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Royal Monetary Authority Of Bhutan
The Royal Monetary Authority of Bhutan ( dz, བྲུག་རྒྱལ་གཞུང་དངུལ་ལས་དབང་འཛིན་) is the central bank of Bhutan and is a member of the Asian Clearing Union. It is also the minting authority for the Bhutanese Ngultrum. The Royal Monetary Authority of Bhutan was established under the Royal Monetary Authority of Bhutan Act of 1982. Subsequently, the Act of 1982 was amended by the Financial Institutions Act of 1992 and replaced in its entirety by the Royal Monetary Authority Act of 2010. History The Royal Monetary Authority was established in 1982. The following year, it took on the responsibilities of issuing Bhutanese currency, managing external reserves, and operating foreign exchanges. In 1988, the Authority assumed the role of government banker, holding the bulk of government deposits and providing financing. With the passage of the Financial Institutions Act of 1992, the substantive framework of the Authority was e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thimphu
Thimphu (; dz, ཐིམ་ཕུག ) is the capital city, capital and largest city of Bhutan. It is situated in the western central part of Bhutan, and the surrounding valley is one of Bhutan's ''dzongkhags'', the Thimphu District. The ancient capital city of Punakha was replaced by Thimphu as capital in 1955, and in 1961 Thimphu was declared as the capital of the Kingdom of Bhutan by the 3rd Druk Gyalpo Jigme Dorji Wangchuck. The city extends in a north–south direction on the west bank of the valley formed by the Wang Chhu, which flows out into India as the Raidāk River. Thimphu is the List of capital cities by altitude, fifth highest capital in the world by altitude and ranges in altitude from to .Brown, p. 97Palin, p. 245 Unusually for a capital city, Thimphu does not have its own airport, instead relying on the Paro Airport (connected by road some away). Thimphu, as the political and Economy of Bhutan, economic center of Bhutan, has a dominant agriculture and livestoc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sonam Choden Wangchuck
Sonam is a given name. It is a Tibetan name meaning "merit" (). Separately, it is also a name in various Indo-Aryan languages (Devanagari script: ). People with this name include: Buddhism * Sönam Choklang, 2nd Panchen Lama (1438–1505) * Sonam Gyatso, 3rd Dalai Lama (1543–1588), first officially recognized Dalai Lama * Sonam Lhundrup (1456–1531), great abbot of Mustang * Sonam Rapten (1595–1658), senior official of the Gelugpa School * Sonam Rinchen (1933–2013), Buddhist Geshe from Kham * Jinpa Sonam (born 1955), Indian Buddhist teacher from Ladakh, director of the Indiana Buddhist center Entertainers * Sonam (actress) (born Bakhtavar Khan, 1972), Indian actress * Sonam Bajwa (born 1989), Indian actress of Punjabi descent * Sonam Bisht (), Indian actress from Uttarakhand * Sonam Kapoor (born 1985), Indian film actress and fashion icon * Sonam Kinga (), Bhutanese actor * Sonam Lamba (born 1995), Indian actress from Chandigarh * Sonam Lhamo (born 1988), Bhutanese actr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1982
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1982 Establishments In Bhutan
__NOTOC__ Year 198 (CXCVIII) was a common year starting on Sunday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sergius and Gallus (or, less frequently, year 951 ''Ab urbe condita''). The denomination 198 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire *January 28 **Publius Septimius Geta, son of Septimius Severus, receives the title of Caesar. **Caracalla, son of Septimius Severus, is given the title of Augustus. China *Winter – Battle of Xiapi: The allied armies led by Cao Cao and Liu Bei defeat Lü Bu; afterward Cao Cao has him executed. By topic Religion * Marcus I succeeds Olympianus as Patriarch of Constantinople (until 211). Births * Lu Kai (or Jingfeng), Chinese official and general (d. 269) * Quan Cong, Chinese general and advisor (d. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Bhutan
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Bhutan
