Invitation for Bids (IFB)
MAY 11, 2023
The Royal Monetary Authority of Bhutan invites sealed bids from eligible and qualified bidders for "The Operation of the RMA Office Canteen" having valid Trade License, Tax Clearance Certificate and BAFARA Food Handle License.
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PRESS RELEASE
APRIL 04, 2023
Pursuant to the press release issued by the erstwhile Ministry of Economic Affairs (MoEA) on the launch of Bhutan Trade FinNet (BTFN) System Phase-I in December 2022, the Royal Monetary Authority in collaboration with the Ministry of Industry, Commerce and Employment and the Ministry of Finance launched BTFN system Phase-II on 3rd April 2023. The launch ceremony was graced by the Hon`ble Lyonpo Karma Dorji, Ministry of Industry, Commerce and Employment and Dasho Penjore, Governor, Royal Mon
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Declaration of the selection Result
MARCH 24, 2023
RMA is pleased to declare the final selection result for the candidates who applied for the various posts based on the selection Interview held from March 16 till 18, 2023. The selected candidates should report to Department of Administration and Finance, RMA on April 03, 2023 at 9.00 A.M. along with the legal stamps, Passport size photograph and Bank Account Number
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Shortlisted for viva-voce
MARCH 10, 2023
RMA is pleased to announce the shortlisted candidates for various posts following the written examination held on March 04, 2023 at NRDCL. Therefore, the shortlisted candidates are requested to report to the RMA as per the interview date and time along with the original documents for verification.
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NOTIFICATION
MARCH 02, 2023
The Royal Monetary Authority of Bhutan (RMA) would like to inform the general public that the revised Rules and Regulations for Registered Private Money Lenders 2023 (4th Edition) has been uploaded here on the RMA`s website which has come into effect from 1st day of March 2023
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Written Examination Date
FEBRUARY 27, 2023
In reference to job vacancy announced by RMA on February 3, 2023, the HRD is pleased to announce the list of shortlisted candidates for various positions. As the next level of recruitment process being written exam, we would like to inform the applicants to report for written examination at National Resource and Development Corporation Limited, Head Office, Thimphu at the mentioned date and time. Should there be any queries, kindly contact the concerned person in the given contact number.
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PRESS RELEASE
FEBRUARY 27, 2023
In line with the RMA Circular referenced RMA/RSD/293 dated 21st July 2016, updated on 8th August 2016, the Royal Monetary Authority of Bhutan has revised the Single MLR from 6.92 percent (as of June 2022) to 6.88 percent in December 2022. The revised MLR shall remain effective for the next six months commencing March 2023 until August 2023.
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Extension of 2% Incentive Scheme on Inward Remittance
FEBRUARY 16, 2023
In continuation of the Incentive on Remittance Scheme, launched in May 2021, the RMA is pleased to announce the extension of the scheme for Bhutanese who live, work, or study overseas for another 1 year, up to December 31, 2023, whereby the 2% incentives shall be eligible for inward remittances received from January 1, 2023.
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NOTIFICATION
FEBRUARY 07, 2023
The Royal Monetary Authority of Bhutan would like to inform the general public that the frequency of the INR monthly private travel quota of INR 25,000/- cash has been revised to Semi-annually with the effect from February 06, 2023.
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Vancancy Re-Announcement
FEBRUARY 03, 2023
The Royal Monetary Authority of Bhutan (RMA) is pleased to announce the vacancies for the following posts:
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Publication of Annual Report 2022
JANUARY 30, 2023
The Royal Monetary Authority of Bhutan is pleased to publish its Annual Report 2022. The Report reviews the macroeconomic developments and policy initiatives for the fiscal year 2021/22. An overview on the prospects of the medium-term macroeconomic development is also presented in this Report.
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Invitation for Bids (IFB)
JANUARY 26, 2023
The Royal Monetary Authority of Bhutan now invites sealed bids from eligible and qualified bidders for "The Supply of Furniture & Fixture for the FY 2022-2023" having valid Trade License, Tax Clearance Certificate and OEM Dealership Certificate for identified items.
