org.bt.

RMA Deputy Governor reappointed for a Second Term
SEPTEMBER 01, 2021

Mrs. Yangchen Tshogyel, one of the two Deputy Governors under Royal Monetary Authority of Bhutan (RMA) has been reappointed for a second tenure by the RMA Board with effect from September 1, 2021.

Druk Nguldrel Lamtoen - 2030
AUGUST 25, 2021

His Excellency, Lyonpo Namgay Tshering, Minister of Finance launched the Druk Nguldrel Lamtoen - 2030 on 25 th August 2021 in a simple ceremony attended by the CEOs of the financial service providers and senior officers of the Royal Monetary Authority (RMA). The document is the RMA`s 10-Year (2021-2030) roadmap. The preparation of the roadmap was inspired by His Majesty The Druk Gyalpo`s command to the Government to develop an Economic Roadmap for the 21 st Century during the 112 th National Day

PRESS REALEASE
Soft Launch of National E-Commerce Portal
AUGUST 17, 2021

The National E-Commerce Portal is an initiative of the Royal Monetary Authority of Bhutan in collaboration with the Ministry of Economic Affairs and the Bank of Bhutan to enhance access to international market for our local `Made in Bhutan` products.

KUEN-Phen Financing
AUGUST 16, 2021

RMA has launched KUEN-Phen Financing to enable innovative access to inclusive finance for greater socio-economic impact.

PRESS RELEASE ON THE LAUNCH OF CROSS-BORDER QR CODE PAYMENT
JULY 13, 2021

The Royal Monetary Authotrity of Bhutan and the National Payment Corporation of India rolled out the third phase of the project on the cross-border interoperable QR code payment linkage between Bhutan and India. The project is in continuation to the announcement made during the launch of RuPay in 2019 by the Hon`ble Prime Minister of India, His Excellency Shri Narendra Modi, and he Hon`ble Prime Minister of Bhutan, His Excellency Dr. Lotay Tshering.

Promotion Order
JUNE 25, 2021

Coinciding with a good zakar, 25th June 2021, the RMA Management awarded the Promotion Order and Tashi Delek Khadar to its employees receiving Promotion, effective from 1st July 2021.

Public Notification
JUNE 24, 2021

The Royal Monetary Authority of Bhutan (RMA) has been observing that Bhutanese coins and banknotes meant for intended purpose are being altered, mutilated or modified into jewelries, accessories and other souvenirs and sold either in Bhutan or across the borders.

NOTIFICATION
JUNE 10, 2021

The Royal Monetary Authority of Bhutan would like to inform Local Manufacturing Industries on the amendment of Clause No. 21 (Import of permissible raw materials and capital goods) of the Foreign Exchange Operational Guidelines 2020.

PRESS RELEASE ON THE LOAN INTEREST PAYMENT SUPPORT KIDU
MAY 24, 2021

The threat of COVID-19 on the health and wellbeing of our people is looming larger than ever before. Therefore, the need for enhanced vigilance and care across the country has become very important.

LAUNCH OF INCENTIVE SCHEME FOR REMITTANCE
MAY 12, 2021

In a bid to encourage remittance inflows, the Royal Monetary Authority is pleased to announce the launch of a cash incentive scheme for Bhutanese who live, work, or study overseas.

PUBLIC NOTIFICATION
APRIL 21, 2021

It has come to the notice of Royal Monetary Authority that the scammers are using social engineering techniques to lure unsuspecting Bhutanese. For more information, please refer the notification below.

ANNOUNCEMENT ON PMLRR 2020
MARCH 24, 2021

The RMA would like to inform all the concerned that we are in the process of amending and inserting new provisions in existing the Private Money Lending Rules and Regulations of Bhutan 2020 to further strengthen the existing provisions and bring more clarity on the obligations of lenders, borrowers and middle persons.

PUBLIC NOTIFICATION
MARCH 05, 2021

It has come to the Royal Monetary Authority`s (RMA) notice that the general public transferring funds for social cause take a screenshot and upload it in the social media page (especially Facebook) without erasing/obliterating the bank account numbers.

APPOINTMENT OF DIRECTORS
MARCH 02, 2021

Mrs. Ugyen Choden, Chief Analyst under the Department of Financial Regulation and Supervision has been appointed as Director of the Financial Intelligence Department and Mrs. Dechen Yangzom, Chief Accounts Officer under the Department of Banking as the Director, Department of the Internal Audit with effect from March 1, 2021 by the RMA Management. Wish them good luck in their service to Tsa-Wa-Sum.

PUBLIC NOTIFICATION
FEBRUARY 19, 2021

This is to notify all bank customers that if any transaction initiated through mobile and internet banking failed but the amount has been debited from your account, the concerned bank will ensure to credit the amount within a day from the date of transaction.

AUCTION RESULT
FEBRUARY 17, 2021

RMA is pleased to announce the auction result of the 10-year Government bond of Nu.700 million held on 17th February 2021.

PRESS RELEASE
FEBRUARY 11, 2021

The COVID-19 pandemic caused widespread disruptions resulting in economic hardships for both individuals and businesses. Disruptions of business operations, and partial or complete loss of employment and income pose difficulties in debt repayment and place added pressures on the financial health of individuals, businesses, and the economy as a whole.

PRESS REALEASE
FEBRUARY 08, 2021

In line with the RMA Circular referenced RMA/RSD/293 dated 21st July 2016, updated on August 8, 2016, the Royal Monetary Authority of Bhutan has revised the Single MLR from 6.86 percent (as of June 2020) to 6.85 percent in December 2020.

