Inauguration of Electronic Funds Transfer and Clearing System Project

On June 11, 2010, the Royal Monetary Authority held the formal launch of Electronic Fund Transfer and Clearing System (EFTCS) coinciding with the inauguration ceremony of the 39th ACU Board of Directors meeting. The launch held at the ‘Terma Linca’ resort was inaugurated jointly by the Chairman of the RMA Board, H.E. Lyonpo Wangdi Norbu, Hon’ble Finance Minister and Dr. D. Subbarao, Governor of the Reserve Bank of India. The Launch was attended by the ACU Board members, members from the RGoB, Financial Sector, and International organizations in Bhutan.