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Call for Bids of Government Bond
JANUARY 19, 2023
A 10-year bond of Nu.1,250 million in the name of the Royal Government of Bhutan are offered for public subscription through Royal Monetary Authority of Bhutan (RMA). The submission of the bid will be opened from 20 th January 2023 till 30 th January 2023 (12 noon).
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Payment overlay services for interbank fund transfers through Mobile and QR Code
JANUARY 16, 2023
In our continuous efforts to innovate retail payment systems, the Royal Monetary Authority in partnership with the member banks implemented payment overlay services for real-time account validation and health check of a beneficiary bank before confirming the payments via Mobile and QR code. With these new services, a customer will now be able to see the beneficiary account name if the beneficiary bank system is up and running.
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Recruitment Reannouncement - 2022
DECEMBER 21, 2022
In reference to the job vacancy announced by RMA on November 18, 2022 and as per the written examination conducted on December 15, 2022 the RMA would like to inform all the applicants that we have decided not to proceed further selection process, and re-announce and open up the vacancy once again.
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PRESS RELEASE
DECEMBER 14, 2022
Launch of the BTFN System Phase I: Import by Wholesalers from Countries Other Than India (COTI)
The Royal Monetary Authority (RMA) jointly with the Ministry of Economic Affairs (MoEA) and the Ministry of Finance (MoF) have launched the Bhutan Trade FinNet (BTFN) System- Phase 1- Import by Wholesalers from Countries other than India (COTI) on 12 December 2022. The BTFN System is a web-based integrated platform that brings together the RMA, MoEA, MoF and the Banks to monitor, measure and
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Written Examination Date
DECEMBER 09, 2022
The Royal Monetary Authority of Bhutan is pleased to announce the shortlisted candidates for various post (announced on 18 Nov 2022) for written examination which is scheduled on 15th December 2022 at Financial Institutions Training Institute (FITI), Changaney (near YDF), Thimphu.
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Vacancy Announcement
NOVEMBER 18, 2022
The Royal Monetary Authority of Bhutan (RMA) is pleased to announce the vacancies for the following posts:
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Public Notification (Ponzi Scheme)
NOVEMBER 18, 2022
Royal Monetary Authority (RMA) would like to inform the public that Bhutanese are still participating in the Ponzi scheme called `Tallwin life Plan` despite the public notification issued on 27th October 2022. RMA has cautioned public that scheme is fraudulent investment where earlier investors returns are paid from the contributions of later investors.
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CORRIGENDUM
NOVEMBER 15, 2022
This is in line with Press Release on Education Loan: Visa Fee, Tuition Fee and Living Expenses for Overseas Studies issued on 12th November 2022, the RMA would like to clarify that out of five Commercial Banks, only BoBL, BNBL and Druk PNB Bank Ltd are allowed to give loans under the new education loan scheme.
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Public Notification
OCTOBER 28, 2022
The Royal Monetary Authority of Bhutan would like to notify the general public on the issuing and acquiring card brands and networks for each authorized bank for seamless usage and operation of the International Cards (Debit and Credit) issued by the authorized banks in Bhutan.
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Public Notification
OCTOBER 19, 2022
The Royal Monetary Authority of Bhutan notifies the general public that the revised INR Cash Exchange Form is now available in our website which shall come into effect from 19th October 2022. For further clarification, kindly contact us at forex@rma.org.bt or 02-323111 (106)(225)
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Invitation for Bids (IFB)
OCTOBER 19, 2022
The Royal Monetary Authority of Bhutan now invites sealed bids from eligible and qualified bidders for "Supply and Installation of uPVC Windows at RMA Head Office" having valid Trade License and Tax Clearance Certificate.
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Invitation for Bids (IFB)
OCTOBER 10, 2022
The Royal Monetary Authority of Bhutan now invites sealed bids from eligible and qualified bidders for "THE SUPPLY OF PRINTING ITEMS AND OTHER SUPPLIES FOR FY 2022-2023" having valid Trade License and Tax Clearance Certificate.
