Have you ever thought why some grocery item are cheaper in Paro or Thimphu than in Phuntsholing? Why does different shop charges different prices for the same item in the same location?
Saturday, March 31, 2012
Friday, March 30, 2012
Indian Rupee Crunch Update 1
The blog continues for the Indian Rupee Crunch (ii)...
How long? It should by this time come to normal, however RMA's decision to close indian accounts in bhutanese banks will have some impact (additional 1-3) months of crunch though the decision is timely and necessity. My estimates say it would continue for april month only or atleast to early may.
Monday, March 12, 2012
The Indian Rupee Crunch
What is "Rupee Crunch"?
Rupee crunch is basically the shortage of hard currency (Indian Rupee) in Bhutanese Market. Indian Rupee is a foreign currency and is like any other foreign currency cannot be printed as and when we like. Basically we have to EARN it. The current rupee crunch was a small crisis but then the RMA circular restricting the Indian Rupee have added fuel to the fire and thereby affected all Bhutanese. Now the crunch is a big economical crisis and such measures would add even more to the crisis.
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