PUBLIC NOTIFICATION

 

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.

In this regard, we would like to notify the general public that as per the Foreign Exchange Rules and Regulations 2018, any person other than authorized bank must obtain license from the RMA to carry out money changing business in Bhutan. Therefore, we strictly advise those individuals who are facilitating exchange services without Authorized Money Changer license to immediately register with RMA for license approval.

Individuals violating provisions of the Foreign Exchange Rules and Regulations 2018 and other guidelines issued by the RMA will be liable for penalties as per the Penalty Rules and Regulations 2019.

 

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