The economy of Bhutan is based on agriculture and forestry, which provide the main livelihood for more than 60% of the population. Agriculture consists largely of subsistence farming and animal husbandry. Rugged mountains dominate the terrain and make the building of roads and other infrastructure difficult. Bhutan is among the richest by gross domestic product (nominal) per capita in South Asia, at $3,491 as of 2022, but it still places 153rd, and among the poorest in the world. The total gross domestic product is only $2,653 million, and 178th according to IMF. Bhutan's economy is closely aligned with India's through strong trade and monetary links and dependence on India's financial assistance. Most production in the industrial sector is of the cottage industry type. Most development projects, such as road construction, rely on Indian migrant labour. Model education, social, and environment programs are underway with support from multilateral development organisations. Eac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alliance For Financial Inclusion
The Alliance for Financial Inclusion, or AFI, is a policy leadership alliance owned and led by member central banks and financial regulatory institutions with the common objective of advancing financial inclusion at the country, regional and international levels. Its members include roughly 100 institutions, being central banks, financial regulatory institutions, and financial inclusion policymakers from nearly 90 developing and emerging economies. AFI partners with regulators in advanced economies, international organizations and private sector leaders to drive practical solutions and facilitate the implementation of impactful policy changes through its cooperative model that embeds peer learning, knowledge exchange and peer transformation. AFI was founded on the idea that a global knowledge exchange platform was key to expanding and improving financial inclusion policies. Over the years, the AFI network – with financial and in-kind contributions from its members, funding fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Inclusion
Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and services. These include banking, loan, equity, and insurance products. Financial inclusion efforts typically target those who are unbanked and underbanked, and directs sustainable financial services to them. Financial inclusion is understood to go beyond merely opening a bank account. It is possible for banked individuals to be excluded from financial services. Having more inclusive financial systems has been linked to stronger and more sustainable economic growth and development and thus achieving financial inclusion has become a priority for many countries across the globe. In 2018, it was estimated that about 1.7 billion adults lacked a bank account. Among those who are un-banked a significant number were women and poor people in rural areas a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bap Kesang
BAP or bap may refer to: Food * Bap (bread), a type of bread roll * Bap (rice dish), a Korean food Music * BAP (Basque band), a hardcore punk group (formed 1984) * BAP (German band), a Colognian rock group (formed 1976) * B.A.P (South Korean band) (2012–2019) * Bap Kennedy (1962–2016), Northern Irish singer-songwriter * Build a Problem, 2021 indie album by Dodie Organizations Political parties * Balochistan Awami Party, Pakistan * Bright Armenia, Armenia Railway companies * Buenos Aires al Pacífico S.A., Argentina (1993–2000) * Buenos Aires and Pacific Railway (BA&P), Argentina (1886–1948) * Butte, Anaconda and Pacific Railway, Montana, US (founded 1891) Other organizations * Basketball Association of the Philippines, defunct sports body (1938–2007) * Beta Alpha Psi, an international honor society * Bankruptcy Appellate Panel, form of American judicial body Places * Bap, Rajasthan, a panchayat village in Jodhpur District, Rajasthan, India ** Bap tehsil, its enclo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kinzang Dorji
''Lyonpo'' Kinzang Dorji (born 19 February 1951) is a two-time former Prime Minister of Bhutan from 2002 to 2003 and again from 2007 to 2008. He was the chairman of Royal Monetary Authority of Bhutan The Royal Monetary Authority of Bhutan ( dz, བྲུག་རྒྱལ་གཞུང་དངུལ་ལས་དབང་འཛིན་) is the central bank of Bhutan and is a member of the Asian Clearing Union. It is also the minting aut ... from 2007 to 2008.https://www.rma.org.bt/RMA%20Publication/Annual%20Report/annual%20report%202008-2009.pdf He was the speaker of the National Assembly from 1997 to 2000. Dorji served as Prime Minister from August 14, 2002 to August 30, 2003. He was Minister of Works and Human Settlement before being sworn in as Prime Minister again, in a caretaker capacity, on August 2, 2007. This followed the resignations of Prime Minister Khandu Wangchuk and other ministers, who intended to stand in the 2008 general election. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
