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September 2020 ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Note: We thank all those who have contributed to the information contained in this Bulletin. Vol. XIX, No.9 Department of Macroeconomic Research and Statistics The Monthly Statistical Bulletin contains updates on monetary data and other latest available macroeconomic data. The balance sheets of the financial institutions are classified within the framework of the Monetary and Financial Statistics Manual 2000 of the IMF (i) The statistical tables featured in the quarterly Selected Economic Indicators are now merged with the Monthly Statistical Bulletin and publication of quarterly Selected Economic Indicator has been discontinued from December 2015. (ii) The data featured in the Bulletin are not directly comparable to those produced by the Department of Financial Regulation and Supervision of the RMA

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Page 1: ROYAL MONETARY AUTHORITY OF BHUTAN Publication/MSB/2020/Monthly Statistic… · ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Note: We thank all those who have contributed

September 2020

ROYAL MONETARY AUTHORITY OF BHUTAN

MONTHLY STATISTICAL BULLETIN

Note:

We thank all those who have contributed to the information contained in this Bulletin.

Vol. XIX, No.9

Department of Macroeconomic Research and Statistics

The Monthly Statistical Bulletin contains updates on monetary data and other latest available

macroeconomic data. The balance sheets of the financial institutions are classified within the

framework of the Monetary and Financial Statistics Manual 2000 of the IMF

(i) The statistical tables featured in the quarterly Selected Economic Indicators are now

merged with the Monthly Statistical Bulletin and publication of quarterly Selected Economic

Indicator has been discontinued from December 2015.

(ii) The data featured in the Bulletin are not directly comparable to those produced by the

Department of Financial Regulation and Supervision of the RMA

Page 2: ROYAL MONETARY AUTHORITY OF BHUTAN Publication/MSB/2020/Monthly Statistic… · ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Note: We thank all those who have contributed

Part I: Real Sector Statistics

1 Gross Domestic Product at Current Price

2 Gross Domestic Product in 2000 Prices

3 Quarterly Consumber Price Index and Inflation

4 Monthly Domestic and Imported Inflation

5 Production Price Index and Inflation

6 Indian Wholesale Price Index and Inflation

Part II: External Sector Statistics

7 Gross International Reserves

8 External Debt Indicators

9 Public External Debt by Sector

10 External Debt Servicing by Sector

11 Bhutan's Outstanding External Debt- Fiscal Year Position

12 External Debt Outstanding by Individual Creditor Categories

13 Bhutan's Debt Service Payments by Creditor Category

14 Quarterly Overall Balance of Payments Estimates

15 Quarterly Balance of Payments Estimates with India

16 Quarterly Balance of Pyaments Estimates with Countries other than India

17 Bhutan's International Investment Position

18 Composition of Imports from India

19 Composition of Exports to India

20 Composition of Imports from Countries other than India

21 Composition of Exports to Countries other than India

22 Direction of Trade

23 Tourist Arrivals and Revenue

24 Operations of Major Hydropower Projects

25 Non-Resident Bhutanese Remittances

26 Exchange Rate, Ngultrum/US Dollar

Part III: Monetray and Financial Statistics

27 Foreign Assets of the Commercial Banks

28 Commercial Banks' Reserves

29 Sectoral Credit by the Financial Institutions

30 Deposit Liabilities of Commercial Banks

31 Monetary Survey Components

32 Monetary Survey Counterparts

33 Deposit Money Bank- Assets

34 Deposit Money Bank- Liabilities

35 Bank of Bhutan-Assets

36 Bank of Bhutan-Liabilities

37 Bhutan National Bank-Assets

38 Bhutan National Bank-Liabilities

39 T-Bank-Assets

40 T-Bank-Liabilities

41 Druk PNB-Assets

42 Druk PNB-Liabilities

43 Bhutan Development Bank-Assets

44 Bhutan Development Bank-Liabilities

45 Royal Insurance Corporation of Bhutan-Assets

46 Royal Insurance Corporation of Bhutan-Liabilities

47 Bhutan Insurance Limited-Assets

48 Bhutan Insurance Limited-Liabilities

49 Royal Monetary Authority of Bhutan-Assets

50 Royal Monetary Authority of Bhutan-Liabilities

51 Selected Deposit Rates

52 Selected Lending Rates

53 Selected Interest Rates in India

54 Information on Listed Companies

55 Information on Listed Companies Cont.

56 Current Accounts of Commercial Banks

57 Information on RMA Balancesheet and Currency Management

Part IV: Fiscal Sector Statistics

58 Summary of Budgetary Operations

59 Auctions/TAP Sales of Government T-Bills

Table of Content

Key Highlights

Key Economic Indicators

Page 3: ROYAL MONETARY AUTHORITY OF BHUTAN Publication/MSB/2020/Monthly Statistic… · ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Note: We thank all those who have contributed

5.86.6

8.1

4.7

3.0

0

2

4

6

8

10

0

40

80

120

160

200

2014 2015 2016 2017 2018

Nu.

in B

illio

n

Nominal GDP Real GDP Growth (%)

14.5 14.4 14.4 15.0 15.9

43.4 41.7 42.5 42.5 41.8

42.5 43.8 43.1 43.1 43.1

2014 2015 2016 2017 2018

Sectoral Share of GDP-Production

Agricutlure Industry Services

11.3 10.6 8.63.7 1.3

-20

-10

0

10

20

30

40

50

2014 2015 2016 2017 2018

in p

erce

nt

Domestic Demand Growth

Public Consumption Private ConsumptionPublic Investment Private InvestmentDomestic Demand

0.01.02.03.04.05.06.07.08.09.0

10.0

Jan

-19

Fe

b-1

9

Ma

r-1

9

Ap

r-1

9

Ma

y-1

9

Jun

-19

Jul-

19

Au

g-1

9

Se

p-1

9

Oct

-19

No

v-1

9

De

c-1

9

Jan

-20

Fe

b-2

0

Ma

r-2

0

Ap

r-2

0

Ma

y-2

0

Jun

-20

Consumer Price Inflation

All items Food Non-food

0.0

2.0

4.0

6.0

8.0

10.0

Core Inflation (Y-o-Y)

Headline Inflation Core Inflation (excluding food & fuel)

Food & Fuel Inflatin

(7.5)(4.2)(2.4)(1.2)(0.5)

3.0

15.3

24.6

14.5

27.2

15.2

29.9 29.5 26.2

-10

0

10

20

30

40

0

400

800

1,200

1,600

May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

2020

US

D in

Mill

ion

Gross International Reserves

Convertible Currency Total Reserves

YoY-% Change in Reserve

12.9 12.9 13.013.8 14.0 14.2 14.8 15.3 15.3

16.9 16.7 17.117.9 17.9

10.5 10.3 10.311.0 11.2 11.7 11.8 12.2 12.2

13.5 13.3 13.614.3 14.2

0

2

4

6

8

10

12

14

16

18

20

May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

2020

Months of Imports

Months of Merchandise Imports Months of Imports (Merchandise + Services)

69.468.8

71.1 71.3 71.0 71.4 71.2 71.3 71.5

74.3

76.275.7 75.7

75.0

65.066.067.068.069.070.071.072.073.074.075.076.077.0

Exchange Rate, Nu/USD- Period Average

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Mar' 19 Jun' 19 Sept' 19 Dec' 19 Mar' 20 Jun' 20U

SD

in M

illio

n

Outstanding External Debt

Rupee Debt Convertible Currency Debt Total Debt

20 20 19

17 17 17 16 1615

1413

1412

0

5

10

15

20

25

120

130

140

150

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

2020

Nu.

in B

illio

n

Total Credit by the FIs

Total Credit Growth Rate

5.6

2.3

8.37.0 7.3 7.3

12.5

19.5

16.0 16.1 17.018.1

19.2

0

5

10

15

20

25

0

20

40

60

80

100

120

140

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

2020

Nu.

in B

illio

n

Deposits

Demand Deposits Time Deposits Growth Rate (%)

-20

-10

0

10

20

30

FY18/19: Q2

FY18/19: Q3

FY18/19: Q4

FY19/20: Q1

FY19/20: Q2

FY19/20: Q3

Nul

in B

illio

n

Export Import Trade Balance

(15.00)

(10.00)

(5.00)

-

FY18/19: Q2

FY18/19: Q3

FY18/19: Q4

FY19/20: Q1

FY19/20: Q2

FY19/20: Q3

Nu.

in B

illio

n

Current Account Balance

Overall With India

11.5%12.4%

10.4%

16.0% 16.5%

18.4%

10.9%

19.5%

16.5%

0

0

0

0

0

0

0

5

10

15

20

25

30

35

Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20

Nu.

in B

illio

n

Total Non-Performing Loan & NPL Ratio

Total NPL NPL (%)

5.62.6

8.1 7.4 7.6 7.8

13.1

18.915.7 15.8 16.8

19.4 19.3

-20

-10

0

10

20

30

40

y-o

-y G

row

th in

Per

cent

Growth in M2 & its Counterparts

Series2 Series3 Series4 Series1

36.2

42.0 42.7

52.1

40.7

34.3

43.648.0

52.7

39.8

-

10

20

30

40

50

60

2014/15 2015/16 2016/17 2017/18 2018/19 (r)

Nu.

in B

Illio

n

Revenue and Outlay

Revenue & Grants Outlay

34.8% 34.4% 35.3%

23.8%

0

0

0

0

0

0

0

0

0

0

5

10

15

20

25

30

35

2015/16 2016/17 2017/18 2018/19 (r)

Nu.

in B

illio

n

Government Expenditure

Current Exp Capital Exp Total Expenditure (%GDP)

-6,000

-5,000

-4,000

-3,000

-2,000

-1,000

0

1,000

2,000

3,000

4,000

2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 (r)

Nu.

in M

illio

n

Fiscal Balance

Real Sector

External Sector

Monetary Sector

Fiscal Sector

Agriculture, 6,630

Service and Tourism, 39,620

Building & Construction,

39,728

Trade & Commerce,

17,914

Transport, 6,280

Personal Loans, 14,280

Credit by Sectors-As on June-20

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Indicator 2014/15 2015/16 2016/17 2017/18 2018/19

GDP Growth and Prices (percent change)

GDP at Constant (2000) Price (a), (b) 5.78 6.64 8.13 4.65 3.03

Consumer Prices - June end (b) 4.80 3.60 4.90 2.57 2.70

Government Budget (in millions of Nu.) (d)

Total Revenue and Grants 36,231.05 42,039.30 42,673.13 52,113.17 42,949.11

of which: Foreign Grants 9,955.02 14,889.61 12,986.75 14,847.07 8,262.86

Total Expenditure* 36,475.85 44,688.45 48,017.99 56,331.36 46,724.85

of which: Current Expenditure 21,032.04 22,880.59 24,129.59 27,494.71 29,105.46

Overall Balance 1,896.79 (1,563.70) (5,344.86) (545.50) (3,775.47)

(in percent of GDP) 1.59 (1.22) (3.68) (0.34) (1.96)

Money and Credit (percent change, end of period)

Broad Money, M2 7.82 15.83 31.52 10.43 5.60

Credit to Private Sector 14.01 14.67 15.39 15.69 20.54

Interest Rates (end of period)

One Year Deposits 4.0-7.0 4.0-6.5 5.0-6.0 5.0-5.75 4.75-6.50

Lending Rate 11.7-17.0 11.7-15.0 8.0-14.0 9.9-13.0 7.94-14.0

91-day RMA Bills/ Treasury Bills 0.13 5.50 0.65 2.52 4.26

Balance of Payments (in millions of Nu.)

Trade Balance(Goods) (26,693.29) (35,519.10) (31,350.00) (27,956.20) (28,384.80)

With India (18,993.66) (28,878.42) (24,303.76) (25,478.95) (26,368.82)

Current Account Balance (34,177.20) (41,436.10) (36,371.60) (30,215.68) (39,677.40)

(In percent of GDP) (28.59) (32.24) (25.07) (19.50) (23.71)

With India (28,711.54) (38,293.27) (34,013.45) (34,093.81) (38,922.71)

(In percent of GDP) (24.02) (29.79) (23.45) (21.37) (23.26)

RGOB Loans 17,838.32 30,052.75 13,078.38 18,530.58 (8,218.19)

Of which: India 16,600.36 28,574.07 10,093.09 16,051.33 (8,451.55)

Errors and Omissions (1,505.30) (1,944.50) 6,690.40 (8,322.34) 10,464.90

Overall Balance (570.80) 12,584.50 (1,565.30) 4,857.20 621.90

(In percent of GDP) (0.48) 9.79 (1.08) 3.04 0.37

External Indicators (end of period)

Gross Official Reserves in millions of USD 958.45 1,118.77 1,103.76 1,111.28 1,064.77

Reseves in months of merchandise imports 11.71 12.92 12.52 13.61 12.94

External Debt outstanding (USD millions) 1,854.58 2,315.59 2,505.43 2,642.07 2,728.44

External Debt (percent of GDP) 98.91 118.60 108.64 110.05 112.40

CC debt outstanding (USD millions) 581.21 609.00 663.22 699.82 720.12

CC debt (percent of GDP) 31.84 32.04 29.47 30.07 29.66

Rupee debt outstanding (INR millions) 81,183.64 115,393.81 118,770.09 133,190.70 138,409.37

Rupee debt (percent of GDP) 67.91 89.78 81.87 83.47 82.72

Debt-Service Ratio (e) 19.75 14.46 24.77 23.40 37.13

Memorandum Items

(in millions of Nu. unless otherwise indicated)

Nominal GDP (a), (b) 119,545.75 128,534.63 145,072.86 159,571.70 167,326.82

Ngultrum per USD (fiscal year average) 62.05 66.32 66.43 65.09 70.58

Money Supply, M2 (end of period) 68,344.29 79,162.74 104,113.59 114,973.69 121,416.73

Money Supply, M1 (end of period) 41,675.50 44,933.63 60,723.28 66,295.05 69,203.36

Counterparts

Foreign Assets (Net) 58,248.74 67,815.59 68,186.68 66,006.28 63,920.59

Domestic Credit 56,255.12 65,692.70 85,084.84 100,320.53 113,488.24

Claims on Private Sector 56,820.54 65,157.15 75,185.09 86,985.09 104,850.51

Components

Currency Outside Banks 5,946.06 6,101.73 8,787.66 9,234.04 9,744.09

Transferable Deposits 35,729.44 38,831.90 51,935.62 57,061.00 59,459.27

Other Deposits 26,668.79 34,229.10 43,390.31 48,678.64 52,213.37

Reserve Money, M0 (end of period) 26,248.81 27,802.92 34,327.86 33,469.76 31,973.92

Currency Issued

of which: Banks' Deposits 16,916.62 18,131.99 22,798.89 24,235.71 18,923.65

Money Multiplier (M2/M0) 2.60 2.85 3.03 3.44 3.80

Income Velocity (GDP/M2) 1.75 1.62 1.39 1.39 1.38

Unemployment Rate (a) 2.60 2.50 2.10 2.40 3.40

a) On a calendar year basis (eg: entry under 2015/16 is for 2015). b) Source: National Statistics Bureau c) Source: Reserve Bank of India. Effective April 2011, the RBI

has revised the base year from 2004-05 to 2011-12, creating a break in the continuity and comparison of data. The newly-calculated WPI commences from the month

of April 2011 onwards. . d) Data for 2017/18 are revised estimates. e) Debt service payments in percent of exports of goods and services.

* Total expenditure includes net lending and other payments.

KEY ECONOMIC INDICATORS OF BHUTAN

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Ngultrum in Million

2014 2015 2016 2017 2018

1. Agriculture, livestock and forestry 16,893.19 18,556.38 20,882.68 23,989.40 26,585.80 15.89

1.1 Crops 8,871.82 9,914.62 11,101.64 12,922.58 14,101.50 8.43

1.2 Livestock 4,869.27 5,210.04 5,789.16 7,050.34 7,463.70 4.46

1.3 Forestry and logging 3,152.09 3,431.72 3,991.88 4,016.48 5,020.59 3.00

2. Mining and quarrying * 3,376.43 4,484.27 6,455.09 6,954.64 8,137.83 4.86

3. Manufacturing 9,705.14 10,543.50 11,085.11 11,979.55 12,596.67 7.53

4. Electricity and water 16,917.83 18,933.11 19,909.45 21,766.87 19,602.81 11.72

5. Construction 18,479.70 20,649.74 24,280.51 26,068.46 23,753.15 14.20

6. Wholesale and retail trade 8,471.66 10,233.35 11,798.32 13,460.01 15,042.09 8.99

7. Hotels and restaurants 2,045.91 2,485.70 2,863.56 3,476.78 4,039.76 2.41

8. Transport, storage and communication 11,508.69 11,892.66 13,157.69 15,119.47 16,720.11 9.99

9. Financing, insurance and real estate 9,048.88 9,746.42 10,892.39 11,667.34 12,988.13 7.76

9.1 Finance 6,461.22 6,905.29 7,574.04 7,945.71 9,018.51 5.39

9.2 Real estate 2,489.76 2,738.74 3,176.94 3,408.28 3,593.13 2.15

9.3 Business services 97.89 102.39 141.41 313.35 376.49 0.23

10. Community, social and personal services 12,953.67 14,776.46 16,352.59 16,347.80 17,341.58 10.36

10.1 Public Administration 8,079.11 10,051.00 11,209.69 11,630.59 11,761.29 7.03

10.2 Education and health 4,874.55 4,725.47 5,142.90 4,717.21 5,580.29 3.33

11. Private social, personal and recreational services 471.81 503.70 532.45 654.69 679.21 0.41

12. Plus indirect taxes less subsidies 6,515.65 5,729.34 6,863.02 8,086.67 9,839.68 5.88

Gross Domestic Product 116,388.56 128,534.63 145,072.86 159,571.70 167,326.82 100.00

Nominal GDP Growth Rate (%) 10.45 10.44 12.87 9.99 4.86

GROSS DOMESTIC PRODUCT AT CURRENT PRICES

SectorYear Share of GDP

in 2018 (%)

Source: National Accounts Statistics, 2018, National Statistics Bureau. Discrepancies in the figures are due to rounding.

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Ngultrum in Million

2014 2015 2016 2017 2018

1. Agriculture, livestock and forestry 6,227.79 6,518.00 6,793.38 6,993.67 7,298.68 4.36

1.1 Crops 2,589.69 2,765.33 2,994.35 3,182.90 3,340.29 4.94

1.2 Livestock 2,052.41 2,111.32 2,246.31 2,345.45 2,507.86 6.92

1.3 Forestry and logging 1,585.69 1,641.35 1,552.73 1,465.32 1,450.52 -1.01

2. Mining and quarrying* 1,524.82 1,728.88 1,927.27 2,062.29 2,836.92 37.56

3. Manufacturing 5,098.82 5,323.89 5,452.90 5,805.02 6,019.67 3.70

4. Electricity and water 9,495.01 10,200.17 10,478.90 10,079.84 8,578.92 -14.89

5. Construction 7,963.34 8,807.57 10,009.16 10,630.92 9,781.71 -7.99

6. Wholesale and retail trade 4,317.04 4,866.06 5,463.64 6,032.45 6,646.86 10.18

7. Hotels and restaurants 780.65 906.70 1,011.06 1,164.78 1,287.21 10.51

8. Transport, storage and communication 5,425.06 5,905.80 6,409.82 7,265.13 8,057.23 10.90

9. Financing, insurance and real estate 4,751.27 5,016.40 5,553.21 5,755.46 6,429.75 11.72

9.1 Finance 3,765.64 3,998.28 4,400.51 4,525.81 5,136.69 13.50

9.2 Real estate 942.38 973.87 1,094.41 1,106.59 1,149.14 3.85

9.3 Business services 43.26 44.26 58.29 123.06 143.93 16.96

10. Community, social and personal services 5,885.01 6,275.95 6,797.76 6,680.80 6,924.65 3.65

10.1 Public administration 3,574.51 4,178.07 4,621.39 4,635.27 4,564.24 -1.53

10.2 Education and health 2,310.49 2,097.89 2,176.37 2,045.53 2,360.41 15.39

11. Private social, personal and recreational services 214.78 221.13 229.49 277.08 281.35 1.54

12. Plus indirect taxes less subsidies 3,023.75 2,570.56 2,955.97 3,269.58 3,872.86 18.45

Gross Domestic Product 54,707.35 58,341.14 63,082.56 66,017.05 68,015.79 3.03

Real GDP Growth Rate (%) 3.99 6.64 8.13 4.65 3.03

GROSS DOMESTIC PRODUCT IN 2000 PRICES

Year Growth: 2017 to

2018 (%)

Source: National Accounts Statistics, 2018, National Statistics Bureau. Discrepancies in the figures are due to rounding.