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Invitation for Bids (IFB)
OCTOBER 03, 2022
The Royal Monetary Authority of Bhutan now invites sealed bids from eligible and qualified bidders for "The Supply of Livery Items for the FY 2022-2023" having valid Trade License and Tax Clearance Certificate.
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Public Notification
OCTOBER 03, 2022
The Royal Monetary Authority of Bhutan notifies the general public that the revised Foreign Exchange Rules and Regulations 2022 and Foreign Exchange Operational Guidelines 2022 is now available
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CORRIGENDUM
SEPTEMBER 14, 2022
In line with Notice Inviting Tender for the "Supply of Computer & Accessories and Office Equipment for the FY 2022-2023", the Royal Monetary Authority of Bhutan would like to inform that there are few changes in the specification under category I:
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Public Notification
SEPTEMBER 12, 2022
With the change in the tourism system from 23rd September 2022, Tour Operators and Hotels Certified by Tourism Council of Bhutan shall be permitted to open and maintain FC accounts. In this regard, the RMA would like to notify the interested TCB Certified & Validated Tour Operators and Hotels to submit your applications for the FC accounts with the authorized banks.
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Invitation for Bids (IFB)
SEPTEMBER 09, 2022
The Royal Monetary Authority of Bhutan now invites sealed bids from eligible and qualified bidders for "The Supply of Computer & Accessories and Office Equipment for the FY 2022-2023" having valid Trade License, Tax Clearance Certificate and OEM Dealership Certificate for identified items.
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RemitBhutan for Non-resident Bhutanese
SEPTEMBER 06, 2022
RemitBhutan allows Non-resident Bhutanese(NRB) to open Foreign currency and/or Ngultrum accounts with the authorized banks in Bhutan. Save time and cost while remitting your savings to your loved ones in Bhutan. RemitBhutan. It`s safe, secure and reliable.
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PRESS RELEASE
AUGUST 11, 2022
In line with the RMA Circular referenced RMA/RSD/293 dated 21st July 2016, updated on 8 th August 2016, the Royal Monetary Authority of Bhutan has revised the Single MLR from 7.16 percent (December 2021) to 6.92 percent in June 2022.
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Public Notification
AUGUST 26, 2022
The Royal Monetary Authority of Bhutan (RMA) would like to inform the Exporters that as per Section 24 of the Foreign Exchange Rules and Regulations (FERR) 2020, all the receipts for trade in goods with the resident of India must be received in Indian Rupee through banking channel.
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Invitation for Bids (IFB)
AUGUST 04, 2022
The Royal Monetary Authority of Bhutan now invites sealed bids from eligible and qualified bidders having valid trade license and tax clearance certificate for "The Supply of office stationery & other consumable items for the FY 2022-2023"
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PRESS RELEASE
JULY 01, 2022
In continuation of the Incentive on Remittance Scheme, launched in May 2021, the RMA is pleased to announce the extension of the scheme for Bhutanese who live, work, or study overseas for another 6 months, starting July 1st , 2022. The incentive eligible under this scheme is enhanced to 2 percent from 1 percent in recognition of the significant contributions made towards boosting the remittance inflow since May 2021 and the foreign currency reserves; and promoting savings and investments.
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Public Notification
JUNE 27, 2022
The Royal Monetary Authority of Bhutan invites the general public to provide their comments on the amendment to the Foreign Exchange Rules and Regulations 2022. Please send in your comments, if any, to forex@rma.org.bt on or before 18th July 2022.
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Monetary Measure Notice
JUNE 25, 2022
The RMA is pleased to issue Standard Operating Procedures (SOP) for the smooth implementation of Phase IV Monetary Measures with effect from 1st July 2022.
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AUCTION NOTICE
JUNE 25, 2022
The Royal Monetary Authority (RMA) hereby notifies all the interested bidders to participate in the RMA`s intention to auction office pool-vehicle(s).