Public Notification
JANUARY 09, 2021

In continuation to the earlier notification issued on December 30, 2020, regarding the use of contactless digital payments, as a safe alternative to cash, the Royal Monetary Authority would like to inform the general public requesting for Indian Rupee (INR) in cash to transfer the countervalue in Ngultrum into RMA`s account, to meet en-route expenses related to the following purposes:

ANALYSIS OF DIGITAL PAYMENTS AND INFLOWS IN TIMES OF COVID-19(20/12/20-01/01/21)
JANUARY 07, 2021

Covid-19 pandemic has made the Bhutanese more digitally savvy with an increasing number of users registering for contactless payments as a safe alternative to cash and widening the adoption of digital payments.

PUBLIC NOTIFICATION
DECEMBER 31, 2020

This is in line with the notification issued through BBS & Kuensel on 18/12/2020 for the invitation of consultants having valid Trade License and Tax Clearance Certificate for "Designing and Implementation of YE-Banking System".

Public Notification
DECEMBER 30, 2020

In light of the growing concerns over the transmission of COVID-19, the Royal Monetary Authority would urge the general public to use contactless digital payments, as a safe alternative to cash, for purchase of essential goods and services.

SUMMARY OF KEY HIGHLIGHTS DAY 01-03(20-22 December, 2020)
DECEMBER 25, 2020

Ensuring uninterrupted flow of essential financial services during the COVID-19 lockdown and its impact on Digital Payments.

NOTIFICATION
DECEMBER 18, 2020

The Royal Monetary Authority of Bhutan (RMA) would like to notify the general public that the RMA have noticed few people sharing video clips on the suspect banknotes, circulating counterfeit Ngultrum banknotes and reproducing banknotes of small denomination and coins as souvenir items for sale.

PRESS RELEASE
NOVEMBER 20, 2020

In continuation to the RuPay Phase I, His Excellency Shri Narendra Modi, the Hon`ble Prime Minister of India and His Excellency Dr. Lotay Tshering, the Hon`ble Prime Minister of Bhutan, jointly e-launched the RuPay card issuance by the Bhutan National Bank Limited (BNBL) on 20th November 2020.

PUBLIC NOTIFICATION
NOVEMBER 19, 2020

The Royal Monetary Authority of Bhutan is pleased to announce that the deadline for the submission of Expression of Interest (EoI) from interested Bhutanese individuals and/or registered IT firms to transform the country`s financial technology (FinTech) landscape has been extended to November 30, 2020.

PRESS REALEASE
NOVEMBER 10, 2020

In line with the RMA Circular referenced RMA/RSD/293 dated 21July 2016, updated on August 8, 2016, the Royal Monetary Authority of Bhutan has revised the Single MLR from 7.02 percent (as of December 2019) to 6.86 percent in June 2020.

PRESS RELEASE
NOVEMBER 02, 2020

As experienced by the global economy, the COVID-19 pandemic has created unprecedented disruption in the Bhutanese economy, experiencing negative growth and causing huge concerns on unemployment, job displacements and loss of income.

Transfer of Surplus to RGoB for Financial Year 2019-2020
OCTOBER 29, 2020

The RMA transferred Nu. 2,001 million as surplus to the Royal Government of Bhutan on 29th October, 2020. The RMA closed the books of accounts for the Financial Year 2019-2020 with a surplus of Nu. 1,769,391,841.67.

TENDER NOTICE
OCTOBER 29, 2020

The Royal Monetary Authority of Bhutan invites sealed bids from eligible and qualified bidders having a valid trade license and tax clearance certificate for conducting the "Access to finance: Demand Side Survey 2020".

CALL FOR INNOVATIVE FINTECH IDEAS
OCTOBER 29, 2020

The Royal Monetary Authority of Bhutan is pleased to invite Expression of Interest (EoI) from interested Bhutanese individuals and/or registered IT firms to transform the country`s financial technology (FinTech) landscape.

PUBLIC NOTIFICATION
OCTOBER 24, 2020

This is with reference to the Press Release issued by the Prime Minister`s Office on Comprehensive National Response to the challengers of the COVID-19 pandemic phase and subsequent SOPs issued

Caution to the Public on Pi cryptocurrency
OCTOBER 13, 2020

The Royal Monetary Authority of Bhutan informs the general public that the so-called Pi social currency is on the rise and has attracted strong attention among the Bhutanese. Pi can be earned by tapping on the mine button in the app, which is available for download on mobile phones through the referral links and invite codes. Mining using Pi Network does not require high end computing devices and consumes less power to solve an algorithm unlike other popular cryptocurrencies.

NOTIFICATION
OCTOBER 09, 2020

The Royal Monetary Authority of Bhutan (RMA) would like to inform the general public that the Regulatory Sandbox Framework for Mining Cryptocurrency is available here.

ALLOTMENT RESULT FOR RGoB BOND
SEPTEMBER 25, 2020

The RMA is pleased to announce the allotment result of the 3-year RGoB Bond (series RGoB001) of Nu.3,000 million at the annual coupon rate of 6.5%, which was offered for public subscription from 7th - 22nd September 2020.

Call for Subscription of Government Bond
SEPTEMBER 04, 2020

With the onset of COVID-19 pandemic, the Royal Government of Bhutan re-emphasize the need of promoting capital market development through issuance of long-term Government Bonds with the maturity ranging from 3 years to 7 years during the FY 2020-21. The main objective of issuing the long term Bonds includes; creating new opportunities for investment for financial institutions and other eligible domestic investors,

PUBLIC NOTIFICATION DURING COVID-19 LOCKDOWN
AUGUST 11, 2020

In response to the Covid-19 lockdown, the Royal Monetary Authority would like to inform the general public that only essential financial services shall be obtainable from all financial service providers until the end of lockdown.