Sector

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Second Quarter of 2019 = 100

Item Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

Food 124.60 84.53 85.07 86.6388.80 90.29 91.58 92.81 94.81 96.45 96.51 96.32 98.43 99.51 99.52 99.84 102.16 104.43 108.46

Non-food 121.85 92.44 92.94 93.39 94.78 96.38 96.66 97.03 96.79 96.80 97.39 98.29 99.34 99.66 100.07 100.44 100.44 100.54 100.77

Total 122.94 89.20 89.71 90.6392.34 93.90 94.60 95.32 95.99 96.66 97.04 97.49 98.97 99.60 100.06 100.16 101.23 102.31 104.23

Food 2.75 2.91 3.54 3.88 5.06 6.82 7.66 7.13 6.76 6.82 5.37 3.78 3.82 3.18 3.13 3.65 3.80 4.94 8.98

Non-food 4.06 3.11 3.16 2.12 2.83 4.26 4.01 3.90 2.13 0.44 0.75 1.30 2.63 2.94 2.74 2.19 1.11 0.89 0.70

Total 3.53 3.03 3.31 2.82 3.71 5.27 5.45 5.18 3.96 2.94 2.57 2.28 3.10 3.04 2.86 2.74 2.28 2.72 4.42

PPN 0.81 0.81 0.81 0.80 0.78 0.77 0.77 0.76 0.75 0.75 0.75 0.74 0.73 0.73 0.72 0.72 0.72 0.69 0.68

2017

Source: National Statistics Bureau. -1) 2003 Household Income and Expenditure Survey; includes rent. 2. Base year used for PPN Q2, 2013 is of December 2012 and the figures represented is month-on-

month. 3.The CPI reflected in this table is for the quarter is period average. As of April, 2019 the NSB has increased the weight of food in the CPI from 39.9% to 45.9% and correspondingly decreased the

weight for non-food from 60.1% to 54.1%.

Consumer Price Index: Period Average

Period

2020

Percentage change on the previous year

Index

201920182015 2016

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Nov Dec Jan Feb Mar Apr May Jun Nov Dec Nov Dec Jan Feb Mar Apr May Jun

Food 22.0 101.4 102.4 103.0 103.9 107.2 111.7 109.1 107.5 3.8 4.3 4.5 3.4 4.0 5.0 8.0 11.7 10.5 9.4

Non-food 23.1 100.3 100.3 100.5 100.7 100.7 101.5 101.5 100.6 0.0 1.1 3.4 2.5 2.2 1.3 1.3 1.2 0.6 0.8

Total 45.1 100.8 101.3 101.7 102.2 103.8 106.4 105.2 103.9 2.7 3.2 2.6 2.3 2.1 2.7 4.2 6.4 5.8 4.7Source : National Statistics Bureau, Bhutan

Nov Dec Jan Feb Mar Apr May Jun Nov Dec Nov Dec Jan Feb Mar Apr May Jun

Food 23.9 103.0 103.6 103.8 103.7 105.0 107.0 107.3 108.4 3.4 3.6 3.8 3.5 3.9 3.8 5.2 7.0 7.2 8.5

Non-food 31.0 100.5 100.6 100.8 100.5 100.2 100.2 99.8 101.4 3.5 2.7 0.8 1.4 1.8 1.0 0.5 0.2 -0.4 1.3

Total 54.9 101.6 101.9 102.1 101.9 102.3 103.1 103.0 104.4 3.5 3.0 2.1 2.3 2.7 2.2 2.5 3.1 2.9 4.4

Year-on-Year Index and Percentage Change: Domestic

Percentage change (%)

2020

Table 37.2: Year-on-Year Index and Percentage Change: Imported

Percentage change (%)

April 2019 = 100

April 2019 = 100

Index

ItemWeight in

percent %

2020

2019

2019 2019 2018

Index

2019 2018 2020

2020

Source: National Statistics Bureau, Bhutan

ItemWeight in

percent %

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Jan-19 Feb-19 Mar-19 Dec-19 Jan-20 Feb-20 Mar-20 Dec-19 Jan-20 Feb-20 Mar-20 Jan-20 Feb-20 Mar-20All Industry 100.00 123.53 122.83 122.57 120.07 121.76 124.25 124.88 0.88 1.40 2.04 0.51 -1.43 1.15 1.89

Logging 0.72 134.79 134.79 134.79 134.79 134.79 134.79 134.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Mining and quarrying 5.81 125.99 125.72 125.43 126.57 126.57 126.57 126.57 0.00 0.00 0.00 0.00 0.47 0.68 0.91

Manufacturing 47.66 125.76 124.28 123.86 118.36 121.86 127.14 128.30 1.86 2.96 4.33 0.92 -3.10 2.29 3.58

Electricity, gas, steam and air conditioning supply 35.35 124.16 124.16 124.16 124.16 124.16 124.16 124.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Transport 5.91 128.60 128.83 127.95 129.17 129.24 129.32 131.00 -0.09 0.05 0.06 1.29 0.50 0.38 2.38Information and communication 4.47 89.57 89.57 89.57 89.57 89.57 89.57 89.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Jan-19 Feb-19 Mar-19 Dec-19 Jan-20 Feb-20 Mar-20 Dec-19 Jan-20 Feb-20 Mar-20 Jan-20 Feb-20 Mar-20All Products 100.00 123.53 122.83 122.57 120.07 121.76 124.25 124.88 0.88 1.40 2.04 0.51 -1.43 1.15 1.89

Logging 0.72 134.79 134.79 134.79 134.79 134.79 134.79 34.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Ores and minerals; electricity, gas and water 5.81 125.99 125.72 125.43 126.57 126.57 126.57 126.57 0.00 0.00 0.00 0.00 0.47 0.68 0.91

114.21 14.48 114.48 14.50 0.00 0.24 -0.01 0.02 0.67 0.66 0.68

118.28 118.78 119.10 120.09 -0.81 0.42 0.27 0.82 1.18 2.01 2.59

Metal products, machinery and equipment 28.75 132.10 129.92 129.01 118.93 124.50 133.37 134.80 3.56 4.68 7.12 1.08 -5.76 2.65 4.49

-0.01 0.01 0.01 0.18 0.07 0.05 0.34

Business and production services 4.47 89.57 89.57 89.57 89.57 89.57 89.57 89.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Table 39: Annual and Monthly PPI Inflation by Product

Description Share (%)Index level (September 2011=100) Monthly Inflation (%) Annual Inflation (%)

Source: National Statistics Bureau. (Note: An entry of "0.0" indicates a marginal value compared to "-" which indicates no value for that particular item)

124.75 24.78 124.66 124.83 124.84 124.85 125.08

Distributive trade services; accommodation, food and

beverage serving services; transport services; and

electricity, gas and water distribution services

41.34

117.40 116.76 117.06

Other transportable goods, except metal products,

machinery and equipment 15.36

Food products, beverages and tobacco; textiles,

apparel and leather products 3.56 113.72 113.73 11.73

Annual and Monthly PPI and Inflation by Industry

SectorsWeights

(%)

Index level (September 2011=100) Monthly Inflation (%) Annual Inflation (%)

Water supply; sewerage, waste management and

remediation activities

109.39 109.39 109.39 109.39 109.39 109.39 109.39

Source: National Statistics Bureau. (Note: An entry of "0.0" indicates a marginal value compared to "-" which indicates no value for that particular item)

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2011-12 =100

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Jan 112.30 117.30 124.20 134.80 147.40 100.00 108.00 113.60 110.80 108.00 112.60 115.80 119.20 123.40

Feb 112.40 118.80 122.90 134.80 146.00 100.00 108.40 113.60 109.60 107.10 113.00 116.10 119.50 122.20

Mar 112.70 121.40 123.20 135.80 148.00 100.00 108.60 114.30 109.90 107.70 113.20 116.00 120.00 120.40

Apr 114.40 123.50 124.60 138.30 100.00 104.70 108.60 114.10 110.20 109.00 113.20 116.80 120.90 119.20

May 114.60 124.00 125.50 138.80 100.00 105.30 108.60 114.80 111.40 110.40 112.90 117.90 121.20 117.70

Jun 114.80 127.30 126.40 139.40 100.00 105.30 110.10 115.20 111.80 111.70 112.70 119.10 121.50 119.30

Jul 115.60 128.60 127.80 140.60 100.00 106.20 111.20 116.70 111.10 111.80 113.90 119.70 121.20

Aug 115.90 128.90 129.30 140.70 100.00 106.90 112.90 117.20 110.00 111.20 114.80 120.00 121.40

Sep 116.00 128.50 129.90 141.50 100.00 107.60 114.30 116.40 109.90 111.40 114.30 120.80 121.30

Oct 116.30 128.60 130.50 142.40 100.00 107.40 114.60 115.60 110.10 111.50 115.50 122.00 122.00

Nov 116.70 126.70 132.40 100.00 107.30 114.30 114.10 109.90 111.90 116.30 121.80 122.30

Dec 116.60 124.30 132.90 145.40 100.00 107.10 113.40 112.10 109.40 111.70 115.70 120.10 123.00

Jan 6.75 4.45 5.88 8.53 9.35 -32.16 8.00 5.19 -2.46 -2.53 4.26 2.84 2.94 3.52

Feb 6.64 5.69 3.45 9.68 8.31 -31.51 8.40 4.80 -3.52 -2.28 5.51 2.74 2.93 2.26

Mar 6.82 7.72 1.48 10.23 8.98 -32.43 8.60 5.25 -3.85 -2.00 5.11 2.47 3.18 0.42

Apr 6.32 7.95 0.89 11.00 -27.69 4.70 3.72 5.06 -3.42 -1.09 3.85 3.18 3.07 -1.57

May 5.62 8.20 1.21 10.60 -27.95 5.30 3.13 5.71 -2.96 -0.90 2.26 4.43 2.80 -3.21

Jun 4.65 10.89 -0.71 10.28 -28.26 5.30 4.56 4.63 -2.95 -0.09 0.90 5.68 2.02 -1.81

Jul 4.52 11.25 -0.62 10.02 -28.88 6.20 4.71 4.95 -4.80 0.63 1.88 5.09 1.25

Aug 4.13 11.22 0.31 8.82 -28.93 6.90 5.61 3.81 -6.14 1.09 3.24 4.53 1.08

Sep 3.57 10.78 1.09 8.93 -29.33 7.60 6.23 1.84 -5.58 1.36 2.60 5.69 0.41

Oct 3.38 10.58 1.48 9.12 -29.78 7.40 6.70 0.87 -4.76 1.27 3.59 5.63 0.00

Nov 3.83 8.57 4.50 8.08 -30.12 7.30 6.52 -0.17 -3.68 1.82 3.93 4.64 0.41

Dec 4.01 6.60 6.92 9.41 -31.22 7.10 5.88 -1.15 -2.41 2.10 3.58 3.80 2.76

INDIAN WHOLESALE PRICE INDEX OF ALL COMMODITIES

Period

Source: Reserve Bank of India. Effective April 2011, the RBI has revised the base year from 2004-05 to 2011-12, creating a break in the continuity and

comparison of data. The newly-calculated WPI commences from the month of April 2011 onwards.

Year

Index

Percentage change on the Previous year

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Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun(p)

1. Rupee Reserves (INR in Million) 15,261.08 13,169.62 17,631.94 18,099.69 17,486.54 17,668.64 18,376.72 18,054.90 21,023.92 27,820.63 24,706.43 25,317.77 24,580.23 23,713.64

Royal Monetary Authority of Bhutan 13,787.37 11,477.97 15,990.80 16,303.03 15,518.24 15,974.56 16,720.37 16,219.06 19,492.25 26,001.82 22,752.12 23,760.43 23,016.25 22,011.64

Bank of Bhutan Limited 608.72 644.60 522.41 659.23 502.41 563.03 745.87 565.57 397.70 771.08 646.15 455.48 386.95 523.41

Bhutan National Bank Limited 440.43 414.67 292.44 209.63 338.07 244.10 172.60 294.84 326.49 309.34 345.31 321.83 330.47 379.27

T Bank Limited 240.42 263.77 501.63 563.20 666.01 599.75 544.94 623.03 566.32 495.19 591.90 571.11 581.39 550.41

Druk PNB Limited 161.67 352.84 314.56 351.86 452.17 272.41 179.56 342.68 230.03 232.68 367.51 205.33 262.04 238.94

Bhutan Development Bank Limited 22.47 15.77 10.11 12.75 9.64 14.79 13.38 9.72 11.13 10.53 3.45 3.58 3.13 9.97

2. Convertible Currency Reserves (USD in Million) 798.61 785.82 812.10 842.08 877.84 887.91 915.59 960.52 922.99 944.01 928.12 950.53 1,018.65 1,029.54

Royal Monetary Authority of Bhutan (1)

748.63 745.06 774.39 791.14 826.18 837.40 855.51 908.13 868.05 876.55 878.34 905.73 976.41 982.53

Bank of Bhutan Limited 23.33 23.74 23.47 34.95 26.14 29.63 37.25 29.67 30.69 34.43 22.50 16.92 17.00 21.64

Bhutan National Bank Limited 17.29 9.46 2.55 4.57 4.86 11.16 8.62 3.11 2.00 13.57 6.79 6.92 2.24 -0.51

T Bank Limited 6.09 3.44 4.78 5.05 4.59 5.05 9.03 8.81 11.66 8.04 9.14 9.66 12.08 15.54

Druk PNB Limited 1.98 2.84 5.48 4.84 14.56 3.14 3.65 6.37 5.59 5.54 5.18 5.01 4.63 3.62

DHI 1.28 1.28 1.43 1.53 1.53 1.53 1.53 4.43 5.00 5.88 6.17 6.30 6.30 6.73

3.Total Reserves (USD in Million) (1+2) 1,017.70 974.02 1,068.17 1,094.31 1,125.23 1,136.79 1,173.10 1,213.58 1,216.99 1,329.40 1,255.85 1,287.58 1,343.63 1,343.52

4. Exchange rates used 69.66 69.98 68.86 71.76 70.69 70.99 71.36 71.34 71.51 72.19 75.39 75.12 75.64 75.53

5. Months of Merchandise Imports (2)

Total Reserves 12.66 12.17 12.97 13.85 14.03 14.23 14.76 15.27 15.35 16.92 16.70 17.06 17.92 17.89

Rupee Reserves 3.20 2.76 3.62 3.72 3.59 3.63 3.78 3.71 4.32 5.72 5.08 5.20 5.05 4.87

Convertible Currency Reserves 66.60 65.84 69.68 75.29 77.32 78.54 81.42 85.39 82.24 84.92 87.18 88.97 96.01 96.89

6. Months of Imports (Merchandise + Services) (2)

Total Reserves 10.24 9.84 10.32 11.02 11.16 11.67 11.75 12.15 12.22 13.47 13.29 13.58 14.26 14.24

Rupee Reserves 2.85 2.46 3.20 3.28 3.17 3.27 3.33 3.28 3.82 5.05 4.48 4.59 4.46 4.30

Convertible Currency Reserves 35.38 34.98 34.64 37.44 38.44 41.54 40.48 42.46 40.89 42.22 43.35 44.24 47.74 48.18

(*) Excludes cash in hand of commercial banks.

Figures have been revised from March 2017

2020

GROSS INTERNATIONAL RESERVES (*)

20192018Item

(1) Convertible currency reserves of RMA have been revised in 2013 to exclude the US dollar pledge on any outstanding overdraft as of each reference period. Reserves also exclude (from July 2007 onwards) the local currency component of Bhutan's IMF Quota and the Kuwait Fund

Investment; (2)

Imports on fob basis. Figures differ from previous publications due to revision in import figures - data for 2015/16 onwards are based on provisional import figures for 2015/16 and are subject to change.

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Total Outstanding (USD millions) 1,854.6 2,315.59 2,505.43 2,642.07 2,535.56 2,504.02 2,657.35 2,728.44 2,728.44 2,710.85 2,740.89 2,748.84 2,872.65 2,872.65

Convertible Currency (USD millions) 581.2 609.00 663.22 699.82 694.52 681.99 684.51 720.12 720.12 722.36 760.72 752.25 830.76 830.76

Indian Rupee (in millions) 81,183.6 115,393.81 118,770.09 133,190.70 133,563.14 127,502.77 136,463.87 138,409.37 138,409.37 140,556.72 141,274.80 150,514.87 154,218.05 154,218.05

Debt/GDP ratio *

Total 98.9 118.60 108.64 110.05 111.74 106.44 111.65 114.22 112.38 103.31 105.43 111.72 116.97 116.97

Convertible Currency loan 31.0 31.19 28.76 29.15 30.61 28.99 28.76 30.15 29.66 27.53 29.26 30.57 33.83 33.83

Indian Rupee loan 67.9 87.41 79.88 80.90 81.13 77.45 82.89 84.07 82.72 75.78 76.17 81.15 83.15 83.15

Debt service ratio ** (including OD)

Total 19.8 14.46 24.77 23.40 1.37 18.84 1.38 15.83 34.86 2.92 47.09 60.49 10.42 31.83

Convertible Currency loan 16.6 20.84 16.72 15.98 3.52 9.19 3.41 4.89 18.75 10.74 15.35 23.02 30.39 30.39

Indian Rupee loan 20.7 12.58 27.45 26.39 0.50 22.73 0.57 20.23 42.29 1.29 62.18 96.74 3.57 3.57

Debt service ratio (excluding OD) 19.8 14.46 24.77 23.40 1.37 18.84 1.38 15.83 34.86 2.92 47.09 60.49 10.42 10.42

GDP 119,545.8 132,021.30 148,678.93 164,627.92 164,627.92 164,627.92 164,627.92 164,628.92 167,326.82 185,479.53 185,479.53 197,548.44 197,548.44 197,549.44

Dec '192018/19Dec'18Sep' 18 Sep '19Jun '192014/15 2015/16External Debt Indicators Jun '20 2019/20

External Debt Indicators

* Based on calendar year GDP figures. Example, the 2014 GDP figure is used to calculate the ratio for 2014/15.

** Debt service payments as a percent of the export of goods and services. The total debt service ratio represents the total debt service payments (i.e. on convertible currency & Rupee loans) as a percentage of the total export earnings (from India &

other countries). Convertible currency debt service ratio is the debt servicing on convertible currency loans as a percentage of the export earnings from countries other than India. Similarly, the Indian Rupee debt service ratio is the debt servicing on

Indian Rupee loans as a percentage of the export earnings from India. The debt service ratio for the latest period is calculated based on the previous year's export of goods and services.