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RGOB Bond Auction Result
JUNE 22, 2022
RMA is pleased to announce auction result of the 12-Year Government bond of Nu. 4,000,000,000.00 which was offered for bid to the public from 11th - 21st June 2022.
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Auction Result for RGoB004
APRIL 26, 2022
RMA is pleased to announce auction result of the 7-Year Government bond of Nu. 1,500,000,000.00 which was offered for bid to the public from 11-21 April 2022.
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2nd Birth Anniversary of His Royal Highness Gyalsey Ugyen Wangchuck
MARCH 18, 2022
On the joyous occasion of 2nd Birth Anniversary of His Royal Highness Gyalsey Ugyen Wangchuck the board of directors, management and employees of Royal Monetary Authority of Bhutan offers our sincere prayers and best wishes for the Gyalsey`s long life, good health and perpetual happiness.
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PRESS RELEASE
MARCH 12, 2022
Ensuring uninterrupted flow of essential financial services during the first two weeks of 5th lockdown and its impact on digital payments
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42nd Birth Anniversary of His Majesty The King
FEBRUARY 21, 2022
On the joyous occasion of the 42nd Birth Anniversary of His Majesty The King, the Royal Monetary Authority of Bhutan joins the nation in expressing our sincere prayers for His Majesty`s good health and wellbeing.
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PRESS RELEASE
FEBRUARY 08, 2022
On 8 th February 2022, H.E Mr. Sonam Tobgay, Ambassador of Bhutan to Australia, on behalf of the Financial Intelligence Department (FID) of the Royal Monetary Authority (RMA), and Ms. Nicole Rose PSM, Chief Executive Officer of Australian Transaction Reports and Analysis Centre (AUSTRAC), signed a Memorandum of Understanding (MoU) between FID-RMA and AUSTRAC.
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PRESS RELEASE
FEBRUARY 05, 2022
The Royal Monetary Authority of Bhutan would like to inform the general public that the existing GIFT System- a system that facilities inter-bank real time fund transfer shall henceforth be known as "Bhutan Inter-Bank Real Time (BIRT)- Fund Transfer System".
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Auction Result
FEBRUARY 04, 2022
RMA is pleased to announce auction result of the 10-Year Government bond of Nu. 3000,000,000, which was offered for bid to the public from 21-31 January 2022.
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Revised AML/CFT Rules and Regulations
JANUARY 31, 2022
This is to inform the general public that a copy of revised AML/CFT Rules and Regulations is hosted here(click here to download) for public comments.
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Public Notification
JANUARY 22, 2022
We would like to inform the general public that in response to the Covid-19 lockdown the following Toll-free numbers of the RMA and the respective Financial Service Providers have been activated for queries regarding essential financial services.
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Call for Bids of Government Bond
JANUARY 20, 2022
A 10-year bond of Nu.3,000 million in the name of the Royal Government of Bhutan are offered for public subscription through Royal Monetary Authority of Bhutan (RMA). The submission of the bid will be opened from 21st January 2022 till 31st January 2022 (12 noon).
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Public Notification
JANUARY 20, 2022
The Royal Monetary Authority of Bhutan (RMA) would like to express our deepest appreciation to the general public of Phuentsholing for embracing the use of digital payments in the ongoing COVID-19 pandemic situation.
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NOTIFICATION
DECEMBER 03, 2021
The Royal Monetary Authority of Bhutan (RMA) would like to reiterate to the general public to optimize digital payments and use it to its utmost leverage. Out of many advantages, while transacting digitally the risk of counterfeiting is zero since there is no physical cash.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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PRESS REALEASE
AUGUST 18, 2021
In line with the RMA Circular referenced RMA/RSD/293 dated 21st July 2016, updated on 8th August 2016, the Royal Monetary Authority of Bhutan has revised Single MLR from 6.85 percent (as of December 2020) to 7.14 percent in June 2021.