PUBLIC NOTIFICATION
JULY 29, 2020

This is to inform the general public that the Royal Monetory Authority is in the process of amending certain provisions of the Financial Services Act of Bhutan 2011.

NOTIFICATION
JULY 23, 2020

This is to notify the general public that the Royal Monetary Authority of Bhutan (RMA) will be moving its exchange counter from BNBL corporate building to Bank of Bhutan Ltd. (BoBL) new corporate office on 30th - 31st July 2020. Therefore, the exchange counters at BNBL shall remain CLOSED on 30th - 31st July 2020 and shall RESUME its operations from 3rd August 2020 from BoBL new corporate office.

PRESS RELEASE
JULY 17, 2020

Launch of Bhutan Quick Response Code to drive QR Code Payment.

Public Notification
JULY 13, 2020

In line with the Press Release issued by the Prime Minister`s Office on Comprehensive National Response to the Challenges of the COVID-19 Pandemic Phase II on 26th June 2020, the Royal Monetary Authority of Bhutan hereby issues the Standard Operating Procedures (SOPs) for smooth implementation of Phase II Monetary Measures.

Public Notification
JULY 01, 2020

This has reference to the Press Release from the Prime Minister`s Office on the Comprehensive National Response to the Challenges of the COVID-19 Pandemic Phase II dated June 26, 2020.

RMA Deputy Governor reappointed for a second term
JUNE 26, 2020

Hon`ble Governor Dasho Penjore congratulated Deputy Governor Mr. Phajo Dorjee on his reappointment to a second term with effect from July 1, 2020 by the RMA Board.

PUBLIC NOTIFICATION
MAY 29, 2020

This is to notify the general public that the Royal Monetary Authority of Bhutan (RMA) has shifted the Department of Internal Audit, Central Registry (CRST), Legal Service Division and Financial Inclusion Secretariat (FIS) to the NPPF building located adjacent to Financial Institutions Training Institute (FITI) alongside Genyen Lam in swimming pool area.

PUBLIC NOTIFICATION
MAY 22, 2020

The Royal Monetary Authority (RMA) would like to inform the general public that a copy of the draft revised Corporate Governance Rules and Regulations is available for public comments.

Public Notification
MAY 21, 2020

The Royal Monetary Authority of Bhutan would like to bring to the kind notice of the Authorized Money Changers (AMCs) that we have incorporated additional feature in the AMC system for renewal of AMC license.

ANNOUNCEMENT
MAY 21, 2020

With a view to promote and deepen the use of digital payments and to bring the advantage of digital economy, the Royal Monetary Authority, in collaboration with the banks, is pleased to inform the general public, start-ups and businesses on the availability of international payment gateway (IPG) facility to receive online payments from the international card holders.

PUBLIC NOTIFICATION
MAY 01, 2020

Extension of Monetary Measures in response to COVID-19: Interest Waiver on Non-Performing Loan (NPL) Accounts.

Notification on CRR
APRIL 27, 2020

To facilitate the implementation of Monetary measures issued by RMA, the RMA with the approval of the board has decided to further reduce the Cash Reserve Ratio (CRR) by 200 basis point thereby releasing Nu. 2.8 billion liquidity in the Banking sector.

NOTIFICATION
APRIL 16, 2020

Royal Monetary Authority is pleased to publish the "Monetary Measures in response to COVID-19".

PUBLIC NOTIFICATION
APRIL 02, 2020

The Royal Monetary Authority of Bhutan is pleased to publish the 2nd edition of e-FINLIT newsletter 2020.

PRESS REALEASE
MARCH 10, 2020

The Financial Intelligence Department, RMA signs Memorandum of Understanding with Road Safety and Transport Authority, MoIC and Department of Civil Registration and Census, MoHCA

NOTIFICATION
FEBRUARY 21, 2020

The Royal Monetary Authority of Bhutan is pleased to announce the launch of the new generation Nu.5 and Nu.10 denomination circulating coins coinciding with the joyous occasion of the 40th Birth Anniversary of His Majesty the Druk Gyalpo.

PRESS RELEASE
JANUARY 31, 2020

The Financial Intelligence Department (FID), Royal Monetary Authority of Bhutan has developed the Guideline on Politically Exposed Persons (PEPs) 2019 to be implemented by the reporting entities with effect from 30 January 2020. The Guideline shall provide guidance to the reporting entities on application and implementation of AML and CFT requirements associated with PEPs.

NOTIFICATION
DECEMBER 16, 2019

The Royal Monetary Authority of Bhutan (RMA) launches new Commemorative Coins themed Four Harmonious Friends (Thuenpa Puen Zhi) to mark the 112th National Day. The commemorative coins were designed featuring the tale of the Four Harmonious Friends to preserve our Buddhist culture of offering societal wisdom on respect for seniority.

PUBLIC NOTIFICATION
SEPTEMBER 27, 2019

The Royal Monetary Authority of Bhutan would like to bring to the kind notice of the general public for information and compliance that some of the Bhutanese individuals have been operating as Authorized Money Changer (AMC) without prior approval from the RMA.

PUBLIC ANNOUNCEMENT
SEPTEMBER 19, 2019

We would like to notify the general public that the Financial Institutions (FIs) have been informed to institute Consumer Protection Cells in their respective organizations to answer/settle any query related to the services extended by FIs. However, if a consumer is not satisfied with the decisions of the FIs` Consumer Protection Cells, the matter can be escalated to RMA`s Consumer Protection Cell.

PUBLIC ANNOUNCEMENT
SEPTEMBER 18, 2019

This is to inform the general public that amendment of Private Money Lending Rules and Regulations 2016 is hosted in RMA website for public comments. Send your comment at dtenzin@rma.org.bt from 23 September to 23 October 2019.

