The economic situation of Bhutan has become very complicated
Foreign exchange reserves have fallen to record lows.
New Delhi: After Sri Lanka and Pakistan, the economic situation of India’s neighbouring country Bhutan has become very complicated. Foreign exchange reserves have fallen to record lows. As a result, the Bhutanese government has banned the import of all types of vehicles except utility vehicles, heavy earthmoving machines and agricultural equipment.
The total population of this country between India and China is about 8 lakhs. However, due to the Russia-Ukraine war, the prices of crude oil and food products have increased in the international market. Along with this, the country has imposed restrictions on the arrival of foreign tourists for the last two years, moving towards a zero-covid policy. Due to this, it is difficult to get foreign currency to the country. As of April last year, Bhutan’s foreign exchange reserves stood at US$1.46 billion. But by December, it had reduced to 970 million US dollars. This is according to a report published by the Royal Monetary Authority of Bhutan last month.
In view of this, the Ministry of Finance of the country has issued a notification of restrictions on the import of vehicles. Along with this, the lanes to be used for the promotion of tourism will also be kept free from restrictions.
Such measures have been taken in view of ensuring that sufficient funds remain in the country’s treasury to maintain stability in the Bhutanese economy. According to a report published in a local newspaper, in the first six months of 2022, Bhutan has imported more than 8,000 vehicles. This has been cited as a major reason for the decline in foreign exchange reserves. Bhutan’s constitution requires the country to hold foreign currency to cover at least 12 months of imports.
Simple Kind To Skin Refreshing Face Wash 150 ml | 100% soap-free gentle cleanser for sensitive, dry & oily skin, for women & men
₹279.00 (as of October 4, 2024 21:29 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)HP 15s Core i5 12th Gen (8GB RAM/512GB SSD/FHD/MS Office/Backlit Keyboard/Windows 11/15.6" (39.6cm)/Silver/1.69 kg) fy5008TU Laptop
₹46,990.00 (as of October 4, 2024 21:30 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)Pivalo 3-in-1 Vacuum Cleaner USB Rechargeable Wireless Handheld Mini Car Vaccum-Cleaners for Travelling Camping Reusable Portable with Charging Cable & 3 Attachments (‎PV-AS228)
₹339.00 (as of October 4, 2024 21:30 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)HP 15 db1069AU 15.6 inches (39.62cms) Laptop (3rd Gen AMD Ryzen 3 3200U/4GB/1TB HDD/Windows 10/MS Office/Radeon Vega 3 Graphics), Jet Black
Now retrieving the price.
(as of October 4, 2024 21:30 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)Philips HP8100/46 Compact Hair Dryer| 2 Flexible heat setting| ThermoProtect prevents overhearting | 1000 Watts- Purple
₹646.00 (as of October 4, 2024 21:30 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)Jr. Sr. Baby Diaper| Small | 4-8 Kg | 78 Counts | Pack Of 1
₹399.00 (as of October 4, 2024 21:30 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)Pampers All round Protection Pants,Double Extra Large size baby diapers (XXL) 42 Count,15-25kg,Anti Rash diapers, Lotion with Aloe Vera
₹877.00 (as of October 4, 2024 21:30 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)MSI Thin 15, Intel Core i5-12450H, 40CM FHD 144Hz Gaming Laptop(16GB/512GB NVMe SSD/Windows 11 Home/NVIDIA GeForce RTX 2050,GDDR 4GB /Cosmos Gray/1.86Kg), B12UCX-1695IN
₹45,990.00 (as of October 4, 2024 21:30 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)ASIAN Men's Wonder-13 Sports Running Shoes…
₹574.00 (as of October 4, 2024 21:30 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)Thums Up Soft Drink Pet Bottle, 750 Ml, Cola
₹38.00 (as of October 4, 2024 21:30 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)Fossil Gen 5 Carlyle Stainless Steel Touchscreen Men's Smartwatch with Speaker, Heart Rate, GPS and Smartphone Notifications - FTW4024
Now retrieving the price.
(as of October 4, 2024 21:30 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)