Central Banks

Royal Monetary Authority of Bhutan

The Royal Monetary Authority of Bhutan (RMA) was established under the Royal Monetary Authority of Bhutan Act 1982 passed by the 56th Session of the National Assembly ...

The Royal Bhutan Monetary Authority (RMA) was established under the Royal Bhutan Monetary Authority Act 1982, passed by the 56th Session of the National Assembly of Bhutan. Since then, certain provisions of the Act have been partially amended by the Bhutan Financial Institutions Act 1992. Section VI of Part II of the Royal Bhutan Monetary Authority Act states that the purpose of the Royal Bhutan Monetary Authority is to: regulate the effectiveness of currency and its international exchange; promote currency stability; supervise and regulate banks and other financial institutions; Improve the credit and transaction environment, and improve the financial structure conducive to balanced economic growth.
The Kingdom of Bhutan, referred to as "Bhutan", is located on the southern slope of the eastern section of the Himalayas between China and India (belonging to the southern bottom of the Qinghai-Tibet Plateau). The currency used in Bhutan is Ngultrum, code BTN.

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