PUBLIC NOTIFICATION
SEPTEMBER 10, 2019

The Royal Monetary Authority of Bhutan (RMA) would like to inform the general public that the copy of the PSL report for first and second quarter of 2019 is available under Priority Sector Lending.

Public Notification
AUGUST 29, 2019

The Royal Monetary Authority of Bhutan would like to bring to the kind notice of the general public for information and compliance that some of the Bhutanese individuals have been opening and maintaining accounts abroad without prior approval from the RMA.

PRESS RELEASE
AUGUST 27, 2019

The Financial Intelligence Department (FID) of RMA has, on the sidelines of the APG annual meeting 2019 held in Canberra, Australia between 18 - 23 August 2019, signed Memorandum of Understanding (MoU) with Anti-Money Laundering Council (FIU- Philippines) and FIU-Malaysia. Signing of MoU between FIUs is to facilitate cooperation in the exchange of financial intelligence relating to money laundering, associated predicate offences and terrorist financing.

NOTIFICATION
AUGUST 26, 2019

The Royal Monetary Authority of Bhutan (RMA) would like to notify the general public that the RMA Exchange Counter located at Bhutan National Bank Corporate Office Building, Thimphu shall remain closed during the first half of Tuesday, August 27, 2019 due to official inauguration of the BNB Corporate Office Building.

PRESS RELEASE
AUGUST 17, 2019

His Excellency Shri Narendra Modi, Prime Minister of India and His Excellency Dr. Lotay Tshering, Prime Minister of Bhutan, jointly launched the RuPay card scheme in Thimphu on 17 August 2019. RuPay is a landmark initiative of His Excellency Shri Narendra Modi to promote India`s own domestic card network to advance financial inclusion through digital technology and domestic solutions.

PUBLIC ANNOUNCEMENT
JUNE 24, 2019

The Royal Monetary Authority of Bhutan (RMA) would like to inform the general public that the directive for Priority Sector Lending to all the relevant stakeholders is hosted here..

Announcement
JUNE 20, 2019

The general public is hereby informed that Ms.Kunzang Choden (contact no. 17110271) bearing CID no. 11512002182 from Khabti Village,samkhar Gewog under Trashigang Dzongkhag is given the registration certificate to carry out the private money lending business as per the provisions of Private Money Lending Rules and Regulations 2016 issued by the RMA.

PRESS RELEASE
JUNE 13, 2019

Press Release on The Financial Intelligence Department of Royal Monetary Authority of Bhutan signs Memorandum of Understanding with Tourism Council of Bhutan and Department of Immigration, MoHCA.

TENDER NOTICE
JUNE 10, 2019

The Royal Monetary Authority of Bhutan (RMA) hereby invites sealed bids from interested contractors/licensed scrap dealers for execution of following work.

Issuance of Risk Management Guidelines 2019
JUNE 03, 2019

This is to inform that the Royal Monetary Authority of Bhutan has issued Risk Management Guidelines 2019 (RMG 2019). These Guidelines shall come into force with effect from 3rd of June, 2019.

NOTIFICATION
MAY 13, 2019

This is to notify the general public that the Royal Monetary Authority of Bhutan (RMA) has commemorative items (gold coins, silver coins and note albums) for sale in Bhutan. The following Agents and the RMA Offices are authorized to sell specific commemorative items in Bhutan.

PUBLIC ANNOUNCEMENT
APRIL 08, 2019

The Royal Monetary Authority of Bhutan (RMA) would like to inform the general public that the copy of the PSL report for fourth quarter of 2018 is available under Priority Sector Lending.

PUBLIC NOTIFICATION
MARCH 13, 2019

Persuant to notification issued by Reserve Bank of India (RBI) dated 26th February 2019, the Royal Monetary Authority of Bhutan would like to inform the general public of Bhutan that with effect from March 8, 2019, individual concern may bring in or take out of Bhutan, Reserve Bank of India notes of Mahatma Gandhi (new) Series of denomination Rs.200/- and/or Rs.500/- up to a total limit of Rs.25,000/- per person until further notice.

NOTIFICATION
FEBRUARY 20, 2019

This is to notify the general public that the Royal Monetary Authority of Bhutan (RMA) will be moving its exchange counter from RMA head office to Bhutan National Bank Ltd., (BNBL) new corporate office from 25th of February, 2019.

PRESS RELEASE
FEBRUARY 11, 2019

In line with the RMA Circular referenced RMA/RSD/293 dated 21July 2016, updated on August 8, 2016, the Royal Monetary Authority of Bhutan has revised the Single MLR from 6.30 percent (as of June 2018) to 7.04 percent in December 2018. This revised MLR shall remain effective for the next six months commencing March 2019 until August 2019.

PUBLIC NOTIFICATION
FEBRUARY 08, 2019

RMA would like to inform the general public that the national exchange rate policy on Ngultrum to INR exchange rate is 1:1 peg and all transactions in Bhutan should ensure the peg and not impose additional premium on payment made in BTN through on-line shopping.

NOTICE
FEBRUARY 01, 2019

The Royal Monetary Authority of Bhutan (RMA) would like to inform the general public that the copy of the Payment System Report 2018 is available under the publications.

PRESS RELEASE on Annual Report
JANUARY 11, 2019

The Royal Monetary Authority of Bhutan is pleased to publish its Annual Report 2018. The Report reviews the macroeconomic developments and policy initiatives for the fiscal year 2017/18. An overview on the prospects of the medium term macroeconomic development are also presented in this Report based on the quarterly Medium-term Fiscal Coordination Technical Committee`s update.

NOTICE
DECEMBER 26, 2018

The Royal Monetary Authority of Bhutan (RMA) would like to inform the general public that the copy of the PSL report for third quarter of 2018 is available under Priority Sector Lending.