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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.
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KUEN-Phen Financing
AUGUST 16, 2021
RMA has launched KUEN-Phen Financing to enable innovative access to inclusive finance for greater socio-economic impact.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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PRESS REALEASE
Resolution of Non-performing loans
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.
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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.
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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:
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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.
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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".
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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".
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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.
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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
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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.
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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.
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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.
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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,
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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.
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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.
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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.
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PRESS RELEASE
JULY 17, 2020
Launch of Bhutan Quick Response Code to drive QR Code Payment.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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PUBLIC NOTIFICATION
MAY 01, 2020
Extension of Monetary Measures in response to COVID-19: Interest Waiver on Non-Performing Loan (NPL) Accounts.
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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.
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NOTIFICATION
APRIL 16, 2020
Royal Monetary Authority is pleased to publish the "Monetary Measures in response to COVID-19".
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PUBLIC NOTIFICATION
APRIL 02, 2020
The Royal Monetary Authority of Bhutan is pleased to publish the 2nd edition of e-FINLIT newsletter 2020.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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PUBLIC NOTIFICATION
JULY 03, 2019
This is to inform the general public that a copy of Consumer Protection for Financial Services (CPRS) Rules and Regulations 2019 is available for public comments till 1st August 2019.
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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..
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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.
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Public Notification
JUNE 14, 2019
This is to inform the general public that a copy of Crowdfunding Rules & Regulations 2019 is available for public comments till 14th July 2019.
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Public Notification
JUNE 14, 2019
This is to inform the general public that a copy of Fund Management Rules & Regulations 2019 is available for public comments till 14th July 2019.
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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.
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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.
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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.
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ANNOUNCEMENT
MAY 06, 2019
The Royal Monetary Authority of Bhutan (RMA) is pleased to announce the result of selection interview held on may 3, 2019 for the post of loader.
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ANNOUNCEMENT
APRIL 25, 2019
The Royal Monetary Authority of Bhutan is pleased to announce shortlisted candidate for the post of loader. Candidates who got shortlisted are required to report for viva interview at RMA Head Office, Thimphu at 9:30 am on Friday, May 03 2019.
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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.
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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.
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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.
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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.
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PUBLIC ANNOUNCEMENT
FEBRUARY 08, 2019
The revised Rules and Regulations 2019 for Central Registry for Secured Transaction (CRST) under the RMA has been put in the RMA website for the public review and comments. The amendments are highlighted with red color.
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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.
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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.
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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.
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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.
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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.
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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.
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NOTICE
DECEMBER 07, 2018
The Royal Monetary Authority of Bhutan hereby invites the Request for Proposal (RFP) from the eligible national and international suppliers for `Supply, Installation, Testing and Commissioning of offline Banknote destruction/shredder machines including operation, troubleshooting, maintenance and servicing.
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PUBLIC ANNOUNCEMENT
NOVEMBER 29, 2018
The Royal Monetary Authority of Bhutan hereby solicits comments/views from the Financial Institutions and entities concerned on the draft Penalty Rules and Regulations 2019 to be adopted and implemented by RMA with effect from 1st July 2019.
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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.
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ANNOUNCEMENT
NOVEMBER 09, 2018
The general public is hereby informed that Mr. Chhimi Dorji bearing CID No. 10811000499, contact No. 17556306 from Paro Dzongkhag
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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.
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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.
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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.
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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).
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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.
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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:
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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
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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.
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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.
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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.
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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.
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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.
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ANNOUNCEMENT
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 to the Royal Monetary Authority of Bhutan, Chhophel Lam, Kawajangsa, Thimphu, Bhutan with effect from 1st July 2018.
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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
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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.
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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.
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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).
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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
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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.
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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.
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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).
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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
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PUBLIC ANNOUNCEMENT
APRIL 16, 2018
This is to inform general public that a copy of revised draft Corporate Governance Rules and Regulations 2018 is available for public comments.
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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.