Mar'202017/182016/17 Mar'19

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In millions of USD & Indian Rupees

Sector Creditor USD Rupee USD Rupee USD Rupee USD Rupee USD RupeeI. Concessional and Publicly Guaranteed Debt

Agriculture & Forestry 1.1 - 0.3 0.7 2.1

Agri. Marketing & Entp. Promotion Program IFAD - - - - - Market Access & Growth Intensification Project IFAD - - - - - Strg. Regional Cooperation for Wildlife Protection in Asia World Bank - - - - - Commercial Agriculture & Resilient livelihoods Enchancement Programme new IFAD 1.1 - 0.3 0.7 2.1

Education - - - - -

Education Development Proj. World Bank - - - - -

Financial Sector - 30.0 - - 30.0

Financial Sector Dev. Program (b) ADB - - - - - Financial Sector Dev. Proj. ADB - - - - -

Transport & ICT 13.0 0.5 0.0 0.7 14.2

Road Network Project ADB - - - - - SASEC Road Connectivity Project Loan ADB - - - - - SASECTransport, Trade Facilitation & Logistics(Loan) ADB 0.0 0.5 0.0 0.7 1.2

Multi Sector 1.2 1.6 2.0 78.0 82.8

Urban Infrastructure Dev. Proj. ADB - - - - - Decentralized Rural Dev. Project World Bank - - - - - Second Urban Development Proj.(II) World Bank - - 0.0 - 0.0 First Development Policy Credit World Bank - - - - - Second Development Policy Credit World Bank - - - - - Remote Rural Communities Dev. Proj. World Bank - - - - - Urban Infrastructure Project ADB 0.4 1.3 0.2 0.9 2.9 SASEC Trade Facilitation Prog. ADB - - - - - Strengthening Economic Management Program ADB - - - - - Additonal Financing for UDP II World Bank - - 0.0 - 0.0 Strengthening Economic Management Program II(loan)new ADB - - - - - Fiscal Sustainability & investment climate Dev. Policy Financing World Bank - - - - - DPC II Fiscal Sustainibility & Investment Climate World Bank - - - - - Strengthening Fiscal Management & Pvt Sector Employment DCP I World Bank - - - - - Strengthening Fiscal Management & Pvt Sector Employment DCP II World Bank - - - - - P/ling Township Devt Project (loan) Amochu ADB 0.0 0.1 0.2 0.3 Secondary Towns Urban Development ADB 0.8 0.2 1.5 - 2.5 COVID-19 Active Response & Expenditure Support ADB 20.0 COVID -19 Emergency Response IDA 1.8 Third Strengthening fiscal Mgmt & Pvt Sec Employment Opp IDA 40.0 Developing Plicy Fibnacing woth Catastrophe Deferred Drawown IDA 14.9

Industry - - - - - - - - -

TABLE 30. EXTERNAL DEBT: DISBURSEMENTS BY SECTOR, CONTINUED

In millions of USD & Indian Rupees

Sector Creditor

Energy 5.1 2,147.3 6.1 621.8 2.2 2,307.0 4.1 3,431.8 17.5 8,507.9

Green Power Dev. Proj. (Special Operations)ADF ADB - - - - - Green Power Dev. Proj. (Ordinary Operations)OCR ADB - - - - - Green Power Dev. Proj - Additional Financing ADB - - - - - Green Power Dev. Prj.(Ordinary Operation-Tangsibji) ADB 1.3 3.9 1.1 2.8 9.2 2nd Green Power Dev. Prj.(Special Operation-Tangsibji) ADB 3.2 1.7 0.7 1.2 6.8 Dagachhu Hydroelectric Proj. Govt. of Austria - - - - - The Financing of Rural Electrification Govt. of Austria - - - - - Rural Elect. Proj. (Phase I) JBIC/JICA - - - - - Rural Electrification Project (Phase II) JBIC/JICA 0.6 0.5 0.3 0.0 1.4

Punatsangchhu-I Hydroelectric Proj. Govt. of India 200.8 360.0 500.0 540.0 - 1,600.8 Punatsangchhu-II Hydroelectric Proj. Govt. of India #### - 1,083.5 ### - 4,927.6 Nikachhu Hydropower Project (Common Rupee Loan) 182.4 261.8 452.1 391.8 - 1,288.1

Other - 6,976.6 - 7,072.8 - 14,277.3 - - - 28,326.7

GOI Line of Credit Govt. of India - - - - - - OD Facility SBI & PNB - - - - - - RBI SWAP RBI ####### ####### ######## - - ########

TOTAL 20.4 9,123.9 38.2 7,694.6 4.5 16,584.3 83.5 3,431.8 146.5 36,834.6

Other Loans** - - - - - -

Bhutan Ventures Hospitality Pvt ltd new PNB HK - - - - TOTAL (Publicly + Non-Publicly Guaranteed Debt) 20.4 9,123.9 38.2 7,694.6 4.5 16,584.3 83.5 3,431.8 146.5 36,834.6

USD USDUSD USD

PUBLIC EXTERNAL DEBT: DISBURSEMENTS BY SECTOR

Mar' 20 Jun' 20 2019/20

2019/20Sep' 19 Dec' 19 Mar' 20 Jun' 20

Dec' 19Sep' 19

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In Millions of USD and Rupees

USD Rupee USD Rupee USD Rupee USD Rupee USD Rupee USD Rupee

Interest 0.06 0.15 0.06 0.15 0.05 0.05

Principal 0.40 0.49 0.39 0.49 0.39 0.39

Interest 0.14 0.04 0.14 0.04 0.13 0.13

Principal 0.58 0.32 0.57 0.32 0.57 0.57

Interest 0.03 0.07 0.04 0.06 0.03 0.03

Principal 0.21 0.35 0.21 0.35 0.21 0.21

Interest 0.05 0.14 0.06 0.14 0.33 0.33

Principal 0.31 0.65 0.31 0.64 0.31 0.31

Interest 0.63 0.98 0.64 0.97 0.82 0.82

Principal 0.18 1.64 0.54 1.63 0.54 0.54

Interest 0.00 0.01 0.00 0.01 0.00 0.00

Principal 0.00 0.13 0.00 0.13 0.00 0.00

Interest 0.86 39.38 1.99 46.30 0.32 50.99 1.94 57.16 0.78 63.87 0.78 63.87

Principal 2.76 0.00 2.59 0.00 0.52 0.00 3.91 0.00 2.69 0.00 2.69 0.00

Interest 0.03 165.35 0.01 165.23 0.03 165.23 0.01 147.05 0.02 143.42 0.02 143.42

Principal 0.33 0.00 0.05 7,113.40 0.33 7,113.40 0.05 6,976.55 0.33 7,072.83 0.33 7,072.83

Interest 1.80 204.73 3.39 211.53 1.27 216.22 3.32 204.20 2.18 207.28 2.18 207.28

Principal 4.77 0.00 6.23 7,113.40 2.87 7,113.40 7.51 6,976.55 5.03 7,072.83 5.03 7,072.83

Interest 0.49 0.49 0.49 0.49 0.38 0.38

Principal 0.00 0.00 0.00 0.00 0.62 0.62

Interest 2.29 204.73 3.88 211.53 1.76 216.22 3.81 204.20 2.55 207.28 2.55 207.28

Principal 4.77 0.00 6.23 7,113.40 2.87 7,113.40 7.51 6,976.55 5.66 7,072.83 5.66 7,072.83

GRAND TOTAL (Interest +

Principal) Total 7.06 204.73 10.11 7,324.93 4.63 7,329.62 11.33 7,180.75 8.21 7,280.11 8.21 7,280.11

EXTERNAL DEBT SERVICING BY SECTOR

source: Department of Public Accounts, RMA and Private sector.

Multi Sector

Jun' 20Mar' 20

Industry

Education

Dec' 19Sep' 19Jun' 19Mar' 19

Agriculture & Forestry

Sector

TOTAL (Public + Private)

Energy

Private Sector Loans

Financial Sector

Total Public External Loans

Transport & ICT

Other

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Mar' 19 Jun' 19 Sept' 19 Dec' 19 Mar' 20 Jun'20 Mar' 19 Jun' 19 Sept' 19 Dec' 19 Mar' 20 Jun' 20

1. Convertible Currency Debt 47,348.35 49,629.30 51,059.71 54,273.38 56,708.83 62,744.94 684.51 720.12 722.36 760.72 752.25 830.76

Public 45,273.21 47,643.51 49,064.92 52,302.28 54,673.08 60,705.38 654.51 691.31 694.13 733.09 725.24 803.76

World Bank 16,767.63 18,936.26 18,962.70 19,330.99 20,089.53 24,354.76 242.41 274.77 268.27 270.95 266.49 322.46IFAD 2,474.65 2,464.54 2,538.79 2,573.81 2,691.99 2,731.21 35.78 35.76 35.92 36.08 35.71 36.16

ADB 19,752.04 19,869.18 20,380.54 23,263.58 24,552.53 26,340.05 285.55 288.30 288.33 326.07 325.69 348.75Govt of Austria 3,546.29 3,497.22 3,281.01 3,225.46 3,175.02 3,108.50 51.27 50.74 46.42 45.21 42.12 41.16Govt. of Denmark 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

JICA 2,732.59 2,876.31 2,982.98 2,980.96 3,184.00 3,189.01 39.50 41.74 42.20 41.78 42.24 42.22

SDF (Druk Air) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Deutsche Investition(Hydropower) 0.00 918.91 927.48 980.02 981.85 0.00 13.00 13.00 13.00 13.00

Private 2,075.14 1,985.79 1,994.79 1,971.10 2,035.75 2,039.56 30.00 28.81 28.22 27.63 27.00 27.00

2. Rupee Debt 136,463.87 138,409.37 140,556.72 141,274.80 150,514.87 154,218.05 1,972.84 2,008.32 1,988.49 1,980.17 1,996.59 2,041.89

Hydropower debt 122,350.47 124,432.82 126,580.17 127,201.97 129,237.57 132,940.75 1,768.80 1,805.52 1,790.76 1,782.92 1,714.35 1,760.18

Chukha 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Kurichhu 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Tala 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Punatsangchhu-I 46,213.69 46,673.69 46,874.46 47,234.46 47,734.48 48,274.48 668.10 677.24 663.15 662.06 633.20 639.17

Punatsangchhu-II 40,182.19 41,804.54 43,148.71 43,148.71 44,232.19 46,732.19 580.91 606.58 610.44 604.79 586.74 618.75

Mangdechhu 34,397.03 34,397.03 34,817.03 34,817.03 34,817.03 35,088.41 497.27 499.10 492.57 488.01 461.85 464.58

Nikachhu Project(SBI) 1,557.56 1,557.56 1,739.97 2,001.77 2,453.87 2,845.67 22.52 22.60 24.62 28.06 32.55 37.68

Other 0.00 0.00 0.00 0.00 0.00 0.00

GOI Line of Credit 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 101.20 101.57 99.03 98.11 92.86 92.68

OD Facility 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

RBI Swap 7,113.40 6,976.55 6,976.55 7,072.83 14,277.30 14,277.30 102.84 101.23 98.70 99.14 189.39 189.04

Dungsam Cement Corp Ltd

Total (CC + Rupee) 183,812.21 188,038.68 191,616.43 195,548.18 207,223.70 216,962.99 2,657.35 2,728.44 2,710.85 2,740.89 2,748.84 2,872.65

Convertible Currency Debt

As a % of Total Debt 25.76 26.39 26.65 27.75 27.37 28.92

Rupee Debt As a % of Total Debt 74.24 73.61 73.35 72.25 72.63 71.08

Total Loans in % of GDP 111.65 114.22 103.31 105.43 104.90 109.83

Nominal GDP(Calendar Year) 164,628.92 167,326.82 185,479.53 185,479.53 197,548.44 197,548.44

Exchange Rate

Ngultrum/USD exchange rate 69.17 68.92 70.69 71.34 75.39 75.53

Source: Department of Public Accounts, Royal Monetary Authority of Bhutan & private sector enterprises.

Item

End of period

BHUTAN'S OUTSTANDING EXTERNAL DEBT - FISCAL YEAR POSITION

Rupee/Ngultrum Million USD Million

Note: Debt data published by the RMA include the total external debt of the country (public + private) and are therefore not comparable to data published by the Ministry of Finance which covers only public debt. Furthermore,

the RMA uses calendar year GDP figures for all ratios to the GDP. Hydropower debt excludes accrued interest.

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Creditor Category Dec' 18 Mar' 19 Jun' 19 Sept' 19 Dec' 19 Mar' 20 Jun' 20

I. Multilateral 558.07 563.74 598.83 605.52 646.10 640.89 720.38

Asian Development Bank 278.33 285.55 288.30 288.33 326.07 325.69 348.75

IFAD 36.04 35.78 35.76 35.92 36.08 35.71 36.16

World Bank (IDA) 243.69 242.41 274.77 268.27 270.95 266.49 322.46

SDF 13.00 13.00 13.00 13.00

II. Bilateral 93.93 90.77 92.48 88.62 86.99 84.35 83.38

Government of Austria 54.52 51.27 50.74 46.42 45.21 42.12 41.16

Government of Denmark 0.00 0.00 0.00 0.00 0.00

JICA 39.41 39.50 41.74 42.20 41.78 42.24 42.22(Deutsche Investition)

Bhutan Hydropower

services 0.00 0.00 0.00 0.00 0.00 0.00 0.00

III. Other 30.00 31.64 28.81 28.22 27.63 27.00 27.00

Bhutan Ventrues Hospitality Pvt ltd 28.81 28.22 27.63 27.00 27.00

Government of India 127,502.77 129,350.47 131,432.82 133,580.17 134,201.97 136,237.57 139,940.75

SBI 0.00 0.00 0.00 0.00 0.00 0.00 0.00

RBI 0.00 7,113.40 6,976.55 6,976.55 7,072.83 14,277.30 14,277.30

Consortium of Indian Banks 0.0 0.0 0.0 0.0 0.0

Convertible Currency Creditors

ADB 40.81 41.62 40.04 39.92 42.86 43.30 41.98

EFIC (Australia)

Government of Austria 7.99 7.47 7.05 6.43 5.94 5.60 4.95

IFAD 5.29 5.21 4.97 4.97 4.74 4.75 4.35

JICA 5.78 5.76 5.80 5.84 5.49 5.61 5.08

World Bank 35.73 35.33 38.16 37.14 35.62 35.43 38.82

SDF 0.00 1.80 1.71 1.73 1.56

Others 4.40 4.61 4.00 3.91 3.63 3.59 3.25

Rupee Creditors

Government of India 100.00 94.79 94.96 95.04 94.99 90.51 90.74

RBI 0.00 5.21 5.04 4.96 5.01 9.49 9.26

EXTERNAL DEBT OUTSTANDING BY INDIVIDUAL CREDITOR CATEGORIES

End of period

Note: Debt data published by the RMA include the total external debt of the country (public + private), and are therefore not comparable to data published

by the Ministry of Finance which covers only public debt.

Source: Department of Public Accounts, RMA & private sector enterprises.

830.76

154,218.05

752.25

150,514.87

686.15

136,463.87

722.36

140,556.72

681.99

127,502.77

(In Percent of Total Convertible Currency/Rupee Outstanding Debt)

B. Rupee Debt (INR millions)

A. Convertible Currency Debt

(USD millions)760.72

141,274.80

720.12

138,409.37

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2015/16 2016/17 2017/18 2018/19 Sept' 19 Dec' 19 Mar'20 Jun'20 2019/20

Interest Interest Interest Interest Interest Interest Interest Interest Interest

Principal Principal Principal Principal Principal Principal Principal Principal Principal

I. Multilateral (Convertible Currency) 5.51 6.14 7.32 8.08 1.28 2.79 1.73 2.73 8.52

11.10 11.52 13.45 14.23 2.87 4.56 2.87 5.14 15.44

II. Bilateral Convertible Currency 3.36 2.95 3.18 3.01 0.00 0.53 0.45 0.46 1.44

9.05 8.66 9.15 18.57 0.00 2.95 2.16 1.64 6.75

III. Convertible Currency Commercial Debt 0.47 1.56 1.66 1.87 0.42 0.40 0.38 0.38 1.58

0.32 0.00 0.00 0.00 0.59 0.59 0.62 0.62 2.43

IV. Rupee Debt 25.70 27.04 27.75 20.52 2.95 2.87 2.86 3.54 12.34

36.54 125.04 119.05 223.11 0.00 97.96 97.72 0.00 195.55

Total Interest Payments 35.05 37.70 39.91 33.48 4.65 6.59 5.42 7.10 23.88

Total Principal Repayments 57.01 145.22 141.65 255.91 3.46 106.06 103.38 7.40 220.17

Total Debt Service 92.06 182.92 181.57 289.40 8.11 112.65 108.79 14.50 244.05

Debt Service Ratio* 14.45 24.87 22.50 34.86 2.92 47.09 60.49 10.42 31.83

Debt Service/Current Receipts** 10.56 17.04 15.27 24.42 2.70 42.53 41.73 82.52 21.16

Interest Payments/Current Receipts 4.05 3.51 3.36 2.84 1.54 2.49 2.08 79.64 123.84

Debt Service/Gross Reserves 8.23 16.53 16.34 25.49 0.72 9.27 8.66 10.27 19.43

BHUTAN'S DEBT SERVICE PAYMENTS BY CREDITOR CATEGORY

End of period

**: Current receipts include receipts from the export of goods and services, income and transfers, excluding official grants and receipts of International NGOs

& international organizations. Current Receipts is carried forward from the previous fiscal year until the end of present fiscal year respectively(For

instance,FY2014/15 is taken for Sept'15,Dec'15, Mar'16 & Jun'16).Please note: Inconsistencies may occur due to rounding.

Source: Department of Public Accounts, RMA & private sector enterprises.

*: Debt service payments as a percentage of total exports of goods and services.

