| |
Foreign Exchange business is handled by the
Bank at its branches which are specifically authorised to transact
such business. The Bank operates as an authorised dealer of
foreign exchange in Bhutan. The guidelines for handling foreign
exchange transactions are provided by the Royal Monetary Authority.
RMA issues rate lists on daily basis of following specified
foreign currencies.
- U.S. Dollar
- Pound Sterling
- Euro
- Japanese Yen
- Swiss Franc
- Hong Kong Dollar
- Canadian Dollar
- Denish Kroner
- Australlian Dollar
- Singapore Dollar
- The various types of foreign exchange business conducted
by the Bank are indicated below:-
- Sales and encashment of foreign currency notes of specified
currencies.
- Encashment of Foreign Currency Travellers' Cheques.
- Sale of U.S. Dollar Travellers' Cheques.
- Issue and payment of foreign currency Drafts, Mail Transfers
and Electronic Transfers (TTs).
- Purchase/negotiation/collection of personal cheques,
bills, etc. expressed in foreign currency.
- Establishment of import documentary Letters of Credit.
- Maintenance of Foreign Currency Accounts in U.S. Dollars.
- Purchase/negotiation/collection of export documents
under documentary Letters of Credit.
- Cater to the export credit requirements of exporters.
For further information, please contact our nearest branch.
|
|
|