PRESS RELEASE ON JABCHOR LAUNCH
DECEMBER 14, 2018

To humbly join the nation in commemorating 12 Years of His Majesty`s benevolent reign, the Royal Monetary Authority of Bhutan is pleased to launch Jab-Chor.

ANNOUNCEMENT
DECEMBER 07, 2018

The Royal Monetary Authority is pleased to facilitate and announce to the general public on the opportunities of JAB-CHOR inspired by the concept of angel investors, towards promoting formal platform for alternate sources of equity financing for young entrepreneurs.

PUBLIC ANNOUNCEMENT
NOVEMBER 28, 2018

As a follow-up to the repeated notifications issued by Financial Institutions, the Royal Monetary Authority of Bhutan hereby would like to earnestly request all Bank Account Holders to kindly update your personal/business profile information with your respective banks before 30 June 2019.

ANNOUNCEMENT
NOVEMBER 09, 2018

The general public is hereby informed that Mr. Chhimi Dorji bearing CID No. 10811000499, contact No. 17556306 from Paro Dzongkhag

PRESS RELEASE ON SURPLUS TRANSFER
OCTOBER 03, 2018

Press release on Transfer of RMA`s Annual Surplus for FY 2017/18 to the Royal Government of Bhutan is available.

NOTIFICATION
SEPTEMBER 27, 2018

It has come to RMA`s notice that the Vehicle Dealers in Bhutan are extending credit with interest to the customers who are not able to deposit the equity portion after the RMA has issued restriction on Loan to Value ratio (LTV) on the Financial Institutions.

PUBLIC ANNOUNCEMENT
SEPTEMBER 14, 2018

The Royal Monetary Authority of Bhutan (RMA) would like to inform the general public that the copy of the PSL report for second quarter of 2018 is available.

RMA launches INR exchange and other services at RMA Mongar Regional Office
SEPTEMBER 02, 2018

RMA is pleased to inform the general public on the introduction of services at the RMA Mongar Regional Office w.e.f. 1st September 2018. The regional office shall provide facilities such as exchange of fresh Ngultrum notes, exchange of Ngultrum to INR, exchange of mutilated/soiled/burnt notes and opportunity to purchase special commemorative notes and coins.

RMA launched the National Financial Inclusion Strategy (NFIS) 2018-2023
AUGUST 30, 2018

The Royal Monetary Authority launched the National Financial Inclusion Strategy (NFIS) 2018-2023 and the National Financial Literacy Strategy(NFIS) 2018-2023 today at the Financial Institutions Training Institute (FITI).

Public Notification
AUGUST 28, 2018

It has come to RMA`s notice that Bhutanese Citizens are being lured to participate in Pyramid/Ponzi Schemes (Crypto-Builder/ Nobel8 Revolution) via social media with promises of large financial returns. The essential features of such schemes is that the investment made by member is used for generating returns for older investors with a large part of the investment remitted to the parent company.

Public Notification-RENEW Microfinance Private Limited
AUGUST 22, 2018

This is to inform the general public that RENEW Microfinance Private limited is officially licensed by Royal Monetary Authority of Bhutan as Deposit-Taking Microfinance Institution with effect from 21st August, 2018. RENEW Microfinance Private Limited is the first Deposit Taking MFI licensed by the RMA. The Institution is established with the following objectives:

VACANCY ANNOUNCEMENT
AUGUST 17, 2018

The Royal Monetary Authority of Bhutan (RMA) is pleased to announce the following vacancies:

Bhutan Care Credit Microfinance Project Launched
AUGUST 14, 2018

Bhutan Care Credit Limited (BCC) is officially registered as a Microloan Institution with the Royal Monetary Authority of Bhutan with effect from 1 st July, 2018. BCC is the fourth Microfinance Institution registered with the RMA. The Institution is established, in accordance with the Vision and Royal Command of His Majesty The King, to provide financial services to sections of populations not covered by existing financial service providers. The institution was officially launched on 9th August

MoU between FIU-India and Department of Financial Intelligence of Bhutan
AUGUST 02, 2018

The Department of Financial Intelligence (DFI), RMA has signed a Memorandum of Understanding (MoU) with Financial Intelligence Unit (FIU) -India concerning cooperation in the exchange of financial intelligence relating to money laundering, associated predicate offences and terrorist financing on 26th July 2018, as the sideline agenda during the 21st Annual Meeting of Asia Pacific Group (APG) in Katmandu, Nepal.

Bhutan receives the CYFI Global Inclusion Award.
JULY 27, 2018

The Authority is deeply honoured to receive the Country Award Plaque for the Child Youth Finance International (CYFI) Regional Winner-Asia & the Pacific and also the Certificate for the Global Finalist-Asia & the Pacific for Global Money Week 2018 held during the 7th Global Inclusion Awards 2018, organized by Child & Youth Finance International, the Argentina's G20 Presidency and Global Partnership for Financial Inclusion (GPFI) with the support of the G20-2020 Saudi Secretariat.

Public Notification
JULY 24, 2018

This is to inform the general public that the RMA Board has approved the Rules and Regulations for Cottage and Small Industries (CSI) Banks in Bhutan during its 139 th Board meeting held on 18 th July, 2018. The main objective of the said rules and regulations is to develop, promote, assist and support the establishment of, expansion or improvement of cottage and small industries in the country by granting credit facilities.