Creditor Category

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In millions of Ngultrum

Provisional

A. CURRENT ACCOUNT -3,288.70 -9,308.74 -11,598.79 -6,960.67 -5,514.48 -12,365.19 -9,254.34 -8,579.16 -1,898.98 -8,244.75 -12,406.16

Goods and Services -2,183.42 -7,275.92 -11,628.20 -9,461.04 -3,989.70 -8,838.53 -8,475.34 -10,647.28 -700.36 -5,633.80 -10,910.88

Goods: Net (Trade Balance) -1,451.62 -7,542.65 -10,138.55 -8,825.31 -2,446.54 -9,338.12 -6,910.13 -9,690.00 572.27 -5,444.65 -7,890.75

Exports (fob) 12,140.68 9,550.74 7,363.73 10,176.60 14,907.96 8,934.13 9,955.06 9,108.25 16,940.26 12,118.44 8,854.24

Imports (fob) 13,592.30 17,093.39 17,502.28 19,001.91 17,354.50 18,272.25 16,865.19 18,798.25 16,367.98 17,563.09 16,744.99

Services -731.79 266.73 -1,489.65 -635.73 -1,543.16 499.59 -1,565.21 -957.27 -1,272.63 -189.15 -3,020.13

Credit 2,415.27 3,959.45 3,103.48 2,785.58 2,367.37 4,564.60 1,924.23 3,046.81 2,663.29 4,835.42 1,252.65

Debit 3,147.06 3,692.72 4,593.13 3,421.31 3,910.53 4,065.01 3,489.44 4,004.08 3,935.92 5,024.57 4,272.78

Primary Income -3,359.22 -3,361.23 -3,131.14 -3,947.63 -3,895.77 -3,924.26 -3,219.52 -4,547.80 -4,291.73 -4,105.79 -3,566.99

Credit 621.60 622.00 623.73 546.22 662.88 684.72 790.42 502.35 575.04 544.88 558.99

Debit 3,980.82 3,983.23 3,754.87 4,493.85 4,558.65 4,608.98 4,009.94 5,050.15 4,866.77 4,650.67 4,125.98

Secondary Income 2,253.94 1,328.41 3,160.56 6,448.00 2,370.99 397.60 2,440.52 6,615.92 3,093.11 1,494.84 2,071.70

Credit 2,705.88 1,734.76 3,814.90 6,763.59 2,720.06 1,439.54 2,912.69 7,202.83 3,359.52 2,055.08 2,628.16

o.w. Budgetary grants 1,535.21 694.89 2,349.64 1,625.12 1,206.91 358.63 2,007.57 3,426.18 2,281.39 915.96 1,049.53

Debit 451.95 406.35 654.35 315.59 349.07 1,041.94 472.17 586.91 266.42 560.24 513.27

B. CAPITAL ACCOUNT 1,835.37 5,392.02 782.57 3,874.07 3,912.30 1,319.44 1,800.12 1,737.28 2,399.58 3,848.66 2,427.34

o.w. Budgetary grants for investment 785.37 2,056.02 782.57 3,724.07 1,293.30 738.44 890.12 1,166.18 998.00 3,158.66 581.75

C. FINANCIAL ACCOUNT * -10,169.30 -7,381.52 -2,855.18 -8,070.86 17.52 1,064.17 -15,421.14 -9,038.75 -14,894.22 -13,042.59 -18,779.44

Direct Investment in Bhutan 166.69 -30.69 10.06 127.98 16.44 259.49 714.99 -68.25 -128.75 -13.35 -9.81

o.w. Equity capital 224.16 34.70 115.72 45.08 15.79 129.76 717.63 -108.83 2.11 7.83 3.43

Other Investment -10,288.51 -6,237.19 -2,840.44 -8,079.49 -590.00 2,302.11 -14,737.83 -8,025.09 -15,035.06 -13,066.62 -19,692.20

Other Investment: net acquisition of financial assets 1,888.13 -2,880.12 367.35 1,704.14 2,523.20 -2,460.94 94.25 1,628.53 422.02 -1,211.33 -425.81

Other Investment: net incurrence of financial liabilities 12,176.64 3,357.08 3,207.79 9,783.64 3,113.19 -4,763.05 14,832.07 9,653.62 15,457.08 11,855.29 19,266.39

o.w. RGOB loans ** 1,227.27 1,608.63 5,724.21 2,095.40 7,158.86 -683.12 -23,904.96 9,211.03 5,508.74 9,852.49 2,016.54

o.w. Other loans 9,489.60 1,421.43 -3,306.72 8,439.07 -3,673.33 -3,555.19 37,782.05 1,464.16 6,947.71 4,660.93 17,829.76

D. Net Errors & Omissions -3,025.61 -3,508.90 -508.99 2,696.72 -30,350.28 597.97 14,683.13 -8,928.16 -26,089.73 781.06 -5,067.90

E. Overall Balance 5,690.36 -44.10 -8,470.03 7,680.98 -31,969.98 -11,511.94 22,650.06 -6,731.29 -10,694.91 9,427.55 3,732.72

F. Reserve Assets 5,690.36 -44.10 -8,470.03 7,680.98 -31,969.98 -11,511.94 22,650.06 -6,731.29 -10,694.91 9,427.55 3,732.72* Net acquisition of financial assets minus net incurrence of financial liabilities; (+) figure denotes net lending and (-) figure denotes net borrowing; excludes reserve assets. Financial Account sign convention: (+) = increase in assets or liabilities; (-) = decrease in assets or liabilities.

** Includes hydropower loans & accrued interest. The figures have been revised from 2018/19 until FY2019/20(Q2) on account of revised trade data as well as change in other data sources.

FY18/19: Q1 FY18/19: Q2 FY18/19: Q3 FY18/19: Q4 FY19/20: Q1 FY19/20: Q2Item

FY19/20: Q3

revised

QUARTERLY OVERALL BALANCE OF PAYMENTS ESTIMATES

FY17/18: Q3 FY17/18: Q4FY17/18: Q1 FY17/18: Q2

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Provisional

A. CURRENT ACCOUNT -4,111.70 -10,368.70 -12,665.32 -6,869.20 -7,169.22 -14,177.67 -10,937.22 -6,638.60 -2,235.28 -9,471.98 -12,576.95

Goods and Services -1,258.56 -7,324.97 -10,478.50 -8,123.11 -3,699.63 -9,831.01 -7,893.75 -7,644.16 286.56 -5,952.70 -9,386.64

Goods: Net (Trade Balance) -910.60 -6,872.50 -10,113.21 -7,556.87 -2,830.31 -9,275.31 -7,012.87 -7,250.33 867.41 -4,878.09 -8,577.48

Exports (fob) 10,681.45 7,575.93 5,591.44 7,864.64 12,342.57 6,340.35 7,481.62 7,593.28 15,067.56 10,302.12 6,611.29

Imports (fob) 11,592.06 14,448.42 15,704.65 15,421.52 15,172.88 15,615.66 14,494.49 14,843.61 14,200.15 15,180.21 15,188.77

Services -347.96 -452.48 -365.28 -566.24 -869.31 -555.70 -880.88 -393.83 -580.85 -1,074.61 -809.15

Credit 882.57 1,088.02 2,056.39 594.36 981.88 1,204.93 621.00 933.37 1,153.36 1,160.56 914.52

Debit 1,230.53 1,540.50 2,421.67 1,160.60 1,851.19 1,760.63 1,501.88 1,327.20 1,734.22 2,235.17 1,723.68

Primary Income -3,366.42 -3,167.41 -3,188.44 -3,862.50 -3,989.35 -3,709.73 -3,435.91 -4,392.63 -4,399.81 -4,036.20 -3,574.23

Credit 380.99 417.48 301.59 226.91 313.10 279.84 241.49 187.34 222.72 205.34 327.26

Debit 3,747.41 3,584.89 3,490.03 4,089.41 4,302.45 3,989.57 3,677.40 4,579.97 4,622.53 4,241.54 3,901.50

o.w. Interest on hydropower loans * 28.34 634.59 18.49 643.80 24.43 654.30 39.38 46.30 50.99 57.16 63.87

Secondary Income 513.28 123.68 1,001.62 5,116.42 519.76 -636.93 392.44 5,398.19 1,877.98 516.92 383.93

Credit 813.78 372.16 1,322.17 5,332.25 781.93 57.91 658.19 5,687.39 1,984.94 694.80 710.96

o.w. Budgetary grants 779.92 309.72 1,207.03 1,304.23 703.47 1.60 589.42 3,116.05 1,955.88 565.20 672.90

Debit 300.50 248.48 320.55 215.84 262.17 694.84 265.75 289.21 106.97 177.89 283.85

B. CAPITAL ACCOUNT 1,835.37 5,392.02 768.45 3,866.35 3,852.82 1,319.44 1,800.12 1,737.28 2,399.58 3,848.66 2,427.13

o.w. Budgetary grants for investment 785.37 2,056.02 768.45 3,716.35 1,233.82 738.44 890.12 1,166.18 998.00 3,158.66 581.53

o.w. Grants for hydropower development 1,050.00 3,336.00 0.00 150.00 2,619.00 581.00 910.00 571.10 1,401.58 690.00 1,845.60

C. FINANCIAL ACCOUNT ** -8,805.40 -7,594.04 -2,531.95 -7,416.09 -454.45 -100.82 -13,799.25 -9,762.41 -13,757.48 -10,790.82 -19,483.11

Direct Investment in Bhutan: net incurrence of liabilities 7.99 24.31 -46.83 28.69 149.86 76.76 50.15 -104.82 7.16 37.80 84.32

o.w. Equity capital 0.00 0.00 1.50 0.44 127.50 21.70 0.00 -110.22 0.00 0.00 1.43

Other Investment -9,083.31 -6,394.72 -2,574.10 -7,524.01 -928.54 954.39 -13,780.77 -8,785.31 -13,762.41 -10,763.69 -20,301.75

Other Investment: net acquisition of financial assets 1,505.96 -3,185.35 -79.32 1,264.24 2,493.94 -2,576.94 240.56 1,696.46 339.42 -1,352.27 -547.89

Other Investment: net incurrence of financial liabilities 10,589.27 3,209.37 2,494.78 8,788.25 3,422.48 -3,531.32 14,021.34 10,481.77 14,101.83 9,411.42 19,753.86

o.w. Hydropower loans (incl. accrued interest)* 900.00 1,714.00 5,392.70 169.56 7,018.70 -298.86 -24,132.50 8,961.10 5,136.40 6,725.16 1,854.87

o.w. Other loans 9,640.50 1,568.50 -3,151.05 8,522.08 -3,673.25 -3,398.37 37,782.12 1,546.20 6,947.75 4,811.35 17,829.82

D. Net Errors & Omissions -3,274.31 -2,579.28 637.24 -747.57 4,393.79 7,180.97 -256.28 -8,029.05 -11,672.73 -4,520.40 -3,000.43

E. Overall Balance 3,254.76 38.09 -8,727.68 3,665.67 1,531.84 -5,576.44 4,405.87 -3,167.97 2,249.06 647.09 6,332.87

F. Reserve Assets 3,254.76 38.09 -8,727.68 3,665.67 1,531.84 -5,576.44 4,405.87 -3,167.97 2,249.06 647.09 6,332.87

FY2019/20: Q3

Revised

FY19/20: Q2FY18/19: Q1 FY18/19: Q3

In millions of Ngultrum

Item

QUARTERLY BALANCE OF PAYMENTS ESTIMATES WITH INDIA

* Includes accrued interest (from FY 2006/07 onwards), and are therefore not comparable with figures published by the Ministry of Finance. ** Net acquisition of financial assets minus net incurrence of financial liabilities; (+) figure denotes net lending and (-) figure denotes net borrowing; excludes

reserve assets. Financial Account sign convention: (+) = increase in assets or liabilities; (-) = decrease in assets or liabilities. The figures have been revised from 2018/19 until FY2019/20(Q2) on account of revised trade data as well as change in other data sources.

FY19/20: Q1FY18/19: Q4FY17/18: Q4FY17/18: Q2 FY17/18: Q3FY17/18: Q1

FY18/19: Q2

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In millions of Ngultrum

Provisional

A. CURRENT ACCOUNT 823.00 1,059.97 1,066.53 -91.47 1,654.74 1,812.48 1,682.88 -1,940.56 336.30 1,227.24 170.78

Goods and Services -924.85 49.05 -1,149.71 -1,337.93 -290.08 992.47 -581.58 -3,003.12 -986.91 318.90 -1,524.24

Goods: Net (Trade Balance) -541.02 -670.16 -25.34 -1,268.43 383.77 -62.82 102.74 -2,439.68 -295.14 -566.55 686.73

Exports (fob) 1,459.23 1,974.81 1,772.29 2,311.95 2,565.39 2,593.78 2,473.44 1,514.97 1,872.70 1,816.32 2,242.95

Imports (fob) 2,000.25 2,644.97 1,797.62 3,580.39 2,181.62 2,656.60 2,370.69 3,954.64 2,167.84 2,382.88 1,556.21

Services -383.83 719.21 -1,124.37 -69.49 -673.85 1,055.29 -684.33 -563.44 -691.78 885.46 -2,210.97

Credit 1,532.70 2,871.43 1,047.09 2,191.22 1,385.50 3,359.67 1,303.23 2,113.44 1,509.92 3,674.86 338.13

Debit 1,916.53 2,152.22 2,171.46 2,260.71 2,059.34 2,304.37 1,987.56 2,676.88 2,201.70 2,789.40 2,549.10

Primary Income 7.20 -193.82 57.30 -85.13 93.58 -214.52 216.39 -155.17 108.09 -69.58 7.24

Credit 240.62 204.52 322.14 319.31 349.78 404.89 548.93 315.01 352.32 339.54 231.72

Debit 233.42 398.34 264.84 404.44 256.19 619.41 332.54 470.18 244.24 409.13 224.48

Secondary Income 1,740.65 1,204.73 2,158.94 1,331.58 1,851.23 1,034.53 2,048.07 1,217.73 1,215.13 977.92 1,687.78

Credit 1,892.10 1,362.60 2,492.74 1,431.33 1,938.13 1,381.63 2,254.50 1,515.43 1,374.58 1,360.28 1,917.20

o.w. Budgetary grants 755.30 385.17 1,142.61 320.89 503.44 357.03 1,418.15 310.13 325.52 350.76 376.64

Debit 151.45 157.87 333.80 99.75 86.90 347.10 206.43 297.70 159.45 382.36 229.43

B. CAPITAL ACCOUNT 0.00 0.00 14.12 7.72 59.48 0.00 0.00 0.00 0.00 0.00 0.21

o.w. Budgetary grants for investment 0.00 0.00 14.12 7.72 59.48 0.00 0.00 0.00 0.00 0.00 0.21

C. FINANCIAL ACCOUNT * -1,363.90 212.53 -323.23 -654.77 471.96 1,164.99 -1,621.90 723.66 -1,136.74 -2,251.77 703.68

Direct Investment in Bhutan: net incurrence of liabilities 158.69 -55.00 56.88 99.29 -133.42 182.73 664.84 36.56 -135.91 -51.16 -94.13

o.w. Equity capital 224.16 34.70 114.22 44.64 -111.71 108.06 717.63 1.39 2.11 7.83 2.00

Other Investment -1,205.20 157.52 -266.35 -555.48 338.54 1,347.72 -957.05 760.22 -1,272.66 -2,302.93 609.54

Other Investment: net acquisition of financial assets 382.17 305.23 446.67 439.90 29.26 116.00 -146.32 -67.93 82.60 140.94 122.08

Other Investment: net incurrence of financial liabilities 1,587.37 147.71 713.02 995.39 -309.28 -1,231.72 810.74 -828.15 1,355.26 2,443.87 -487.47

o.w. RGOB loans 327.27 -105.37 331.51 1,925.84 140.16 -384.27 227.53 249.93 372.34 3,127.33 161.67

o.w. Other loans -150.89 -147.07 -155.67 -83.01 -0.07 -156.82 -0.07 -82.04 -0.04 -150.43 -0.06

D. Net Errors & Omissions 248.70 -929.63 -1,146.23 3,444.29 -34,744.07 -6,583.00 14,939.41 -899.11 -14,417.00 5,301.45 -2,067.47

E. Overall Balance 2,435.59 -82.19 257.65 4,015.31 -33,501.82 -5,935.50 18,244.19 -3,563.32 -12,943.96 8,780.46 -2,600.15

F. Reserve Assets 2,435.59 -82.19 257.65 4,015.31 -33,501.82 -5,935.50 18,244.19 -3,563.32 -12,943.96 8,780.46 -2,600.15

FY19/20: Q2

Revised

FY19/20: Q3FY18/19: Q4

QUARTERLY BALANCE OF PAYMENTS ESTIMATES WITH COUNTRIES OTHER THAN INDIA

FY17/18: Q1 FY18/19: Q2FY18/19: Q1

* Net acquisition of financial assets minus net incurrence of financial liabilities; (+) figure denotes net lending and (-) figure denotes net borrowing; excludes reserve assets. Financial Account sign convention: (+) = increase in assets or liabilities; (-) = decrease in assets or liabilities. The figures have been revised from 2018/19 until

FY2019/20(Q2) on account of revised trade data as well as change in other data sources.

FY19/20: Q1FY18/19: Q3FY17/18: Q4FY17/18: Q2 FY17/18: Q3Item

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Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20

Net IIP -2,210.18 -2,273.03 -2,422.72 -2,570.53 -2,451.00 -2,289.96 -2,494.03 -2,537.41 -2,605.21 -2,552.13 -2,436.94 -2,636.03

Assets 1,104.86 1,201.95 1,175.22 1,038.52 1,150.16 1,202.61 1,042.11 1,224.87 1,227.91 1,328.55 1,448.12 1,554.51

Currency and deposits 64.94 65.08 64.80 65.98 65.19 64.98 64.38 64.37 66.61 64.00 62.57 65.83

Trade credits 59.85 80.87 33.08 31.53 49.48 84.91 53.15 58.49 83.52 138.90 122.24 114.23

Reserve assets1

980.07 1,056.01 1,077.35 941.01 1,035.49 1,052.72 924.58 1,102.01 1,077.78 1,125.65 1,263.31 1,350.77

Liabilities 3,315.04 3,474.99 3,597.94 3,609.06 3,601.16 3,492.57 3,536.13 3,762.28 3,833.12 3,880.68 3,885.07 4,190.54

Direct investment in Bhutan 125.78 126.93 130.84 132.12 131.88 130.04 136.96 150.60 149.76 147.97 141.96 146.62

o.w. Equity 99.34 101.02 105.20 106.35 106.28 105.29 112.08 125.70 124.76 123.10 121.45 122.88

o.w. Intercompany debt 26.44 25.92 25.63 25.77 25.59 24.75 24.88 24.90 25.00 24.87 20.51 23.73

Currency and deposits 95.13 112.45 112.44 116.10 97.52 89.02 85.39 86.19 81.01 91.12 75.79 80.32

Loans 3,055.42 3,196.32 3,314.38 3,317.44 3,321.85 3,219.44 3,256.12 3,461.85 3,545.29 3,585.69 3,610.90 3,908.89

Trade credits 30.38 30.82 31.75 34.69 41.48 45.71 49.33 55.32 48.73 47.73 48.13 46.19

SDR allocations 8.33 8.46 8.53 8.71 8.42 8.36 8.33 8.31 8.33 8.17 8.28 8.52

Exchange rate to USD (end of period) 64.47 65.36 63.93 65.04 68.58 72.55 69.98 69.17 68.92 70.69 71.34 72.34

ItemUSD million

Bhutan's International Investment Position

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Sl IMPORT CATEGORY 2009 2010 2011 2013 2014 2015 2016 2017 2018% Share

in Total

Annual %

change

1 Live Animals & Animal Products 984.9 1,180.6 1,299.6 1,995.0 2,331.1 2,674.7 2,755.5 2,713.7 2,690.2 2,679.9 4.5 (0.4)

2Vegetables, Fruits, Nuts, Coffee, Tea, Spices,

Cereals, Grains & Seeds1,290.34 1,523.39 1,840.27 2,748.55 3,260.87 3,551.30 3,412.86 3,756.99 3,738.06 3,572.16 5.94 -4.44

3 Animal or Vegetable Fats & Oils 407.71 489.88 661.94 906.34 978.43 1,005.55 976.01 1,032.24 1,129.42 1,199.35 2.00 6.19

4 Processed Foods & Beverages 1,009.81 1,212.99 1,477.74 1,707.03 1,812.37 2,024.26 2,159.53 2,306.03 2,375.86 2,354.69 3.92 -0.89

5 Mineral Products inc. oils & fuels 4,996.81 7,263.40 8,795.96 11,625.14 12,848.24 13,329.63 12,341.91 12,423.94 13,963.50 16,105.98 26.80 15.34

6 Electricity 127.25 8.89 10.23 12.70 222.92 319.02 249.65 172.95 74.94 295.00 0.49 293.65

7 Products of Chemical & Allied Industries 821.22 1,081.23 1,358.28 1,850.06 1,885.03 1,954.89 2,098.72 2,129.60 2,098.01 2,269.84 3.78 8.19

