RIPPLES of DEMONETIZATION -We, the creator of our own Mess
' Indian Rupees (INR) are once again being illegally sold across the border. Both Bhutanese and Indian nationals in need of INR are paying between Nu 108-112 for INR 100.' Source: Kuensel (December 26,2016) Ever since the Demonetization of INR 500 and 1000 in India on November 8, Bhutanese people have been bearing the brunt of insufficient INR all these days, and it is going to happen for quite some time. The Royal Monetary Authority receives INR 130 million every week from India, but the figure is still too less. The demand has far exceeded the supply. RMA says that majority of the people coming to exchange INR are those going for pilgrimage in India and Nepal. And due to insufficient INR, RMA has come up with a lucky-dip idea where only limited number of people only gets to exchange. The worst of all, people gets into the Que near RMA's office