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Public Notification
MARCH 07, 2018
The Royal Monetary Authority of Bhutan would like to inform general public that a copy of Rules and Regulations on Licensing of Insurance Companies is available for public comments
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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.
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Public Announcement
MARCH 01, 2018
This is to inform general public that a copy of draft Penalty Rules and Regulations 2018 is available for public comments.
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Public Announcement
MARCH 01, 2018
This is to inform general public that a copy of draft Penalty Rules and Regulations 2018 is available for public comments. Please send your comments, if any to frsd@rma.org.bt latest by the 1st April 2018.
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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.
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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.
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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.
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Public Notification
DECEMBER 13, 2017
This is to inform general public that a copy of draft Payment Settlement Systems Rules and Regulations for regulating and supervising Payment & Settlement Systems and Payment Service Providers in Bhutan is available for public comments
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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.
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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....
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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.
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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.
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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
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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)
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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.
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Public Announcement
AUGUST 01, 2017
This is to inform general public that a copy of Draft Revised Foreign Exchange Regulations 2013 is hosted for public comments.
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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.
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Public Announcement
JULY 17, 2017
This is to inform general public that a copy of draft rules and regulations on Credit Information Bureau is hosted for public comments.
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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.
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NOTIFICATION
JUNE 30, 2017
Shortlisted Applicants for the post of Research Fellow in the RMA on Secondment program for two years
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Public Announcement
JUNE 21, 2017
The Royal Monetary Authority of Bhutan (RMA) would like to inform the general public that the draft Rules and Regulations for CSI Banks in Bhutan 2017
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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.
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New license granted to Lhojong Insurance Brokers Private Ltd.
JUNE 08, 2017
On 7th June 2017, the Royal Monetary Authority of Bhutan issued license to Lhojong Insurance Brokers Private Limited
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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.
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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.
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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.
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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.
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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
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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.
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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.
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Notification from ECB
MARCH 14, 2017
Information about the Third Parliamentary Elections 2018.
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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.
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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
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Revised Minimum Lending Rate
FEBRUARY 13, 2017
This is to inform the General Public and the Financial Institutions
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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.
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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).
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RMA ANNUAL REPORT FY 2015/16
JANUARY 25, 2017
We are please to inform the public that the RMA Annual Report for the fiscal year ending 2015/16 is now available.
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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
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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
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RMA Directors sign Department level Performance Commitments for Jan-June 2017
JANUARY 11, 2017
Following the signing of Board-Management Performance Commitments for January-June 2017 period with RMA Board on 3rd January, the Directors of ten Departments under RMA signed Management-Department Performance Commitments (MDPC) with the Governor and Deputy Governor of respective Groups on 11th January. Departments in RMA are clustered into two groups, each headed by a Deputy Governor.
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RMA signs Board-Management Performance Commitments
JANUARY 04, 2017
RMA is introducing a system of annual performance planning and target setting between the Board and the Management to be known as Board-Management Performance Commitments (BMPC). The BMPC for
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Public Notification
DECEMBER 30, 2016
The Private Money Lending Rules and Regulations 2016
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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.
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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
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MID-CAREER SECONDMENT PROGRAM TO RMA
NOVEMBER 24, 2016
The Royal Monetary Authority of Bhutan (RMA) is pleased to re-announce the availability of the post of two Research Fellows
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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.
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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.
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Public Notification
NOVEMBER 21, 2016
In line with recent verbal communication from the Reserve Bank of India on 18th November 2016
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Public Notification
NOVEMBER 18, 2016
This is to inform general public that a copy of draft Deposit Taking Microfinance Institution is available for public comments.
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Private Money Lending Rules and Regulations 2016
NOVEMBER 18, 2016
Solicitation of public comments on the draft Private Money Lending Rules and Regulations 2016 effective from November 18, 2016 to December 19,2016.
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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.,
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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.,
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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.
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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.
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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.
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NRB Governor visit
SEPTEMBER 29, 2016
The Nepal Rastra Bank (NRB) delegation led by Governor, Dr. Chiranjibi Nepal visits RMA
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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.