8 Plastic & Rubber Products 557.49 794.84 1,105.84 1,561.80 1,627.85 1,727.67 1,793.07 1,807.81 2,105.70 2,642.89 4.40 25.51

9 Wood and Wood pulp products 1,126.53 1,375.40 1,879.00 1,940.68 1,911.86 2,349.58 2,391.06 1,868.29 2,330.12 3,306.59 5.50 41.91

10 Textiles, Footwear & Hats/Headgear 286.94 368.24 418.81 750.81 738.56 835.44 925.18 826.70 874.26 878.95 1.46 0.54

11Articles of Stone, Plaster, Cement, Asbestos,

Ceramics & Glass 356.17 727.28 967.76 925.99 803.45 899.08 905.06 1,111.27 1,314.06 2.19 18.25

12Pearls and Products of Precious/Semi-precious

Metal & Stones1.40 0.61 1.03 0.67 16.16 1.07 0.90 0.28 0.79 0.86 0.00 9.21

13 Base Metals and Articles of Base Metal 3,270.80 5,431.82 6,181.59 8,930.61 7,535.04 8,407.03 9,257.00 6,298.39 6,876.47 7,389.23 12.29 7.46

14Machinery, Mechanical/Electrical Appliances &

Equipment and Parts2,420.10 4,698.72 4,499.30 4,501.73 6,550.70 6,604.79 9,282.39 12,197.97 9,302.14 9,233.74 15.36 -0.74

15 Transport Vehicles & Aircraft and Engines & Parts 1,953.19 2,964.10 4,409.36 1,766.90 625.45 1,623.92 4,319.48 5,758.68 4,268.65 5,807.84 9.66 36.06

16Optical, Photographic, Cinematographic &

Measuring Equipment162.09 129.44 271.76 209.38 256.33 227.22 300.77 497.22 449.81 403.58 0.67 -10.28

17Handicrafts, Works of Art, Collectors' Pieces &

Personal Effects0.03 0.75 0.03 0.20 0.03 1.84 0.38 0.04 0.02 1.42 0.00 5,618.50

18 Miscellaneous Manufactured Products 195.21 313.75 263.06 362.95 362.49 406.23 577.04 588.83 583.45 652.00 1.08 11.75

TOTAL 19,968.00 29,337.99 35,201.07 41,838.28 43,889.37 47,847.62 53,740.51 55,284.73 53,972.67 60,108.06 100.00 11.37

COMPOSITION OF IMPORTS FROM INDIA

Millions of Ngultrum

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Sl EXPORT CATEGORY 2009 2010 2011 2013 2014 2015 2016 2017 2018% Share in

Total

Annual %

change

1 Live Animals & Animal Products 4.93 2.75 0.19 5.77 2.55 2.91 6.81 12.94 20.88 50.47 0.16 0.00

2Vegetables, Fruits, Nuts, Coffee, Tea, Spices,

Cereals, Grains & Seeds606.74 452.67 595.28 783.20 976.69 1,475.16 1,131.99 1,535.74 1,562.71 1,101.47 3.42 -29.52

3 Animal or Vegetable Fats & Oils 3.92 13.44 23.83 7.48 2.94 13.71 8.04 9.74 9.52 264.98 0.82 2,683.92

4 Processed Foods & Beverages 318.87 317.51 406.54 441.15 578.91 838.00 897.39 1,067.38 1,010.70 1,043.70 3.24 3.27

5 Mineral Products inc. oils & fuels 2,519.04 2,782.42 2,573.19 2,931.04 3,308.93 4,800.19 4,813.75 4,646.48 4,683.21 4,959.87 15.42 5.91

6 Electricity 10,090.72 10,411.46 10,441.50 9,125.17 11,227.26 10,633.64 12,124.49 13,032.05 11,983.49 10,578.00 32.88 -11.73

7 Products of Chemical & Allied Industries 1,050.87 1,453.94 1,476.49 1,638.56 1,885.13 1,953.88 1,989.97 1,714.73 1,722.12 1,128.94 3.51 -34.44

8 Plastic & Rubber Products 308.41 246.03 309.75 331.28 462.58 635.97 678.76 678.21 783.67 559.04 1.74 -28.66

9 Wood and Wood Pulp Products 323.16 319.63 317.45 369.48 314.58 380.69 353.03 318.19 255.91 487.96 1.52 90.68

10 Textiles, Footwear & Hats/Headgear 66.48 32.14 47.16 43.95 29.93 10.81 1.11 2.38 0.43 0.00 -81.97

11Articles of Stone, Plaster, Cement, Asbestos,

Ceramics & Glass 80.59 74.11 120.58 126.52 152.40 196.47 168.41 150.24 113.03 68.53 0.21 -39.36

12 Base Metals and Articles of Base Metal 7,012.65 9,833.50 10,044.12 10,799.96 10,004.89 10,826.22 9,605.77 8,874.63 9,459.03 11,905.01 37.01 25.86

13Machinery, Mechanical Appliances & Electrical

Equipment and Parts8.87 2.62 2.58 6.29 3.69 3.00 2.29 3.22 4.68 16.12 0.05 244.71

14 Transport Vehicles & Aircraft and Engines & Parts 0.00 0.00 0.00 0.33 0.00 0.00 0.00 0.06 0.00 0.00 -100.00

15Optical, Photographic, Cinematographic &

Measuring Equipment0.00 0.04 0.04 0.00 0.02 0.00 0.04 0.00 0.00 0.22 0.00 0.00

16Handicrafts, Works of Art, Collectors' Pieces &

Personal Effects0.00 0.00 0.01 0.09 0.10 0.13 0.00 0.26 0.00 0.31 0.00 0.00

17 Miscellaneous Manufactured Products 39.13 49.33 34.28 14.18 14.22 11.55 9.80 7.51 6.71 4.76 0.01 -29.04

TOTAL 22,434.38 26,000.88 26,377.97 26,627.35 28,979.16 31,801.45 31,801.35 32,052.42 31,618.09 32,169.81 100.00 1.74

COMPOSITION OF EXPORTS TO INDIA

Source: Bhutan Trade Statistics, Department of Revenue & Customs. (Note: An entry of "0.0" indicates a marginal value compared to "-" which indicates no value for that particular item.)

Millions of Ngultrum

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SI IMPORT CATEGORY 2009 2010 2012 2013 2014 2015 2016 2017 2018% Share

in Total

Annual %

change

1 Live Animals & Animal Products 7.83 7.69 12.23 22.98 49.47 69.45 92.12 107.45 109.67 121.31 1.05 10.61

2Vegetables, Fruits, Nuts, Coffee, Tea, Spices,

Cereals, Grains & Seeds4.68 36.29 216.35 133.31 65.70 50.25 111.95 83.98 85.82 56.22 0.49 -34.49

3 Animal or Vegetable Fats & Oils 6.35 18.95 5.82 19.91 1.91 10.78 14.26 8.92 2.76 149.15 1.29 5,307.83

4 Processed Foods & Beverages 151.26 212.03 264.77 225.15 262.61 334.93 493.92 482.23 618.49 666.30 5.78 7.73

5 Mineral Products inc. oils & fuels 63.13 80.92 140.58 144.66 151.54 237.74 120.60 351.77 99.22 515.39 4.47 419.42

6 Products of Chemical & Allied Industries 149.72 236.30 510.57 345.12 905.61 740.91 700.66 427.25 456.77 709.07 6.15 55.24

7 Plastic & Rubber Products 282.64 412.54 478.52 516.99 694.29 863.85 905.96 832.16 758.39 679.00 5.89 -10.47

8 Wood and Wood Products 4.99 7.24 22.51 14.44 18.38 23.73 21.29 27.99 27.56 31.45 0.27 14.10

9 Wood Pulp Products 53.28 39.01 233.27 39.49 271.57 83.39 187.41 173.05 123.32 118.65 1.03 -3.79

10 Textiles, Footwear & Hats/Headgear 97.24 168.85 178.28 210.20 273.16 195.85 208.95 280.37 305.42 335.55 2.91 9.86

11Articles of Stone, Plaster, Cement, Asbestos,

Ceramics & Glass 39.62 28.92 198.16 56.06 57.82 57.46 68.23 76.77 104.96 0.91 36.72

12Pearls and Products of Precious/Semi-precious Metal

& Stones136.72 17.15 83.02 61.97 70.87 8.84 14.20 39.53 41.58 19.85 0.17 -52.27

13 Base Metals and Articles of Base Metal 1,134.76 2,571.05 2,384.09 2,842.40 794.70 1,494.43 978.93 856.82 838.92 457.74 3.97 -45.44

14Machinery, Mechanical/Electrical Appliances &

Equipment and Parts2,810.73 4,461.20 5,754.14 5,425.26 4,755.91 3,894.79 4,607.76 6,021.01 7,887.08 5,298.15 45.94 -32.83

15 Transport Vehicles & Aircraft and Engines & Parts 495.16 1,024.93 2,971.93 740.83 467.37 502.71 5,199.76 1,612.95 996.39 963.46 8.35 -3.31

16Optical, Photographic, Cinematographic & Measuring

Equipment157.59 309.79 88.51 186.73 340.44 242.16 349.62 478.29 357.47 1,005.42 8.72 181.26

17Handicrafts, Works of Art, Collectors' Pieces &

Personal Effects0.46 1.64 0.90 1.12 3.26 0.97 8.50 7.81 0.86 0.10 0.00 -88.45

18 Miscellaneous Manufactured Products 110.69 100.89 122.16 126.61 200.77 224.32 223.47 215.31 236.94 301.76 2.62 27.36

TOTAL 5,682.17 9,746.09 13,496.57 11,255.34 9,383.63 9,036.92 14,296.82 12,075.13 13,023.45 11,533.51 100.00 -11.44

COMPOSITION OF IMPORTS FROM COUNTRIES OTHER THAN INDIA

Millions of Ngultrum

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SI EXPORT CATEGORY 2009 2010 2012 2013 2014 2015 2016 2017 2018% Share

in Total

Annual %

change

1 Vegetables, Fruits, Tea, Spices, Cereals, Grains &

Animal Products523.50 554.89 729.87 817.90 1,185.96 1,387.46 1,284.80 1,342.87 1,259.40 1,287.43 13.93 2.23

2 Processed Foods & Beverages 7.09 17.43 25.93 37.23 41.01 43.50 24.93 19.81 5.25 16.03 0.17 205.13

3 Mineral Products inc. oils & fuels 353.83 408.79 576.44 508.12 583.30 770.46 713.81 1,205.96 2,218.96 3,944.10 42.67 77.75

4 Products of Chemical & Allied Industries 0.90 0.56 0.36 3.36 23.72 34.08 645.16 263.60 134.10 258.49 2.80 92.76

5 Plastic & Rubber Products 0.03 0.11 0.00 0.04 0.09 0.01 0.02 2.28 0.01 0.62 0.01 10,557.97

6 Wood and Wood Products 0.03 0.03 0.73 0.56 1.35 0.97 0.77 3.87 0.36 11.40 0.12 3,028.40

7 Wood Pulp Products 0.63 0.94 0.00 0.20 0.65 0.00 0.09 1.11 0.41 2.16 0.02 429.32

8 Textiles, Footwear & Hats/Headgear 0.09 0.34 0.32 0.79 0.54 4.70 2.90 2.01 0.10 0.00 -95.26

9 Articles of Stone, Plaster, Cement, Asbestos,

Ceramics & Glass 0.70 0.31 0.04 0.19 0.44 0.38 2.33 5.26 0.64 10.68 0.12 1,559.69

10 Articles of Precious/Semi-precious Metals 0.03 0.04 0.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

11 Base Metals and Articles of Base Metal 49.22 190.84 431.91 421.01 1,034.02 1,541.02 745.11 353.19 2,054.12 3,703.11 40.06 80.28

12 Machinery, Mechanical & Electrical Appliances,

Equipment & Parts & Aircraft Parts619.34 2,146.00 3,340.73 0.00 0.21 0.00 0.00 0.02 0.00 0.00 0.00 0.00

13 Handicrafts, Works of Art, Philatelic Products &

Personal Effects1.66 1.94 0.34 2.13 1.51 3.96 4.60 1.64 3.41 6.41 0.07 88.24

14 Miscellaneous Manufactured Products 0.78 1.16 1.13 1.71 0.73 1.16 1.64 3.19 0.47 2.87 0.03 512.62

TOTAL 1,558.35 3,323.13 5,107.98 1,792.78 2,873.79 3,783.55 3,427.96 3,205.70 5,679.14 9,243.40 100.00 62.76

COMPOSITION OF EXPORTS TO COUNTRIES OTHER THAN INDIA

Source: Bhutan Trade Statistics, Department of Revenue & Customs. (Note: An entry of "0.0" indicates a marginal value compared to "-" which indicates no value for that particular item.)

Millions of Ngultrum

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Millions of Ngultrum

Item 2012 2013 2014 2015 2016 2017 2018Exports

India 26,377.97 26,627.35 28,979.16 31,801.45 31,801.35 32,052.42 31,618.09 32,169.81Bangladesh 1,226.66 1,172.17 1,464.98 1,661.89 1,817.47 2,397.96 3,486.28 5,948.36

Italy 119.33 124.97 191.13 477.66 152.18 26.96 428.20 917.90

Netherlands 3.95 70.05 154.71 227.67 434.09 51.19 350.96 550.27

Nepal 76.13 107.45 87.09 178.49 80.69 152.40 321.21 525.06

Germany 81.46 30.31 298.31 597.10 186.17 121.96 186.77 423.18

Hongkong 3,404.95 79.09 234.72 252.91 110.09 77.19 138.47 104.92Turkey 0.00 0.00 0.00 83.33 0.05 96.13 102.46

Singapore 12.11 20.42 17.28 61.69 169.82 7.64 62.99 99.95

UAE 0.00 0.00 0.00 10.23 15.59 0.00 35.41 90.15

Belgium 0.00 0.00 111.54 39.50 16.81 68.38

Thailand 4.67 5.59 28.93 32.49 23.06 40.61 33.64 52.31

Japan 130.08 113.73 65.67 14.06 16.76 22.13 103.88 48.99

Vietnam 0.17 3.78 1.93 9.33 4.14 26.20 50.19 43.85

Malaysia 0.81 8.25 13.67 12.32 10.98 16.04 24.53 31.02

South africa 10.58 25.13

Taiwan 0.90 2.85 2.70 3.58 7.17 5.12 3.50 14.59

Poland 1.13 3.89 0.00 0.04 51.64 14.52

slovenia 1.61 3.96 0.00 0.00 0.00 18.32 0.44 12.18

United States 4.73 10.78 25.33 30.66 292.88 171.20 29.34 11.23Others 40.44 38.24 171.75 90.60 99.24 70.65 165.58 33.44

Total Exports 31,485.95 28,420.13 31,852.79 35,584.94 35,221.68 35,258.08 37,214.64 41,287.68

Imports

India 35,201.07 41,838.28 43,889.37 47,847.62 53,740.51 55,284.73 53,972.67 60,108.06

South Korea 2,916.18 1,658.94 280.77 240.71 344.14 1,262.69 2,592.21 1,665.04

China 878.31 1,330.17 1,089.31 949.86 1,333.48 1,476.22 1,609.89 1,613.66

Singapore 1,844.52 783.47 969.73 724.56 1,391.27 1,206.31 1,066.04 1,486.23

Thailand 1,223.69 740.65 1,080.89 812.15 1,168.95 1,486.73 1,262.09 1,050.20

Japan 1,536.58 1,260.75 295.68 1,401.10 1,466.62 1,298.87 1,655.01 783.92

Bangladesh 169.35 281.29 161.43 170.34 169.66 218.17 329.18 453.99

UAE 49.94 81.08 69.90 150.24 161.15 306.61 372.09 401.65

Germany 639.17 223.89 304.20 478.37 416.77 407.65 577.33 340.54

United States 125.61 193.06 183.60 137.54 176.78 360.93 224.08 254.74

United Kingdom 129.10 93.09 207.74 90.94 172.95 112.10 220.77 205.57

Sweden 581.36 609.16 816.95 244.20 732.84 260.20 496.64 181.56

Hong Kong 133.46 166.45 90.55 119.41 133.73 179.14 154.55 172.77

Indonesia 120.93 292.87 71.37 78.56 119.88 97.20 56.34 163.75

Qatar 88.79 131.25 152.13 202.86 136.88 147.63 103.70 161.91

Austria 345.04 939.70 695.52 295.95 19.79 40.95 178.96 160.15

Norway 65.93 23.62 11.88 24.97 14.13 78.52 147.25 158.22

Malaysia 70.00 112.28 267.80 64.88 192.41 175.11 48.53 143.61

Italy 641.61 305.36 193.07 314.41 111.37 444.30 181.75 103.84

Switzerland 342.71 392.71 292.23 240.11 72.78 106.82 75.21 91.91

Others1)

1,594.28 1,635.54 2,148.88 2,295.75 5,961.23 2,408.98 1,671.71 1,940.23

Total Imports 48,697.64 53,093.61 53,272.99 56,884.54 68,037.33 67,359.84 66,996.00 71,641.57

*By latest year rankings. 1) Others include imports from COTI routed through India from 2012 onwards. An entry of "0.0" indicates a marginal value compared to "-" which indicates no value for that

particular item. Source: Bhutan Trade Statistics, Department of Revenue and Customs.

