RMA opens INR exchange counter in Phuentsholing

Governor of the Royal Monetary Authority of Bhutan (RMA) Dasho Penjor inaugurated an Indian Rupee (INR) exchange counter at the regional immigration office in Phuentsholing yesterday to facilitate Indian tourists to exchange currency during their stay in Bhutan.

With this facility now, Indian tourists visiting Bhutan can avail exchange facility in INR cash into Ngultrum upon the production of approved permit issued by the Department of Immigration for visiting the country. Also, visitors can exchange their unspent Ngultrum at the counter for INR on their return journey to India upon production of the original exchange memo.

The counter operated by RMA officials will, however, accept only INR denominations of up to 500, according to a RMA official. The two counters will remain open during the week days. The amount limit is equivalent to USD 10,000 each person.

“The counter will facilitate only Indian tourists for their conveniences. Otherwise it’s difficult for them in exchanging currencies,” RMA’s Regional Director Dophu Dorji said.

The visitors opting to exchange, however, need to obtain permit before exchanging the currencies. The officials will provide with exchange memo to re-exchange the unspent amount.

“The officials here will verify and provide the facility on their return journey. Not everyone can avail the facility,” Dophu Dorji said. “For others, RMA has already opened an exchange counter at the regional office in Phuentsholing, where they can exchange currencies. Three counters at the regional office provide the facility to the nationals too.”

Meanwhile, RMA has already opened a cash exchange counter at the Paro International Airport for the convenience of tourists wishing to exchange currencies during their stay in the country. RMA has also plans to open similar counters in other regions in the future.

Indian tourists are now happy with the facility as they can exchange currencies without much hassle.

One of the tourists from India, B.K. Kurmi from Assam said such facility would encourage more tourists to visit Bhutan as it will be more convenient.

“It will help and make convenient for Indian tourists to exchange currencies. Such initiatives are very much necessary,” he added.

Krishna Ghalley from Phuentsholing