#Rupee crunch: And now, Assam bans the #ngultrum

Guwahati, Friday, March 23, 2012
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Ban on use of Bhutan currency
Correspondent
RANGIYA, March 22 – After many reports were published on the rampant rise in the use of Bhutanese currency, ‘Ngultrum’ here and at other places, action has been initiated to impose a ban on the use of the foreign currency.

As per reports, the Royal Monetary Authority of Bhutan with the Reserve Bank of India has taken up the matter seriously, particularly the transaction of drafts, which has posed a threat to business. This has led to the initiative to ban Ngultrum use here.

The use of Bhutanese currency was in sharp rise among the businessmen here. The recent move has been welcomed by many, and most them opine that the civil administration should carry out sudden checks in this regard to check the foreign currency use menace on Indian soil.

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