DIRECTION OF TRADE *

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Revenue Revenue Revenue Revenue Revenue Revenue Revenue

Jan 1,316 1.33 1,781 1.70 1,349 1.47 2,167 2.15 2,071 2.28 3,819 4.09 3,318 3.652,515.0

Feb 2,515 2.47 3,923 4.26 3,075 3.52 2,878 3.06 2,575 2.61 3,147 3.21 2,329 2.44

Mar 4,240 6.46 6,195 9.40 5,834 9.05 4,862 7.18 5,027 6.32 5,441 7.08 2,135 3.12

Apr 7,030 11.47 6,749 10.26 5,349 8.18 8,583 13.12 7,491 11.47 7,668 11.91

May 3,243 4.61 2,988 4.27 3,403 4.74 4,057 5.43 6,920 10.20 6,873 9.84

Jun 3,720 2.62 2,133 2.26 3,779 3.49 4,575 3.63 3,498 4.38 3,195 3.86

Jul 3,790 2.42 1,553 1.72 3,461 2.76 3,008 2.22 2,759 2.82 2,419 2.58

Aug 7,465 3.96 2,302 2.44 4,928 3.84 4,239 3.13 3,301 3.10 3,411 3.41

Sep 4,989 8.18 4,880 8.61 4,372 6.92 5,358 6.02 4,352 5.48 3,242 3.86

Oct 9,382 15.67 8,035 14.52 9,023 15.63 10,006 14.19 8,135 12.82 9,339 14.79

Nov 5,952 9.73 5,185 8.30 5,884 9.82 5,836 11.91 10,580 17.25 9,189 15.80

Dec 4,380 4.33 3,208 3.42 4,159 4.32 6,780 7.00 4,803 6.20 6,002 8.23

Total 58,022 73.22 51,447 71.15 54,616 73.73 62,349 79.04 61,512 84.90 63,745.0 88.65 7,782.0 9.21

The data has been revised from Dec' 2017 as TCB started using new visa and costing system

2015 2018

Number

2017

Number

2016

Number

Source: Tourism Council of Bhutan -Convertible currency paying

Tourist Arrivals and Revenue

Number of Tourists and Revenues (USD in Million)

2020

Number

2014 2019

NumberNumber Number

Period

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Period Total BHP CHP DHPCL KHP THP MHPA Total CHP DHPCL KHP THP MHPA Total BHP CHP KHP THP

2017Jan 288.39 15.91 76.81 18.15 19.76 157.76 203.57 106.36 52.01 0.00 45.20 325.67 24.89 100.03 19.87 180.89Feb 253.32 11.86 58.47 12.94 12.29 157.76 96.37 46.23 36.97 0.00 13.17 286.22 18.56 78.43 19.13 170.10Mar 283.60 13.43 77.68 14.50 17.42 160.57 198.07 96.99 42.18 0.00 58.90 335.09 20.97 96.11 27.23 190.77Apr 427.05 13.33 111.58 16.17 27.60 258.37 488.26 299.90 51.35 0.00 137.01 312.93 20.88 67.57 43.26 181.23May 455.96 17.57 142.42 18.69 38.91 238.37 724.31 283.32 56.86 19.70 364.43 303.70 27.66 28.92 46.34 200.77

Jun 724.51 28.46 190.64 31.98 44.72 428.71 1,211.56 413.18 124.89 28.25 645.23 343.93 44.96 56.40 49.08 193.49Jul 1,271.56 49.10 272.26 74.95 47.56 827.69 2,359.77 718.08 212.71 26.58 1,402.40 452.50 77.82 67.31 54.70 252.67Aug 1,280.92 48.97 268.39 85.13 48.00 830.44 2,374.78 697.21 233.12 35.18 1,409.26 447.83 77.84 71.25 49.00 249.74Sep 1,136.47 47.93 257.01 79.30 47.46 704.76 2,075.12 624.37 211.61 33.04 1,206.11 396.60 76.03 68.69 49.77 202.11Oct 835.92 40.47 222.05 57.19 45.23 470.99 1,370.28 518.98 150.72 30.46 670.12 410.28 64.07 70.25 48.23 227.73Nov 440.68 24.88 119.30 30.00 25.99 240.50 513.23 225.87 76.25 0.00 211.11 384.70 39.25 88.06 40.79 216.61Dec 320.94 18.73 86.82 21.35 19.51 174.52 229.71 100.09 54.24 0.00 75.37 384.51 29.42 108.36 30.51 216.21

2018

Jan 246.76 14.48 65.93 15.94 15.27 135.15 73.18 28.02 41.13 0.00 4.02 359.73 22.66 104.36 23.78 208.93Feb 191.14 11.25 50.83 12.42 12.84 103.80 31.02 0.00 31.02 0.00 0.00 296.59 17.59 96.55 19.99 162.47Mar 219.19 11.00 57.27 12.50 17.35 121.07 38.70 0.00 38.70 0.00 0.00 328.53 17.13 94.34 27.12 189.94Apr 257.24 10.23 70.36 5.98 23.82 146.85 108.81 90.69 18.12 0.00 0.00 339.61 15.88 74.17 37.29 212.26May 515.26 18.83 146.51 17.28 40.35 292.29 721.56 313.92 58.92 10.97 337.75 353.27 29.56 58.55 55.14 210.02Jun 700.86 25.30 197.45 26.20 45.93 405.97 1,222.52 465.01 132.81 27.01 597.69 346.71 39.89 55.96 51.90 198.96Jul 1,241.32 48.51 273.14 60.79 48.72 810.15 2,429.86 796.42 217.48 35.63 1,380.34 436.70 76.75 63.08 49.83 247.05Aug 1,258.56 47.12 269.90 84.15 47.25 810.15 2,470.11 801.81 263.00 24.96 1,380.34 442.56 74.83 66.15 54.53 247.05

Sept 1,104.14 47.42 255.08 63.62 46.82 691.20 2,093.50 694.07 207.16 30.93 1,161.34 395.59 74.92 62.16 50.38 208.13Oct 577.87 33.94 153.84 30.96 40.53 318.59 846.09 356.91 96.10 8.71 384.36 389.95 53.53 70.74 57.55 208.13Nov 342.01 20.98 91.73 19.91 24.19 185.21 312.76 139.11 59.29 0.00 114.36 370.35 33.11 91.19 37.92 208.13Dec 265.33 16.51 71.11 15.98 17.56 144.16 200.08 38.33 47.39 0.00 114.36 361.05 25.96 99.50 27.46 208.13

2019Jan 213.55 13.26 57.27 12.89 13.76 116.37 15.64 6.67 38.45 0.00 -29.48 341.42 20.90 94.58 21.41 204.54Feb 190.23 11.08 50.67 10.99 11.93 105.56 32.47 16.91 32.28 0.00 -16.72 293.09 17.44 78.34 18.59 178.72

Mar 258.36 12.23 71.82 12.71 16.89 144.71 137.61 78.43 38.42 0.00 20.76 325.78 0.00 84.57 26.43 214.78Apr 458.22 14.25 132.15 15.33 30.07 266.42 608.70 413.91 49.25 0.00 145.53 450.59 22.48 67.14 47.33 313.65May 577.26 14.97 161.36 16.57 45.63 338.73 850.64 353.70 61.61 19.03 416.29 358.56 23.55 60.32 57.59 217.10Jun 577.08 16.65 151.53 20.21 45.19 320.39 23.11 945.18 317.76 87.82 25.47 420.87 93.26 319.49 26.13 55.31 52.11 185.94Jul 1,348.92 43.20 259.73 67.47 46.97 738.04 193.51 3,035.72 734.21 229.43 33.73 1,252.95 785.40 413.39 68.41 60.61 48.89 235.48Aug 1,474.35 44.26 225.52 71.22 48.97 806.23 278.15 3,462.48 758.09 247.22 30.64 1,292.65 1,133.87 481.42 70.05 58.15 54.33 298.88Sep 1,487.31 46.33 192.93 71.44 46.93 786.21 343.47 3,608.80 704.65 253.92 32.61 1,227.02 1,390.61 500.93 73.52 60.57 49.62 317.22Oct 1,109.03 44.88 189.85 55.15 45.14 516.50 257.51 2,559.57 603.14 177.72 22.77 710.26 1,045.68 439.93 63.57 62.12 48.41 265.84

Nov 556.49 26.55 113.91 27.12 25.67 234.90 128.35 1,030.70 225.03 85.40 0.00 215.20 505.07 357.44 37.56 79.10 35.88 204.91Dec 397.56 18.81 80.98 19.17 18.31 163.77 96.52 584.55 96.09 59.02 0.00 35.49 393.95 374.79 26.54 92.60 25.77 229.89

2020Jan 313.72 14.88 59.58 15.36 14.72 131.58 77.59 399.31 45.07 48.71 0.00 -6.91 312.44 343.94 20.94 91.71 20.70 210.59Feb 254.11 11.60 48.76 12.61 12.79 104.40 63.95 234.20 -19.85 39.19 0.00 -38.79 253.65 287.12 16.23 60.63 17.97 192.28Mar 308.84 12.15 59.78 12.93 17.24 123.54 83.20 388.18 22.16 42.48 0.00 -13.92 337.45 330.26 17.02 83.91 24.20 205.13Apr 444.82 12.27 84.99 12.91 27.09 167.63 139.94 905.52 207.42 41.42 0.00 88.92 567.76 272.16 17.29 58.82 38.05 158.00May 996.56 12.27 166.02 30.03 43.78 426.93 317.53 2,510.39 500.43 106.61 28.59 585.58 1,289.19 293.13 31.79 51.46 42.50 167.38

Jun 1,452.90 38.74 195.69 57.40 44.73 675.70 440.64 3,875.58 739.30 193.28 37.09 1,116.06 1,789.84 296.20 54.77 45.97 38.14 157.32Jul 1,824.50 49.30 267.79 90.19 48.61 830.18 538.43 4,776.61 835.41 284.96 37.09 1,431.29 2,187.86 316.42 69.77 52.00 38.14 156.50

Production (Millions of Units) Export Sales (Nu. in Million) (1)

Domestic Sales (Nu. In Million) (2)

Source: Respective Hydropower Plants. (1) Power tariff for export to India: Nu.2.55 per unit for CHP with retrospective effect from January 2017 (revised from Nu. 2.25 in Jan 2017); Nu.2.12 per unit for KHP w.e.f Dec

2017 (revised from Nu.1.98 in May 2017) & THP; Nu.3.078 per unit for DHPCL with an annual escalation of 2% which is due on March 15, 2019 (2) Power tariff for domestic sales: Nu.0.13 per unit for royalty energy

(15% of total to government; revised from Nu.0.3 per unit from August 2010) and Nu.1.20 for the rest (industrial use mainly from KHP).BHP sales are to CHP at Nu.1.59 per unit w.e.f Jan 2017 (revised from Nu.1.39 in

May 2017). Domestic sales are exclusive of demand/wheeling charges.

Note: Export sales reflected here are net of any payments for the import of power from India in each month. "--" implies that percentage change was not calculated because either the previous month's value was 0 or

negative or the current month's value was negative.

Operations of Major Hydropower Projects

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Nu. in Million

RupeeConvertible

currencyRupee

Convertible

currency2016

Jul 3,884.15 1,281.47 2,602.67 32.99 67.01

Aug 3,727.14 1,432.38 2,294.76 38.43 61.57

Sep 4,904.58 2,559.28 2,345.30 52.18 47.82

Oct 3,848.84 1,582.01 2,266.83 41.10 58.90

Nov 3,020.17 1,710.50 1,309.68 56.64 43.36

Dec 3,736.26 1,144.14 2,592.12 30.62 69.38

2017

Jan 4,768.51 1,460.49 3,308.02 30.63 69.37

Feb 4,422.72 1,622.26 2,800.46 36.68 63.32

Mar 5,521.24 1,640.81 3,880.44 29.72 70.28

Apr 3,758.41 995.94 2,762.47 26.50 73.50

May 3,356.52 1,032.27 2,324.25 30.75 69.25

Jun 3,655.35 1,740.48 1,914.87 47.61 52.39

Jul 2,995.28 757.56 2,237.72 25.29 74.71

Aug 5,096.47 2,185.41 2,911.06 42.88 57.12

Sep 4,407.58 1,071.48 3,336.10 24.31 75.69

Oct 3,933.50 1,135.64 2,797.86 28.87 71.13

Nov 4,879.59 1,037.88 3,841.71 21.27 78.73

Dec 3,718.29 1,027.20 2,691.10 27.63 72.37

2018

Jan 5,055.36 1,754.33 3,301.02 34.70 65.30

Feb 6,576.68 2,443.86 4,132.82 37.16 62.84

Mar 5,290.68 1,759.36 3,531.32 33.25 66.75

Apr 5,927.84 2,589.49 3,338.36 43.68 56.32

May 5,685.86 2,487.28 3,198.58 43.75 56.25

Jun 5,356.82 1,585.13 3,771.70 29.59 70.41

Jul 5,310.73 1,321.90 3,988.83 24.89 75.11

Aug 5,653.79 1,561.07 4,092.72 27.61 72.39

Sept 6,631.79 2,515.28 4,116.51 37.93 62.07

Oct 6,738.40 1,605.81 5,132.59 23.83 76.17

Nov 5,159.65 1,485.24 3,674.41 28.79 71.21

Dec 4,616.93 1,697.82 2,919.12 36.77 63.23

2019

Jan 4,681.44 1,464.29 3,217.15 31.28 68.72

Feb 4,859.51 1,892.05 2,967.47 38.93 61.07

Mar 5,268.33 1,392.09 3,876.24 26.42 73.58

Apr 5,711.14 1,828.56 3,882.58 32.02 67.98

May 5,027.18 2,028.06 2,999.12 40.34 59.66

Jun 4,811.24 2,332.77 2,478.47 48.49 51.51

Jul 4,317.65 1,662.54 2,655.10 38.51 61.49

Aug 5,549.35 1,825.05 3,724.30 32.89 67.11

Sep 5,721.65 1,998.77 3,722.88 34.93 65.07

Oct 5,399.23 1,705.43 3,693.81 31.59 68.41

Nov 5,999.04 1,668.56 4,330.48 27.81 72.19

Dec 5,440.23 1,854.45 3,585.78 34.09 65.91

2020

Jan 5,298.38 1,552.10 3,746.29 29.29 70.71

Feb 6,475.94 1,843.78 4,632.16 28.47 71.53

Mar 5,458.76 1,974.86 3,483.90 36.18 63.82

Apr 4,753.00 1,578.33 3,174.67 33.21 66.79

May 4,556.35 1,583.53 2,972.82 34.75 65.25

Jun 4,963.58 1,721.61 3,241.98 34.68 65.32

In % of Total

Total

Of which:End of

Period

FOREIGN ASSETS OF COMMERCIAL BANKS

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In millions of respective currency unless otherwise indicated

Currency of

Remittance US Dollar

Pound

SterlingEuro

Australian

Dollar

Other

European

currencies

(valued in

BTN)

Other

currencies

(valued in

BTN)

TOTAL

(valued in

BTN)

2016

Jul 0.63 0.00 0.01 2.37 2.18 0.04 164.88Aug 0.74 0.00 0.01 2.89 3.90 0.18 202.54Sep 0.63 0.00 0.00 1.61 0.98 0.05 125.20Oct 0.57 0.00 0.00 1.46 0.34 0.22 112.67Nov 0.61 0.00 0.00 2.63 0.16 0.12 175.84

Dec 0.62 0.00 0.01 1.73 0.00 0.28 129.262017

Jan 0.59 0.00 0.01 2.84 0.10 0.27 185.37Feb 0.46 0.00 0.01 1.88 0.08 0.27 127.55Mar 0.85 0.00 0.02 1.25 2.57 0.08 122.84Apr 0.60 0.08 0.01 1.14 0.31 0.20 100.81May 0.58 0.00 0.07 0.99 0.36 0.47 90.89Jun 0.86 0.00 0.03 1.62 0.13 1.76 138.45Jul 0.91 0.01 0.09 3.87 0.16 0.14 261.28Aug 0.86 0.00 0.06 2.99 0.67 0.48 212.32Sep 0.83 0.01 0.07 3.27 0.28 0.35 228.11

Oct 0.66 0.00 0.02 2.10 0.10 0.94 152.11Nov 1.56 0.00 0.01 1.51 2.73 0.19 180.38Dec 1.06 0.00 0.01 1.26 0.25 0.18 131.01

2018

Jan 0.81 0.01 0.02 5.23 0.12 1.02 319.99Feb 0.71 0.00 0.02 2.75 0.43 0.47 187.87Mar 1.66 0.00 0.10 1.83 0.42 0.97 209.64Apr 1.16 0.01 0.05 3.02 0.13 1.35 235.82May 1.72 0.00 0.02 2.89 0.10 0.77 265.72Jun 1.25 0.00 0.02 1.28 0.15 0.98 152.79Jul 5.98 0.04 0.18 2.91 2.40 1.91 579.80

Aug 1.36 0.00 0.13 2.69 0.02 0.66 242.48Sept 1.25 0.00 0.01 3.59 0.00 0.50 278.85Oct 1.46 0.00 0.03 2.59 0.02 0.88 246.21Nov 0.90 0.00 0.01 2.13 0.01 0.32 176.96Dec 1.11 0.00 0.02 0.25 0.11 0.50 93.32

2019

Jan 1.91 0.00 0.02 1.21 0.00 5.63 129.04Feb 2.01 0.00 0.00 1.30 0.00 3.83 134.97Mar 1.66 0.00 0.01 1.13 0.02 1.42 110.99Apr 2.03 0.01 0.02 2.41 1.66 0.24 258.73May 1.88 0.01 0.02 2.05 6.13 1.31 236.03

Jun 1.81 0.01 0.03 2.05 0.25 3.12 231.30Jul 1.83 0.00 0.02 2.73 1.57 1.46 261.92Aug 1.70 0.01 0.01 3.01 0.60 4.15 272.06Sep 1.80 0.01 0.02 4.37 2.47 3.07 348.31Oct 2.15 0.00 0.06 1.34 4.08 2.97 229.33Nov 2.17 0.00 0.01 0.02 1.52 2.89 161.25Dec 2.74 0.03 0.03 0.12 6.13 1.31 236.03

2020

Jan 2.43 0.01 0.08 0.01 0.01 14.34 447.12Feb 2.38 0.01 0.04 0.01 0.02 13.59 276.65Mar 2.91 0.04 0.05 0.01 0.01 19.55 388.98

Apr 1.65 0.50 0.20 0.02 3.86 6.01 463.23May 1.54 0.02 0.05 0.02 1.62 5.98 797.23Jun 3.06 0.01 0.05 0.03 2.74 14.74 487.99Source: Bank of Bhutan Ltd, Bhutan National Bank Ltd,T-bank, Druk Punjab National Bank and IMF for exchange rates.

Note: Data from 2012 onwards for the two new commercial banks (DPNB and Tbank) have also been included and

therefore will not be comparable to past publications.

Non-Resident Bhutanese Remittances

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Period Average

Period 2009 2010 2011 2012 2013 2014 2015 2016 2017 2019 2020

Jan 48.83 45.96 45.39 51.35 54.31 62.08 62.14 67.29 68.09 63.65 70.75 71.33

Feb 49.26 46.33 45.44 49.16 53.75 62.25 62.03 68.24 66.74 64.37 71.21 71.49

Mar 51.23 45.50 44.99 50.32 54.39 61.01 62.45 67.02 65.92 65.01 69.48 74.32

Apr 50.06 44.50 44.37 51.80 54.38 60.36 62.75 66.47 64.51 65.66 69.43 76.19

May 48.53 45.81 44.90 54.47 55.03 59.31 63.81 66.89 64.41 67.54 69.79 75.66

Jun 47.77 46.56 44.85 56.03 58.33 59.73 63.86 67.30 64.44 67.79 69.44 75.71

Jul 48.48 46.84 44.42 55.50 59.78 60.06 63.65 67.22 64.44 68.70 68.81 75.02

Aug 48.34 46.57 45.28 55.56 63.21 60.90 65.07 66.94 63.97 69.53 71.15

Sep 48.44 46.06 47.64 54.61 63.64 60.88 66.19 66.74 64.46 72.30 71.33

Oct 46.72 44.41 49.26 53.02 61.63 61.35 65.08 66.76 65.09 73.62 71.05

Nov 46.57 45.02 50.84 54.78 62.71 61.68 66.05 67.53 64.87 71.82 71.43

Dec 46.63 45.16 52.67 54.65 61.95 62.71 66.60 67.90 64.24 70.83 71.19

Calendar year

average48.41 45.73 46.67 53.44 58.59 61.03 64.14 67.19 65.10 68.40 70.42 86.62

2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20

47.78 46.65 45.33 50.27 54.86 61.47 62.05 66.32 66.43 65.09 70.58 72.47

Source: International Financial Statistics, IMF

Fiscal year

average

EXCHANGE RATE, NGULTRUM/US DOLLAR

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Jan Feb Mar Apr Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

Agriculture 5,907.43 6,052.95 6,171.93 6,298.68 6,247.26 6,262.01 6,328.15 6,335.26 6,357.54 6,341.64 6,274.68 6,267.69 6,320.70 6,417.06 6,505.10 6,567.41 6,629.58

Service and Tourism 29,280.07 29,565.39 29,984.77 30,617.24 31,523.66 31,930.15 33,025.23 33,250.56 33,720.73 34,411.68 37,106.23 37,330.89 37,927.14 37,876.55 37,896.56 39,213.27 39,619.93

Manufacturing 14,297.27 14,430.84 14,835.60 15,114.14 15,231.83 15,405.58 15,659.53 15,085.02 15,239.66 16,380.61 16,580.08 16,719.57 16,898.06 17,026.02 17,306.08 16,848.69 16,957.05

Building & Construction 29,006.55 29,394.61 29,960.10 30,986.59 32,581.84 33,428.26 34,345.25 35,185.49 35,877.49 36,580.52 37,160.11 37,531.18 37,959.00 38,544.07 39,050.52 39,419.86 39,728.29

Trade & Commerce 17,129.32 17,299.36 17,689.60 17,601.11 17,719.01 18,018.73 18,337.75 18,591.51 18,962.52 18,622.21 16,500.79 16,885.64 16,441.79 17,116.31 17,673.89 17,952.83 17,913.58

Transport 6,775.83 6,918.89 6,886.96 6,947.18 6,747.64 6,814.57 6,748.39 6,706.37 6,685.87 6,478.53 6,336.81 6,252.70 6,281.56 6,224.12 6,183.24 6,212.33 6,279.66

Personal Loans 12,491.21 12,383.39 13,758.91 13,768.93 13,816.89 13,950.73 13,917.15 13,941.94 13,991.79 14,508.35 14,559.75 15,022.84 14,850.19 14,221.58 14,335.97 16,391.05 14,279.60

Loan Against Shares 524.81 520.81 506.51 497.45 553.12 401.08 418.68 386.69 352.72 412.19 403.05 70.55 411.30 405.91 408.13 408.06 417.85

Government (Short term loans) 424.00 427.23 430.80 410.65 855.42 397.30 400.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Credit Card 19.80 21.87 18.03 20.12 22.96 20.85 24.24 23.84 27.78 22.64 19.65 25.78 23.03 18.74 15.97 15.42 15.41

Others 4,965.15 5,522.08 3,850.81 4,036.47 4,295.73 3,890.50 3,569.94 3,624.46 3,872.51 3,877.10 4,157.45 3,858.46 3,662.15 3,466.15 3,314.41 3,240.01 3,207.73

Total 120,821.43 122,537.43 124,094.03 126,298.57 129,595.36 130,519.76 132,774.95 133,131.14 135,088.62 137,635.47 139,098.60 139,965.30 140,774.92 141,316.51 142,689.88 146,268.92 145,048.69

*Sectoral Credit excludes credit from

National Pension and Provident Fund.