Bhutan receives Country Award for the Asia and Pacific region during the Global
JULY 08, 2018

The RMA is deeply honoured to be globally recognized during the Global Inclusion Awards 2018. The 7th annual Global Inclusion Awards Ceremony was organized by Child & Youth Finance International, the Argentina's G20 Presidency and GPFI with the support of the G20-2020 Saudi Secretariat. It was held as part of the GPFI Forum: "Technological Trends in Digital Financial Inclusion" agenda on 3-4 July at the Ritz-Carlton in Riyadh, Saudi Arabia.

INR Exchange Counter opened at Phuentsholing Immigration Office
JULY 06, 2018

The Royal Monetary Authority of Bhutan(RMA) is pleased to inform the general public about the opening of INR Exchange Counter at the Department of Immigration Office in Phuentsholing with effect from July 06, 2018.

Annoucement
JULY 06, 2018

This is to inform the general public that Central Registry for Secured Transaction (CRST) which was under the Credit Information Bureau of Bhutan Limited, Ground Floor, NPPF Office Complex Building, Chubhachu, Thimphu has been shifted

Notification
JULY 02, 2018

This is to inform the general public that Bhutan Care Credit Limited is officially registered as a Microloan Institution with the Royal Monetary Authority of Bhutan with effect from 1st July, 2018.

Rules and Regulations for Insurance and Reinsurance Companies
JUNE 29, 2018

This is to inform that the Royal Monetary Authority of Bhutan has issued the Rules and Regulations for Insurance and Reinsurance Companies.

Issuance of Corporate Governance Rules and Regulations 2018
JUNE 28, 2018

This is to inform that the Royal Monetary Authority of Bhutan has issued the Corporate Governance Rules and Regulations 2018 (CGRR 2018).

PUBLIC NOTIFICATION
JUNE 12, 2018

Pursuant to circular issued by Reserve Bank of India (RBI) referenced RBI/2015-16/310A.P. (DIR Series) Circular No. 45/2015-16 [(1)/6(R)] dated 4th February 2016

Public Notification
JUNE 12, 2018

This is to inform the general public that a copy of Vehicle Loan Directive 2018 is now available at our website.

Public Notification
MAY 28, 2018

This is to inform the general public that a copy of draft Anti- Money Laundering and Countering of Financing of Terrorism Rules and Regulations 2018 is available for public comments.

Launch of Druk MicroFin an integrated MFI and CSI banking platform
MAY 16, 2018

The Royal Monetary Authority (RMA) is pleased to announce the launch of Druk MicroFin, in collaboration with the Microfinance Institutions (MFIs).

PUBLIC ANNOUNCEMENT
MAY 10, 2018

The Royal Monetary Authority of Bhutan (RMA) would like to inform the general public that the copy of the PSL report for first quarter of 2018 is available

ANNOUNCEMENT
MARCH 26, 2018

The Royal Monetary Authority of Bhutan is pleased to inform the general public that the first registered person eligible to carry out the private money lending business as per the provisions of Private Money Lending Rules and Regulations,2016

Notification
MARCH 12, 2018

The Royal Monetary Authority of Bhutan (RMA) would like to inform the general public that the National Assembly in its 10th session, has enacted the Anti Money Laundering/Countering of Financing of Terrorism Act 2018 making the legal framework in criminalizing the offences and empowering the authorities concerned, to enable them to exercise power and functions efficiently for Anti-Money Laundering and Countering the Financing of Terrorism.

Press Release on MLR Revision for December 2017
MARCH 01, 2018

The Press Release on MLR Revision for December 2017 is available at the following link.

Press Release
FEBRUARY 20, 2018

The Financial Intelligence Unit- Royal Monetary Authority has entered into a Memorandum of Understanding (MoU) on 20th February 2018 with Royal Bhutan Police and Civil Society Organizations Authority for cooperation in the exchange of information relating to financial intelligence on money laundering associated predicate offences and terrorist financing.

His Majesty The King awards Druk Thuksey medal to the Governor
DECEMBER 18, 2017

The Royal Monetary Authority of Bhutan is humbled and inspired by the recognition bestowed on our Governor, Dasho Penjore by His Majesty the Druk Gyalpo.

Launch of Priority Sector Lending (PSL) Guidelines
DECEMBER 13, 2017

The Royal Monetary Authority of Bhutan launched the Priority Sector Lending (PSL) Guidelines today at the Simtokha Dzong with a day long prayer ceremony led by the Venerable Tshugla Lopen.

Financial Literacy Program in the Sarpang Dzongkhag
NOVEMBER 05, 2017

Sarpang Dzongkhag welcomed Honorable Governor and team, accompanied by all Financial Institutions and service providers for the continued nationwide Financial Literacy Roadshow.

Closing ceremony of Capacity Building Training of Priority Sector Lending
NOVEMBER 04, 2017

The 19 days long `Capacity Building Training of Trainers Program on Priority Sector Lending` in the Financial Institutions Training Institute, Thimphu ended on 4th November, 2017...

Memorandum of Understanding between FIU Myanmar and FIU Bhutan.
OCTOBER 31, 2017

The Financial Intelligence Unit of Bhutan has entered into a Memorandum of Understanding (MoU) with Myanmar Financial Intelligence Unit concerning cooperation in the exchange of financial intelligence....

Press Release
OCTOBER 31, 2017

The Royal Monetary Authority (RMA) of Bhutan is pleased to announce the launch of the hotline service w.e.f. 26th October 2017.

Launch of Foreign Currency Account Facility in Middle East
OCTOBER 23, 2017

The Royal Monetary Authority of Bhutan in collaboration with the Ministry of Finance and the Banks (BoB, BNBL, DPNBL and T Bank) launched the RemitBhutan in the Middle East.

