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Royal Monetary Authority of Bhutan,Central Bank of Bhutan,Bank of Bhutan,Bhutanese Central Bank,National Bank of Bhutan,Bhutanes
Royal Monetary Authority of Bhutan,Central Bank of Bhutan,Bank of Bhutan,Bhutanese Central Bank,National Bank of Bhutan,Bhutanes
By: EconomyWatch Date: 9 September 2010
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National Assembly of Bhutan passed the Royal Monetary Authority of Bhutan Act in 1982. Under this law Royal Monetary Authority of Bhutan (RMA) was being established. The RMA is an autonomous body dealing with the financial and monetary business in the country.
The authority aims at maintaining the internal stability in the country both in the monetary as well as fiscal level. For this the bank undertakes many new initiatives for the banks and other financial institutions in the country.
It has immense contribution to the economy of Bhutan. A smooth running financial market largely helps to the country's economy.
The important functions of the Royal Monetary Authority of Bhutan are as follows:
Acting as the sole authority of issue of notes and coins;
Acting as the banker to the banks and the government;
Acting as the advisor to the Government; and
Acting as guardian of the country's external reserves. The address and the contact details of the RMA is as follows:
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Nouriel Roubini, a.k.a. “Doctor Doom”, is chairman of Roubini Global Economics and professor of economics at New York University’s Stern School of Business. Roubini has been consistently cited as one of the world’s top global thinkers. This year, he was voted as the most influential economist in the world by Forbes magazine.
Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. IMF’s Chief Economist from September 2003 to January 2007. Inaugural recipient of the Fischer Black Prize.
CEO and co-CIO of PIMCO. Served as President and CEO of the Harvard Management Company for 2 years, while also working at the IMF for 15 years. In 2008, his book "When Markets Collide", won the Financial Times award for Business Book of The Year in addition to being named as the one of the best business books of all time by The Independent.
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