Central Banking

Bhutan strengthens relations with India through payment co-ordination

bhutan

The Royal Monetary Authority of Bhutan will strengthen its relations with neighbouring India in 2019, through co-ordination between the country’s two payment systems.

According to the central bank’s annual report, a new payment switch will allow Indian tourists to access more than 231 ATMs and 759 point-of-sale terminals located within Bhutan.

“This will benefit the country in earning Indian rupees by stimulating digital purchasing power to acquire transactions of the tourists/travellers from

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