Notification
OCTOBER 05, 2017

The Board of the Royal Monetary Authority of Bhutan approved the e-Money Issuer Rules and Regulations during its 130th Board Meeting held on September 29, 2017

Press Release
AUGUST 09, 2017

In line with the RMA Circular referenced RMA/RSD/293 dated 21July 2016 and updated on 8 August 2016 on Minimum Lending Rate (MLR)

Public Notification
AUGUST 03, 2017

The RMA would like to once more inform the general public that, the Indian Rupee denomination of INR 500 and INR 2000 is not permitted in exchange in Bhutan.

Press Release
JULY 31, 2017

The Financial Intelligence Unit of Bhutan has entered into a Memorandum of Understanding (MoU) with Sri Lanka Financial Intelligence Unit and the Cambodia Financial Intelligence Unit concerning cooperation in the exchange of financial intelligence relating to money laundering, associated predicate offences and terrorist financing on 16 and 19th July 2017 respectively in Colombo, Sri Lanka.

Signing of MoU on Money Laundering and Terrorist Financing
JULY 11, 2017

The Financial Intelligence Unit- RMA has entered into a Memorandum of Understanding (MoU) with Bhutan Narcotic Control Authority (BNCA) concerning cooperation in the exchange of financial intelligence relating to money laundering, associated predicate offences and terrorist financing on 7th July, 2017.

Launch of Wi-Fi POS at Fuel Stations
JUNE 15, 2017

The Royal Monetary Authority is pleased to inform the general public that the Authority, in collaboration with the commercial banks and the Department of Trade, Ministry of Economic Affairs (MoEA), has launched the Internet-based Point of Sales (PoS) service at fuel stations, with the service being first introduced in fuel stations in Thimphu. The service will be gradually rolled out in other fuel stations across the country.

BEFIT Press Release
MAY 23, 2017

The Bhutan Economic Forum for Innovative Transformation (BEFIT) was inspired by His Majesty`s vision that our recent example in ensuring a successful democratic transition must be accompanied by successful economic transformation based on the foundations of a just, equal and harmonious society.

RemitBhutan - Celebrating the achievement of USD 1 million target
MAY 16, 2017

Today, 16 May 2017, 8 months after introducing RemitBhutan for the non-resident Bhutanese abroad to remit their savings into the country, the Government, RMA and Banks are celebrating the success of reaching the USD 1 million mark.

NOTIFICATION
MAY 04, 2017

The Royal Monetary Authority of Bhutan is pleased to announce that the lien on the withdrawal of Ngultrum counter-value against the public deposits of the demonetized Indian Rupee notes will be lifted from 8th May 2017.

Public Notification
APRIL 27, 2017

The Royal Monetary Authority of Bhutan is working closely with the Royal Government of Bhutan and the financial sector to promote digital financial services and reduce cash transactions, with investments in infrastructure to facilitate ICT enabled payment platforms and interbank fund transfer.

NOTIFICATION
APRIL 20, 2017

The Royal Monetary Authority of Bhutan in continuation to press release made in the media in December 2016 would like to remind the general public

Signing of MoU on cross border supervision and exchange of information
APRIL 13, 2017

The Memorandum of Understanding (MoU) on cross border supervision and exchange of information has been signed between the Royal Monetary Authority of Bhutan and the Reserve Bank of India in pursuant to Section 111 of the Financial Services Act, 2011.

Overseas Education and Skill Development Scheme
APRIL 07, 2017

The Royal Monetary Authority, in collaboration with the Ministry of Finance and the Ministry of Labour and Human Resources, officially launched the Overseas Education and Skill Development Scheme, on 7th April, 2017.

Notification from ECB
MARCH 14, 2017

Information about the Third Parliamentary Elections 2018.

Public Notification
MARCH 13, 2017

This is to inform all Authorized Money Changers (AMC) that the Royal Monetary Authority of Bhutan is currently in the process of re-issuing the AMC`s license. The new license issued would be with a validity period subject to renewal annually.

Launch of Foreign Currency Account Facility for Non-resident Bhutanese in Perth
FEBRUARY 15, 2017

Described as "a humble service (sbabtog) from the Royal Government" to the Bhutanese community leaving abroad by Finance Minister

Revised Minimum Lending Rate
FEBRUARY 13, 2017

This is to inform the General Public and the Financial Institutions

Launch of the design of the Nu. 100 commemorative bank note
FEBRUARY 05, 2017

The Royal Monetary Authority of Bhutan (RMA) is pleased to launch the design of the Commemorative Banknotes of Nu.100 denomination to celebrate the First Birth Anniversary of His Royal Highness The Gyalsey, Jigme Namgyel Wangchuck.

Launch of the Bhutan Immediate Payment Service
JANUARY 27, 2017

The Royal Monetary Authority (RMA) in collaboration with the Department of Information Technology and Telecom under the Ministry of Information and Communication (MoIC), the Financial Institutions and the G2C Office launched the Bhutan Immediate Payment Service (BIPS).

Public Notification
JANUARY 25, 2017

This is to remind all that issuance of cheques with insufficient balance in the account is a criminal offence, punishable as per the Negotiable Instrument Act of the Kingdom of Bhutan 2000 and the Penal Code of Bhutan 2011

Introduction of charges for return of cheques for clearing
JANUARY 23, 2017

The Royal Monetary Authority of Bhutan during its 37th Executive Committee Meeting decided to introduce charges for cheques returned

Public Notification
DECEMBER 30, 2016

The Private Money Lending Rules and Regulations 2016

Public Notification
DECEMBER 30, 2016

This is to inform the general public that the final copy of Rules and Regulations for Deposit-Taking Microfinance Institutions in Bhutan is uploaded.