2020

Sectoral Credit by the Financial Institutions*

2019

Nu. in Million / End of Period

Sub sector

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Nu. in Million

Cash CRRRMA

Bills

Other

depositsCash CRR

RMA

Bills

Other

deposits2016

Jul 17,886.61 3,838.14 8,135.92 0.00 5,912.55 21.46 45.49 0.00 33.06

Aug 21,278.48 4,038.53 8,289.87 0.00 8,950.08 18.98 38.96 0.00 42.06

Sep 18,145.82 4,150.64 8,754.29 0.00 5,240.89 22.87 48.24 0.00 28.88

Oct 24,863.04 3,397.29 8,564.31 0.00 12,901.44 13.66 34.45 0.00 51.89

Nov 26,618.26 3,288.00 9,016.28 0.00 14,313.98 12.35 33.87 0.00 53.78

Dec 25,197.76 2,120.36 9,504.85 0.00 13,572.56 8.41 37.72 0.00 53.86

2017

Jan 27,559.01 1,907.74 9,709.58 0.00 15,941.69 6.92 35.23 0.00 57.85

Feb 31,791.77 2,012.55 9,368.37 0.00 20,410.86 6.33 29.47 0.00 64.20

Mar 20,674.64 2,111.65 9,545.07 0.00 9,017.91 10.21 46.17 0.00 43.62

Apr 29,871.56 2,130.99 9,852.95 0.00 17,887.61 7.13 32.98 0.00 59.88

May 23,090.87 2,513.40 10,010.77 0.00 10,566.70 10.88 43.35 0.00 45.76

Jun 25,197.82 2,741.24 10,284.03 0.00 12,172.55 10.88 40.81 0.00 48.31

Jul 28,427.38 2,966.10 10,204.68 0.00 15,256.60 10.43 35.90 0.00 53.67

Aug 18,396.47 2,808.51 10,239.40 0.00 5,348.57 15.27 55.66 0.00 29.07

Sep 22,828.96 2,697.35 10,211.63 0.00 9,919.98 11.82 44.73 0.00 43.45

Oct 25,686.00 2,675.59 10,060.53 0.00 12,949.88 10.42 39.17 0.00 50.42

Nov 21,351.31 2,550.37 10,424.33 0.00 8,376.60 11.94 48.82 0.00 39.23

Dec 24,038.20 2,496.50 10,540.18 0.00 11,001.52 10.39 43.85 0.00 45.77

2018

Jan 19,772.97 2,823.07 10,625.08 0.00 6,324.82 14.28 53.74 0.00 31.99

Feb 23,669.17 3,488.63 10,629.22 0.00 9,551.32 14.74 44.91 0.00 40.35

Mar 21,228.95 2,902.26 10,909.80 0.00 7,416.89 13.67 51.39 0.00 34.94

Apr 17,690.63 2,849.74 11,380.65 0.00 3,460.25 16.11 64.33 0.00 19.56

May 20,024.19 2,834.20 10,841.33 0.00 6,348.66 14.15 54.14 0.00 31.70

Jun 23,752.50 3,033.07 11,036.20 0.00 9,683.23 12.77 46.46 0.00 40.77

Jul 22,899.77 3,248.24 11,155.89 0.00 8,495.64 14.18 48.72 0.00 37.10

Aug 22,674.24 3,130.54 11,156.42 0.00 8,387.28 13.81 49.20 0.00 36.99

Sept 25,932.46 3,276.55 11,313.62 0.00 11,342.29 12.63 43.63 0.00 43.74

Oct 21,740.67 3,056.66 11,267.93 0.00 7,416.09 14.06 51.83 0.00 34.11

Nov 25,912.61 2,885.37 11,452.79 0.00 11,574.44 11.14 44.20 0.00 44.67

Dec 20,178.93 2,640.86 11,808.36 0.00 5,729.71 13.09 58.52 0.00 28.39

2019

Jan 18,752.88 2,701.52 11,483.61 0.00 4,567.75 14.41 61.24 0.00 24.36

Feb 21,238.41 3,078.97 11,484.58 0.00 6,674.85 14.50 54.07 0.00 31.43

Mar 19,660.98 2,868.90 11,298.53 0.00 5,493.55 14.59 57.47 0.00 27.94

Apr 19,305.33 3,163.84 11,524.25 0.00 4,617.24 16.39 59.69 0.00 23.92

May 17,358.72 2,807.14 11,904.12 0.00 2,647.46 16.17 68.58 0.00 15.25

Jun 21,724.87 2,801.22 11,995.34 0.00 6,928.31 12.89 55.21 0.00 31.89

Jul 20,374.29 2,816.08 12,007.17 0.00 5,551.04 13.82 58.93 0.00 27.25

Aug 18,560.90 2,890.64 12,155.59 0.00 3,514.67 15.57 65.49 0.00 18.94

Sep 22,416.48 2,974.63 12,481.11 0.00 6,960.75 13.27 55.68 0.00 31.05

Oct 24,165.24 2,827.70 12,860.33 0.00 8,477.20 11.70 53.22 0.00 35.08

Nov 25,381.71 2,596.99 13,110.53 0.00 9,674.19 10.23 51.65 0.00 38.11

Dec 24,884.94 1,924.75 13,450.96 0.00 9,509.23 7.73 54.05 0.00 38.21

2020

Jan 31,554.01 2,837.90 13,659.24 0.00 15,056.88 8.99 43.29 0.00 47.72

Feb 26,080.87 2,929.90 13,762.54 0.00 9,388.43 11.23 52.77 0.00 36.00

Mar 27,894.19 2,834.63 12,754.77 0.00 12,304.79 10.16 45.73 0.00 44.11

Apr 27,887.01 3,018.32 10,137.85 0.00 14,730.84 10.82 36.35 0.00 52.82

May 26,518.05 2,741.08 10,029.07 0.00 13,747.90 10.34 37.82 0.00 51.84

Jun 30,833.12 2,851.04 10,223.78 0.00 17,758.30 9.25 33.16 0.00 57.59

End of

PeriodTotal

Of which: In % of Total

COMMERCIAL BANKS' RESERVES

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Nu. in Million/End of Period

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

Total Deposits 111,672.64 108,345.41 112,869.30 115,465.03 117,358.15 121,708.18 121,552.37 126,641.26 125,078.16 125,321.52 129,887.27 131,475.99 133,107.62Individuals 74,013.46 70,336.11 74,818.81 72,298.69 71,824.77 74,177.66 73,474.68 79,823.38 76,468.51 76,794.12 83,850.59 84,572.90 84,503.73Govt. Corps. 14,987.29 15,252.90 14,971.41 15,622.11 16,734.28 18,641.11 19,301.26 21,324.28 21,529.11 20,273.97 18,278.89 19,025.65 18,870.56Others 22,671.89 22,756.41 23,079.09 27,544.23 28,799.10 28,889.42 60,733.81 25,493.60 27,080.54 28,253.42 27,757.80 27,877.44 29,733.34Demand deposits 59,459.27 57,303.55 59,413.99 60,410.81 60,072.12 62,154.62 60,879.00 62,383.27 62,822.57 67,477.48 72,958.46 74,051.99 73,792.78Individuals 47,587.89 46,038.53 48,409.02 48,906.07 48,059.09 49,794.40 48,555.93 50,017.80 50,330.73 50,490.09 56,512.24 58,376.24 57,140.06Govt. Corps. 2,417.28 2,381.46 2,176.97 2,582.31 2,926.35 2,909.11 2,642.21 3,296.08 3,629.99 4,794.61 4,539.73 4,195.79 4,302.76Others 9,454.09 8,883.57 8,828.00 8,922.42 9,086.68 9,451.12 9,680.86 9,069.38 8,861.85 12,192.78 11,906.48 11,479.96 12,349.96Time Deposits 52,213.37 51,041.86 53,455.31 55,054.22 57,286.03 59,553.56 60,673.37 64,257.99 62,255.59 57,844.04 56,928.82 57,424.00 59,314.85Individuals 26,425.57 24,297.58 26,409.79 23,392.62 23,765.68 24,383.26 24,918.75 29,805.57 26,137.78 26,304.04 27,338.35 26,196.66 27,363.67Govt. Corps. 12,570.00 12,871.44 12,794.43 13,039.80 13,807.93 15,732.00 16,659.06 18,028.20 17,899.12 15,479.36 13,739.15 14,829.86 14,567.80Others 13,217.80 13,872.84 14,251.09 18,621.81 19,712.43 19,438.30 19,095.56 16,424.22 18,218.69 16,060.65 15,851.31 16,397.48 17,383.38% of total depositsIndividuals 66.28 64.92 66.29 62.62 61.20 60.95 60.45 63.03 61.14 61.28 64.56 64.33 63.49Govt. Corps. 13.42 14.08 13.26 13.53 14.26 15.32 15.88 16.84 17.21 16.18 14.07 14.47 14.18Others 20.30 21.00 20.45 23.86 24.54 23.74 23.67 20.13 21.65 22.54 21.37 21.20 22.34Demand deposits 53.24 52.89 52.64 52.32 51.19 51.07 50.08 49.26 50.23 53.84 56.17 56.32 55.44Individuals 42.61 42.49 42.89 42.36 40.95 40.91 39.95 39.50 40.24 40.29 43.51 44.40 42.93Govt. Corps. 2.16 2.20 1.93 2.24 2.49 2.39 2.17 2.60 2.90 3.83 3.50 3.19 3.23Others 8.47 8.20 7.82 7.73 7.74 7.77 7.96 7.16 7.09 9.73 9.17 8.73 9.28Time Deposits 46.76 47.11 47.36 47.68 48.81 48.93 49.92 50.74 49.77 46.16 43.83 43.68 44.56Individuals 23.66 22.43 23.40 20.26 20.25 20.03 20.50 23.54 20.90 20.99 21.05 19.93 20.56Govt. Corps. 11.26 11.88 11.34 11.29 11.77 12.93 13.71 14.24 14.31 12.35 10.58 11.28 10.94Others 11.84 12.80 12.63 16.13 16.80 15.97 15.71 12.97 14.57 12.82 12.20 12.47 13.06

2020

Deposit Liabilities of Commercial Banks

2019Item

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BOBL BNBL T-Bank Ltd DPNBL BDBL

Savings Deposit 5.00 5.00 5.75 5.00 5.60

Time Deposit (Individuals):

a) Recurring Deposit

3 months to less than 1 year 4.75-5.00 - 5.50-5.75 3.00-5.00 5.75-6.00

1 year to less than 2 years 6.75-7.00 7.00 6.75 6.50 7.00

2 years to less than 3 years 7.25 7.50 7.25 6.50 7.50

3 years to less than 4 years 7.25 8.00 8.00 7.25 8.00

More than 4 years 7.25 8.00-8.75 8.00-9.00 7.25-8.75 8.25-9.10

b) Fixed Deposit

3 months to less than 1 year 5.50 5.50 5.00-5.75 3.00-5.00 5.90-6.00

1 year to less than 2 years 6.75 6.00 6.75 6.50 7.00

2 years to less than 3 years 7.25 6.50 7.25 6.50 7.30

3 years to less than 4 years 7.50 7.25 8.00 7.25 8.00

More than 4 years 7.75-8.50 7.50-9.00 8.00-9.00 7.25-8.75 8.00-9.10

Source: Respective Banks

Selected Interest Rates in Bhutan

Deposit Rates

Type of Deposits% per annum

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Loans by Purpose BOBL BNBL T-Bank Ltd DPNBL BDBL RICBL BIL

1. General Trade 9.95-12.36 10.50-12.50 12.50-13.00 11.00-12.50 12.25 12.50 13.00

2. Export Finance 9.50 - - - - - -

3. Manufacturing Industry 8.00-13.00 11.50-12.00 10.00-11.00 10.00-12.50 11.30-12.30 12.00 12.00

4. Service Industries 7.94-13.00 8.50-12.50 8.50-9.50 10.00-12.00 10.70-11.20 12.00 12.00

5. Transport 9.20-9.44 10.50-12.00 9.50-11.50 9.75-11.00 12.50 12.50 13.00

6. Agriculture & Livestock 8.17-10.85 10.00 8.00 10.00-11.00 10.25-10.50 12.00 -

7. Housing 7.98-12.90 9.00-13.00 9.25-11.00 9.75-11.25 10.00-11.25 12.00 12.00

8. Personal Loan 9.27-13.46 13.50-14.00 13.00 11.00-14.00 13.50 13.00 14.00

9. Govt. Employee Loan 8.50 9.50-11.00 8.75 9.50 9.50 - -

10. Business Loan 9.23-11.66 12.00-13.00 11.00-12.00 10.50-11.50 12.00 12.00-14.00 14.00

Source: Respective Institutions

Banks

% per annum

Selected Interest Rates in Bhutan, Continued.

Non-Banks

Lending Rates

% per annum

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Week ended Base Rates* Term Deposit Rates**

2019Aug 30 8.95-9.40 6.35/7.10Sep 06 8.95-9.40 6.25/7.10Sep 13 8.95-9.40 6.25/7.10Sep 20 8.95-9.40 6.25/7.00Sep 27 8.95-9.40 6.25/7.00Oct 04 8.95-9.40 6.25/7.00Oct 11 8.95-9.40 6.25/7.00Oct 18 8.95-9.40 6.25/7.00Oct 25 8.95-9.40 6.25/6.85Nov 01 8.95-9.40 6.25/6.85Nov 08 8.95-9.40 6.25/6.85Nov 15 8.95-9.40 6.25/6.85Nov 22 8.95-9.40 6.25/6.60Nov 29 8.95-9.40 6.25/6.60Dec 06 8.95-9.40 6.25/6.60Dec 13 8.95-9.40 6.20/6.40Dec 20 8.95-9.40 6.20/6.40Dec 27 8.45-9.40 6.20/6.40

2020Jan 03 8.45-9.40 6.20/6.40Jan 10 8.45-9.40 6.10/6.40Jan 17 8.45-9.40 6.10/6.40Jan 24 8.45-9.40 6.10/6.40Jan 31 8.45-9.40 6.10/6.40Feb 07 8.45-9.40 6.00/6.40Feb 14 8.45-9.40 6.00/6.40Feb 21 8.45-9.40 6.00/6.40Feb 28 8.45-9.40 6.00/6.40Mar 06 8.45-9.40 6.00/6.40Mar 13 8.15-9.40 5.90/6.40Mar 20 8.15-9.40 5.90/6.40Mar 27 8.15-9.40 5.90/6.40Apr 03 8.15-9.40 5.70/6.20Apr 10 8.15-9.40 5.70/6.00Apr 17 8.15-9.40 5.70/6.00Apr 24 8.15-9.40 5.70/6.00May 01 8.15-9.40 5.70/6.00May 08 8.15-9.40 5.70/6.00May 15 8.15-9.40 5.50/5.90May 22 8.15-9.40 5.50/5.90May 29 8.15-9.40 5.10/5.90Jun 05 8.15-9.00 5.10/5.75Jun 12 7.40-9.00 5.10/5.75Jun 19 7.40-9.00 5.10/5.65Jun 26 7.40-9.00 5.10/5.65Jul 03 7.40-9.00 5.10/5.50Jul 10 7.40-9.00 5.10/5.50Jul 17 7.40-9.00 5.10/5.50Jul 24 7.40-9.00 5.10/5.50Jul 31 7.40-9.00 5.10/5.50Aug 07 7.40-9.00 5.00/5.40Aug 14 7.40-9.00 5.00/5.40

Selected Interest Rates in India

Source: Weekly Statistical Supplement, RBI website

*Base Rates relates to five major Banks since July 1, 2010

**Term Deposit Rates relates to five major banks for deposits with more than

one year maturity.

