See all those languages up there? We translate Global Voices stories to make the world's citizen media available to everyone.

Learn more about Lingua Translation  »

Bhutan: The Indian Currency Crunch

The Indian rupee is accepted as a legal currency in Bhutan along with the ngultrum. Penstar reports that a crisis is brewing in the country as all the banks were ordered to close the accounts held by non-resident Indians to tackle the Indian currency crunch.

1 comment

  • suren

    Lets accept that business between Bhutanese and Indians are not going to be the same now onwards. Indians will think twice before accepting Ngultrums in the boarder towns. Ngultums is no use to us, it is not accepted anywhere in India, except the boarder towns. To close the Indian business men’s Bank Accounts in Bhutan is gross violation of International Banking norms. This step taken by the Bhutan Central Bank has shaken our confidence in Bhutanese economy.

Join the conversation

Authors, please log in »

Guidelines

  • All comments are reviewed by a moderator. Do not submit your comment more than once or it may be identified as spam.
  • Please treat others with respect. Comments containing hate speech, obscenity, and personal attacks will not be approved.

Receive great stories from around the world directly in your inbox.

Sign up to receive the best of Global Voices
* = required field
Email Frequency



No thanks, show me the site