Public Notification
NOVEMBER 26, 2016

This is to inform general public that a copy of draft Rules and Regulations for E-Money Issuers in Bhutan

Signing of MoU between RMA and DRC
NOVEMBER 24, 2016

The Royal Monetary Authority signed Memorandum of Understanding with Department of Revenue and Customs on 23 rd November, 2016 for the betterment of collaboration and assistance in relation to information and intelligence sharing.

Public Notification
NOVEMBER 23, 2016

Stocks of legal tender Indian Rupee cash have reached critical levels since we are not getting fresh stocks from India.

Public Notification
NOVEMBER 21, 2016

In line with recent verbal communication from the Reserve Bank of India on 18th November 2016

Public Notification
NOVEMBER 14, 2016

In continuation to the notification on the old high-denomination bank notes of INR 500 and INR 1000, RMA would like to inform the public and business firms etc.,

Public Notification
NOVEMBER 11, 2016

In continuation to the notification on the old high denomination bank notes of INR 500 and INR 1000, RMA would like to now inform the public and business firms, etc.,

Public Notification
NOVEMBER 09, 2016

Pursuant to the Press Release from the Reserve Bank of India dated 08 November 2016, the Royal Monetary Authority of Bhutan would like to inform the general public that the Reserve Bank of India has announced the Withdrawal of Legal Tender Status for INR 500 and INR 1000 denomination bank notes of the Mahatma Gandhi Series issued by the Reserve Bank of India till November 8, 2016.

Cancellation of banknotes of Rs.500 and Rs.1000 denominations issued by RBI
NOVEMBER 09, 2016

RBI has recommended that bank notes of denominations of the existing series of the value of Rs. 500 and Rs. 1000 shall be ceased to be legal tender.

Launch of Foreign Currency Account Facility for Non-resident Bhutanese in NYC
OCTOBER 13, 2016

The Royal Monetary Authority of Bhutan in collaboration with the Ministry of Finance, the Bank of Bhutan and the Bhutan National Bank launched the Foreign Currency Account Facility for the Non-resident Bhutanese on 9th October 2016 in New York, USA.

NRB Governor visit
SEPTEMBER 29, 2016

The Nepal Rastra Bank (NRB) delegation led by Governor, Dr. Chiranjibi Nepal visits RMA

Nu.1000 denomination Commemorative Banknote
SEPTEMBER 22, 2016

The Royal Monetary Authority of Bhutan is pleased to release Commemorative Banknotes of Nu.1000 denomination to celebrate the Birth of His Royal Highness The Gyalsey, Jigme Namgyel Wangchuck.

Foreign Currency Account Facility for Non-resident Bhutanese
SEPTEMBER 22, 2016

The Royal Monetary Authority of Bhutan is pleased to announce the launch of a scheme to provide Foreign Currency Account facility for Non-Resident Bhutanese (NRB), i.e. Bhutanese who live, work or study overseas.

Public Notification
JULY 22, 2016

This is to inform the general public that ¿the import or export of gold or silver in form of coins, bars, bullion, beyond the duty free limit prescribed by the Ministry of Finance shall require the prior approval of the RMA¿ as per section 8 of the Foreign Exchange Regulations 2013.

MLR Circular
JULY 22, 2016

ln exercise of the powers conferred by Section 203 (e) and Section 210 of the Financial Services Act of Bhutan 2011, the Royal Monetary Authority of Bhutan (RMA) hereby issues the Circular on Minimum Lending Rate to all the Financial lnstitutions (Fls) replacing the existing Base Rate System with effect from 1st August 2016.

Press Release on the Interest Rate Policy
JULY 20, 2016

The RMA is introducing a new, forward-looking and integrated interest rate policy called the Minimum Lending Rate (MLR). The MLR is a single benchmark or minimum reference rate for lending to be uniformly applied across all the financial institutions. On the common MLR, each financial institution will competitively add its expected spread to arrive at the final lending rates.

Notification
JULY 12, 2016

The RMA would like to notify the public that the Quarterly Selected Economic Indicators have been discontinued w.e.f 2016.

Global Money Week-Financial Literacy Program
MARCH 15, 2016

Through the implementation of the financial literacy program, RMA intends to expose all the relevant stake holders in the opportunity to collaborate with RMA to educate the nation on financial literacy.

Public Notification
FEBRUARY 15, 2016

This is to inform the General Public that the Royal Monetary Authority will be re-opening

Public Notice
JANUARY 12, 2016

The Royal Monetary Authority of Bhutan would like to inform the general public that this Authority would be re-opening exchange-counters at the RMA (Thimphu & Phuntsholing branch office) for facilitating exchange of Ngultrum notes for Indian Rupee (INR) notes, beginning with the facility for Bhutanese proceeding on pilgrimage to India.

Meeting with the FIs
JANUARY 06, 2016

The Hon¿ble Governor met with the CEOs and Deputy CEOs of the Financial Institutions over a one hour meeting convened at the RMA for the purpose of informing and sensitizing the FIs with regard to the programs and measures that the RMA intends to implement shortly in its bid to re-build the confidence of both Bhutanese citizens and the Indian merchants in the Ngultrum through easing access to Rupee (opening of exchange counters at the RMA).

Prime Minister¿s visit
JANUARY 04, 2016

The Hon¿ble Prime Minister and the Finance Minister accompanied by senior officials of the Ministry of Finance visited the RMA on the occasion of RMA¿s formal handing over of surplus of Nu.788M generated by the RMA for the Financial Year 2014-2015 to the Ministry of Finance. The occasion was also attended by the RMA Board of Directors.

Appointment of New Governor
DECEMBER 07, 2015

His Majesty the King conferred Tashi Khadar to Dasho Penjore on 7th December 2015 appointing him as the new Governor of the Royal Monetary Authority. Dasho Penjore last served as the chief executive officer of the National Pension and Provident Fund.

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