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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.
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Public Notice
AUGUST 15, 2016
This is to inform the general public that the final copy of Prudential Regulation 2016 is hosted.
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Announcement
AUGUST 05, 2016
The Royal Civil Service Commission of Bhutan is pleased to announce the availability of the post of two Research Fellows to be placed at the Royal Monetary Authority of Bhutan on secondment for two years. Interested candidates must have at least ten years of experience in the civil service with a master¿s degree or PhD in fields related to economics, applied economics, finance or business studies.
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Public Notice
JULY 27, 2016
This is to inform the general public that a draft copy of Agent Banking Rules and Regulations is hosted for public comments
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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.
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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.
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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.
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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.
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Social Forestry Day & Social Hours
JUNE 02, 2016
RMA participates in the occasion of the Social Forestry Day by planting more than 2000 tree saplings on the slopes above Samarzingkha.
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Public Notice
MAY 31, 2016
This is to inform the general public that a copy of revised Prudential Regulations is hosted here(click here to download) for public comments. Please send your comments, if any, to frsd@rma.org.bt on or before 30th June, 2016
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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.
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Public Notification
FEBRUARY 15, 2016
This is to inform the General Public that the Royal Monetary Authority will be re-opening
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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.
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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).
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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.
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RMA Rimdro
JANUARY 03, 2016
A day long ¿Dolma-Yudog¿ Rimdro was conducted at the RMA and the Rimdro was conducted by Khenpo Karpo Rinpoche along with 17 other monks.
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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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Launch of 60th Birth Anniversary Commemorative Coins
NOVEMBER 07, 2015
The Royal Monetary Authority of Bhutan (RMA) launched commemorative coins for the 60th Birth Anniversary celebration of His Majesty the Fourth Druk Gyalpo Jigme Singye Wangchuck on 6th November 2015 in the RMA. The coins were minted by the RMA on the command of His Majesty the King.
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Public Notification on INR Denomination Rs.500 and Rs.1000
SEPTEMBER 07, 2015
The Royal Monetary Authority of Bhutan informs the General public that with effect from May 01, 2015 individuals are allowed to carry Indian Currency Notes of denominations: Rs.500 and Rs.1000 subject to the limit of Rs. 25,000 (twenty five thousand).
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Public notification on CIB regulation
APRIL 03, 2015
This is to inform the general public that Credit Information Bureau Regulations, 2015 has been approved by the RMA Board on 6th March 2015 and is hosted in RMA website under Laws and Regulation for your kind reference.
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Re-introduction of housing & vehicle loans.
AUGUST 18, 2014
This is to inform the general public that the RMA will lift the ban imposed on Housing and Vehicle loans with effect from 1st September 2014. The policy ban of March 2012, although unconventional in nature, was inevitable and had to be implemented by the RMA given the severe macroeconomic imbalances the country faced during the time.
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Public Notification On Securities Brokerage Business License
AUGUST 14, 2014
This is to notify the interested persons/firms that the RMA is accepting application for the securities brokerage business license under the Securities Brokers regulation 2011. A copy of regulation is available on our website.
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MoU signed with Bangladesh FIU and Korea FIU
JULY 23, 2014
The Financial Intelligence Unit of Bhutan (FIUB) has entered into a Memorandum of Understanding (MoU) with Bangladesh Financial Intelligence Unit (BFIU) and the Korea Financial Intelligence Unit (KoFIU) concerning cooperation in the exchange of financial intelligence relating to money laundering, associated predicate offences and terrorist financing on 17th July 2014 in Macau, China.
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Signing of MoU between FIU-RMA and ACC
JULY 11, 2014
The Financial Intelligence Unit of Royal Monetary Authority (FIU-RMA) and the Anti- Corruption Commission (ACC) signed a Memorandum of Understanding (MoU) with respect to strengthening the existing cooperation and to expedite the exchange of information between the two agencies on 9th July 2014.
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