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Ngultrum in Million

QIV Total QIII QIV Total QI QII QIII QIV Total QI QII

(1) Army Welfare Project 347.82 1,204.75 305.47 394.06 1,373.74 395.29 334.09 321.38 440.02 1,490.78 427.60

Exports to India 0.00 2.91 2.31 2.55 6.46 2.59 6.80 9.84 16.54 35.77 20.23

Exports to Countries other than India 0.00 0.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sales within Bhutan 347.82 1,201.45 303.16 391.51 1,367.29 392.70 327.29 311.53 423.48 1,455.00 407.37

(2) Bhutan Board Products Limited 23.70 427.81 61.59 254.64 409.34 48.31 66.77 172.51 172.51 460.09 34.62

Exports to India 3.39 290.57 42.08 171.83 261.82 36.08 40.27 112.09 112.09 300.53 21.93

Exports to Countries other than India 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sales within Bhutan 20.31 137.23 19.52 82.80 147.52 12.23 26.50 60.42 60.42 159.57 12.70

(3) Bhutan Carbide & Chemicals Ltd. 453.93 1,520.60 383.60 334.82 1,486.95 365.85 238.79 276.80 632.54 1,513.98

Exports to India 450.16 1,508.30 383.60 311.96 1,414.88 330.11 225.40 275.15 544.04 1,374.69

Exports to Countries other than India 0.00 0.00 0.00 22.86 22.86 35.74 8.27 0.00 87.19 131.19

Sales within Bhutan 3.77 12.30 0.00 0.00 49.21 0.00 5.13 1.65 1.32 8.10

(4) Bhutan Fruit Products Limited 448.77 1,385.39 444.06 297.09 1,716.06 397.68 533.51 661.03 361.71 1,953.93 321.77 177.50

Exports to India 269.67 800.83 242.53 171.37 1,088.60 297.14 347.44 472.39 213.70 1,330.67 251.80 81.51

Exports to Countries other than India 7.37 30.39 7.42 8.49 31.79 7.28 8.39 8.46 7.92 32.05 7.94 0.00

Sales within Bhutan 171.73 554.17 194.11 117.23 595.67 93.26 177.68 180.18 140.09 591.21 62.03 95.99

(5) Bhutan Polythene Company Ltd. 40.73 190.99 17.66 16.99 109.02 18.55 42.34 24.92 31.88 117.69 34.92 56.60

Exports to India 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Exports to Countries other than India(*) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sales within Bhutan 40.73 190.99 17.66 16.99 109.02 18.55 42.34 24.92 31.88 117.69 34.92 56.60

(6) Penden Cement Authority Ltd. 471.36 1,706.25 421.45 431.99 1,666.53 432.60 424.46 311.23 496.16 1,664.46 324.22

Exports to India 250.30 803.94 197.32 237.81 824.93 233.91 157.91 81.05 280.00 752.88 170.49

Exports to Countries other than India 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sales within Bhutan 221.06 902.32 224.14 194.18 841.60 198.69 266.55 230.18 216.17 911.58 153.74

(7) Bhutan Ferro Alloys Limited 673.01 2,441.85 678.27 458.25 2,528.57 453.99 328.42 614.39 701.71 2,098.51 565.68 120.68

Exports to India 588.18 2,050.16 633.23 428.56 2,237.50 450.12 325.83 582.26 611.61 1,969.82 499.68 117.64

Exports to Countries other than India 83.78 243.01 39.25 24.74 192.55 0.00 0.00 1.89 13.59 15.48 56.10 -

Sales within Bhutan 1.05 148.68 5.79 4.95 98.52 3.87 2.59 30.24 76.51 113.21 9.90 3.04

(8) Bhutan Agro Industries Limited 38.12 190.30 60.38 40.11 182.31 39.62 63.57 61.51 37.88 202.59 32.16 45.24

Exports to India 0.16 4.54 0.58 1.03 5.86 1.36 2.07 0.94 0.13 4.49 0.98 1.01

Exports to Countries other than India 0.00 0.41 0.00 0.00 0.00 0.26 0.49 0.00 0.00 0.75 0.00 -

Sales within Bhutan 37.96 185.35 59.79 39.08 176.46 38.01 61.01 60.57 37.75 197.35 31.18 44.23

(9) S.D. Eastern Bhutan Coal Company Ltd. 241.16 882.93 305.58 208.53 1,091.34 295.75 138.68 195.33 222.82 852.58

Exports to India 7.79 7.79 0.00 0.00 0.00 0.00 0.00 0.00 0.18 0.18

Exports to Countries other than India 51.74 137.00 140.58 23.83 345.62 31.00 17.28 4.62 0.00 52.90

Sales within Bhutan 181.63 738.15 165.00 184.70 745.72 264.75 121.40 190.71 222.64 799.50

(10) Druk Satair Corporation Limited 186.80 623.44 225.83 249.38 931.55 11.97 11.97

Exports to India 82.46 309.28 111.72 111.60 431.08 10.00 10.00

Exports to Countries other than India 72.91 197.01 84.76 112.96 355.42 1.39 1.39

Sales within Bhutan 31.43 117.15 29.35 24.82 145.06 0.58 0.58

(11) Druk Plaster & Chemicals Limited 13.33 37.94 15.91 9.68 61.16 9.26 6.95 10.70 26.91

Exports to India 3.89 11.86 0.17 0.00 7.04 0.05 0.03 0.19 0.27

Exports to Countries other than India 9.39 25.65 15.74 9.65 54.00 9.17 6.87 10.46 26.49

Sales within Bhutan 0.05 0.44 0.00 0.03 0.12 0.04 0.05 0.05 0.15

(12) Bhutan Concast (P) Limited 334.92 1,093.08 407.03 369.32 1,459.49 398.10 319.14 346.98 400.94 1,465.15 447.39

Exports to India 334.92 988.06 407.03 362.04 1,440.28 398.10 319.14 346.98 400.94 1,465.15 446.85

Exports to Countries other than India 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sales within Bhutan 0.00 105.02 0.00 7.28 19.21 0.00 0.00 0.00 0.00 0.00 0.55

(13) Druk Wang Alloys Limited 362.07 1,235.43 377.42 316.60 1,499.02 314.65 289.09 156.97 361.37 1,122.08 233.83 242.22

Exports to India 132.13 575.58 233.61 117.53 730.04 120.03 207.70 138.39 290.91 757.03 229.69 214.31

Exports to Countries other than India 153.18 465.58 143.81 199.06 674.08 124.95 0.00 3.69 70.46 199.10 4.14 0.00

Sales within Bhutan 76.75 194.28 0.00 0.00 94.90 69.67 81.39 14.90 0.00 165.96 0.00 27.91

(14) Pelden Enterprise Limited 302.33 1,004.79 288.13 222.82 1,167.80 211.18 157.08 142.32 104.89 615.47 5.66

Exports to India 192.54 726.99 181.92 182.76 723.94 171.63 145.75 135.06 96.20 548.64 5.66

Exports to Countries other than India 105.33 270.64 94.32 36.84 393.24 35.81 9.73 5.61 0.00 51.15 0.00

Sales within Bhutan 4.46 7.16 11.89 3.22 50.62 3.74 1.60 1.65 8.69 15.68 0.00

(15) Saint Gobain Ceramic Materials Bhutan (P) Ltd. 176.10 695.11 197.48 210.12 774.80 195.68 162.62 148.15 187.70 694.16 161.98 38.78

Exports to India 176.10 695.11 197.48 209.94 774.62 195.49 162.53 148.15 187.60 693.77 161.55 38.78

Exports to Countries other than India 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sales within Bhutan 0.00 0.00 0.00 0.18 0.18 0.19 0.10 0.00 0.10 0.39 0.43 0.00

(16) Lhaki Steels & Rolling (P) Ltd. 696.00 3,015.40 1,096.86 1,001.24 4,281.03 1,059.83 1,056.02 997.50 788.08 3,901.42 871.11

Exports to India 60.26 424.54 28.69 13.15 464.26 29.50 0.00 0.00 22.64 52.14 91.57

Exports to Countries other than India 0.00 0.00 90.89 76.48 194.72 0.00 22.45 11.63 0.00 34.08 0.00

Sales within Bhutan 635.73 2,590.86 977.28 911.60 3,622.05 1,030.32 1,033.57 985.87 765.44 3,815.20 779.54

(17) Bhutan Brewery (P) Ltd. 478.74 1,844.78 260.91 270.27 1,025.67 256.57 297.11 320.40 342.18 1,216.26 315.51 219.25

Exports to India 4.66 18.51 13.49 1.49 53.03 8.05 12.09 27.85 12.21 60.20 21.68 5.65

Exports to Countries other than India 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -

Sales within Bhutan 474.08 1,826.27 247.42 268.78 972.64 248.52 285.02 292.55 329.97 1,156.06 293.83 213.60

(18) Druk Cement (P) Ltd. 16.62 90.06 12.00 9.20 62.08 10.58 23.20 14.29 15.18 63.25

Exports to India 8.27 26.60 8.20 7.10 34.80 8.54 19.97 11.25 12.53 52.29

Exports to Countries other than India 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sales within Bhutan 8.34 63.46 3.79 2.10 27.28 2.04 3.23 3.04 2.65 10.96

(19) Druk Ferro Alloys Limited 295.37 993.13 250.73 276.10 1,254.09 305.75 191.67 176.57 321.44 995.42 42.41

Exports to India 278.30 935.81 154.15 182.89 808.89 276.18 176.16 158.56 285.99 896.88 42.41

Exports to Countries other than India 17.07 57.32 63.32 0.00 133.83 0.00 0.00 0.00 0.00 0.00 0.00

Sales within Bhutan 0.00 0.00 33.26 93.21 311.37 29.57 15.51 18.01 35.45 98.54 0.00

(20) Tashi Beverages Limited 106.65 513.67 173.40 125.12 597.20 144.89 185.69 198.21 136.26 665.05 141.60 163.37

Exports to India 0.00 0.00 3.40 8.70 12.10 14.29 10.58 7.17 3.04 35.07 8.87 3.84

Exports to Countries other than India 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2019 2017 2018

SALES OF MAJOR INDUSTRIES

2020Industry

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Sales within Bhutan 106.65 513.67 170.00 116.42 585.10 130.60 175.11 191.04 133.22 629.98 132.73 159.53

(21) Bhutan Silicon Metal (P) Limited 260.88 724.87 304.68 193.99 1,081.08 374.62 194.54 199.41 233.02 1,001.59 63.12

Exports to India 260.88 724.87 293.11 185.36 997.67 353.13 192.47 196.66 210.14 952.40 60.75

Exports to Countries other than India 0.00 0.00 7.87 0.00 62.55 16.83 0.00 0.00 19.32 36.15 0.00

Sales within Bhutan 0.00 0.00 3.69 8.64 20.86 4.66 2.07 2.75 3.56 13.04 2.37

TOTAL 5,968.40 21,822.58 6,134.30 5,507.41 23,949.93 5,464.53 4,877.60 5,192.02 5,702.29 22,133.33 4,023.60 1,063.64

Exports to India 3,104.07 10,906.24 2,980.48 2,524.79 11,508.90 2,660.11 2,175.98 2,545.40 3,014.49 11,292.87 2,034.14 462.74

Exports to Countries other than India 500.78 1,427.40 687.96 514.92 2,460.66 262.43 73.48 46.35 198.47 580.73 68.18 0.00

Sales within Bhutan 2,363.55 9,488.95 2,465.86 2,467.71 9,980.38 2,541.99 2,628.15 2,600.27 2,489.32 10,259.73 1,921.28 600.90

Source : Respective manufacturing industries. Data available for industries Sl.no 12 to 22 from Q3, 2014 onwards. (Note: An entry of "0.0" indicates a marginal value compared to "-" which indicates no value for that particular item).

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TotalCurrent

account

Savings

deposits

2016Jul 79,612.43 44,449.82 5,637.30 38,812.52 17,382.53 21,430.00 35,162.62 33,190.59 1,972.03Aug 83,622.04 47,876.37 5,242.27 42,634.10 20,850.41 21,783.69 35,745.67 33,657.27 2,088.40Sep 81,672.60 45,298.58 5,176.93 40,121.65 18,151.63 21,970.01 36,374.03 34,272.11 2,101.91Oct 88,028.83 50,863.53 6,027.65 44,835.89 22,390.98 22,444.90 37,165.29 34,886.98 2,278.31Nov 91,295.81 51,519.93 6,958.90 44,561.02 20,686.45 23,874.58 39,775.89 38,041.24 1,734.65Dec 93,680.71 52,057.52 8,318.93 43,738.60 19,675.44 24,063.15 41,623.18 39,218.34 2,404.842017Jul 109,494.38 65,904.28 8,872.33 57,031.95 30,036.25 26,995.70 43,590.10 41,205.52 2,384.58Aug 102,965.35 56,999.61 8,510.69 48,488.92 21,055.19 27,433.73 45,965.74 43,183.66 2,782.08Sep 103,078.64 60,846.12 8,523.58 52,322.54 24,266.26 28,056.28 42,232.52 38,986.30 3,246.21Oct 107,149.45 61,885.06 8,416.99 53,468.07 25,405.36 28,062.71 45,264.39 41,756.35 3,508.04Nov 105,724.61 61,691.27 8,442.03 53,249.24 25,050.80 28,198.44 44,033.34 40,747.78 3,285.56Dec 110,000.90 63,478.17 8,767.08 54,711.09 26,679.47 28,031.62 46,522.73 43,249.90 3,272.842018Jul 114,866.12 65,972.75 8,993.16 56,979.60 25,045.54 31,934.06 48,893.37 46,646.84 2,246.52Aug 113,026.59 64,022.08 8,843.36 55,178.72 22,620.23 32,558.49 49,004.51 47,272.34 1,732.17Sept 116,378.95 68,480.72 8,447.80 60,032.92 27,100.14 32,932.78 47,898.23 45,860.06 2,038.17Oct 118,382.23 68,022.71 9,043.89 58,978.82 24,859.23 34,119.59 50,359.52 48,126.97 2,232.55Nov 122,564.12 70,790.18 9,159.08 61,631.10 26,912.60 34,718.50 51,773.94 50,046.47 1,727.47Dec 117,191.02 68,307.23 9,171.41 59,135.82 25,395.94 33,739.88 48,883.79 47,685.18 1,198.612019Jan 115,280.70 65,681.84 9,261.69 56,420.15 22,809.93 33,610.22 49,598.86 48,323.38 1,275.48Feb 116,971.50 66,888.09 9,127.16 57,760.93 24,086.78 33,674.16 50,083.40 48,594.93 1,488.47Mar 116,919.59 66,767.81 8,998.71 57,769.10 23,658.96 34,110.14 50,151.78 48,390.54 1,761.24Apr 120,139.05 68,691.43 9,129.98 59,561.46 24,121.78 35,439.67 51,447.62 49,763.71 1,683.91May 119,277.13 67,749.60 7,990.88 59,758.72 23,689.45 36,069.27 51,527.53 50,115.81 1,411.72Jun 121,416.73 69,203.36 9,744.09 59,459.27 22,530.40 36,928.86 52,213.37 51,011.34 1,202.03Jul 117,816.35 66,774.50 9,470.94 57,303.55 21,064.28 36,239.28 51,041.86 49,726.45 1,315.41Aug 122,236.57 68,781.26 9,367.27 59,413.99 23,215.75 36,198.24 53,455.31 51,996.16 1,459.15Sep 124,989.07 69,934.84 9,524.04 60,410.81 24,300.08 36,110.73 55,054.22 52,945.58 2,108.64Oct 127,342.32 70,056.28 9,984.17 60,072.12 23,255.59 36,816.52 57,286.03 55,117.59 2,168.44Nov 132,068.31 72,514.75 10,360.12 62,154.62 25,417.77 36,736.86 59,553.56 57,795.91 1,757.65Dec 132,499.08 71,825.72 10,946.72 60,879.00 24,296.58 36,582.43 60,673.37 59,585.24 1,088.132020Jan 137,088.64 72,830.65 10,447.38 62,383.27 24,735.81 37,647.46 64,257.99 62,998.51 1,259.48Feb 135,356.78 73,101.19 10,278.62 62,822.57 24,992.50 37,830.07 62,255.59 60,818.14 1,437.45Mar 135,413.90 77,569.85 10,092.38 67,477.48 28,871.51 38,605.96 57,844.04 56,600.55 1,243.49Apr 140,362.47 83,433.65 10,475.20 72,958.46 31,772.39 41,186.06 56,928.82 56,038.82 890.00May 142,476.22 85,052.23 11,000.23 74,051.99 30,440.72 43,611.28 57,424.00 56,704.62 719.37

Jun(p) 144,890.49 85,575.64 11,782.87 73,792.78 27,326.52 46,466.26 59,314.85 58,653.11 661.74

TotalTransferable Deposits*

Nu. in Million

*) The term Demand Deposit and Quasi Money have been replaced by Transferable Depositsand Other Deposits as per the Monetary and

Financial Statistics Manual 2000 of IMF

MONETARY SURVEY - COMPONENTS (*)

M2

End of

Period TotalCurrency in

circ.outside

banks

Of which:1)Other Deposits*M1

TotalTime

deposits

Foreign

currency

deposits

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TotalGovernment

(net)

Other

public

sector (1)

2016

Jul 79,612.43 65,480.45 14,131.99 65,408.26 -274.33 -6,388.75 6,114.42 65,682.60 51,276.27

Aug 83,622.04 66,235.70 17,386.34 65,662.14 -1,020.07 -7,266.04 6,245.97 66,682.21 48,275.80

Sep 81,672.60 73,517.43 8,155.17 59,740.73 -7,402.08 -12,647.59 5,245.51 67,142.81 51,585.55

Oct 88,028.83 72,472.24 15,556.59 64,348.44 -4,267.57 -9,157.21 4,889.64 68,616.01 48,791.85

Nov 91,295.81 76,471.96 14,823.85 67,484.44 -1,642.30 -6,685.37 5,043.08 69,126.74 52,660.59

Dec 93,680.71 73,220.22 20,460.48 71,114.34 688.17 -4,300.67 4,988.85 70,426.17 50,653.86

2017

Jul 109,494.38 64,845.17 44,649.21 83,946.28 8,344.19 1,261.26 7,082.93 75,602.09 39,297.07

Aug 102,965.35 70,451.46 32,513.89 86,401.53 9,743.07 2,800.28 6,942.78 76,658.46 53,887.64

Sep 103,078.64 73,325.09 29,753.55 84,994.37 6,823.19 1,592.97 5,230.21 78,171.18 55,240.82

Oct 107,149.45 76,088.63 31,060.82 84,155.35 4,897.50 -366.39 5,263.89 79,257.85 53,094.53

Nov 105,724.61 76,117.17 29,607.44 83,994.53 3,660.59 -1,644.95 5,305.53 80,333.94 54,387.09

Dec 110,000.90 72,878.53 37,122.37 90,356.05 8,200.83 2,498.61 5,702.22 82,155.22 53,233.68

2018

Jul 114,866.11 64,880.48 49,985.62 101,163.81 13,019.83 4,620.26 8,399.58 88,143.98 51,178.19

Aug 113,026.59 68,313.32 44,713.26 100,811.55 10,935.50 2,390.62 8,544.89 89,876.04 56,098.29

Sept 116,378.95 71,934.84 44,444.10 101,014.40 8,947.77 3,357.74 5,590.03 92,066.63 56,570.29

Oct 118,382.23 71,732.75 46,649.48 102,178.73 8,592.82 2,530.06 6,062.76 93,585.91 55,529.26

Nov 122,564.12 67,605.82 54,958.30 106,639.68 11,134.21 4,917.77 6,216.44 95,505.48 51,681.38

Dec 117,191.02 65,533.83 51,657.19 105,639.89 8,943.28 2,797.44 6,145.84 96,696.61 53,982.70

2019

Jan 115,280.70 65,777.51 49,503.19 105,296.11 7,890.41 1,860.17 6,030.25 97,405.70 55,792.92

Feb 116,971.50 64,758.25 52,213.24 107,076.72 8,449.49 2,374.85 6,074.65 98,627.22 54,863.47

Mar 116,919.59 65,635.94 51,283.65 109,826.39 9,224.85 3,139.21 6,085.64 100,601.54 58,542.74

Apr 120,139.05 66,570.12 53,568.93 110,162.54 8,212.98 2,143.74 6,069.24 101,949.55 56,593.61

May 119,277.13 62,717.70 56,559.43 114,391.17 10,492.21 4,433.68 6,058.54 103,898.96 57,831.73

Jun 121,416.73 63,920.59 57,496.14 113,488.24 8,637.73 2,406.92 6,230.81 104,850.51 55,992.09

Jul 117,816.35 63,966.15 53,850.20 111,843.17 6,158.36 -4.98 6,163.34 105,684.82 57,992.97

Aug 122,236.57 68,976.77 53,259.81 111,062.88 3,179.00 -2,902.10 6,081.10 107,883.88 57,803.07

Sep 124,989.07 70,031.75 54,957.32 111,980.04 3,252.95 -2,128.77 5,381.71 108,727.09 57,022.72

Oct 127,342.32 71,195.09 56,147.23 110,589.04 83.58 -5,283.60 5,367.19 110,505.45 54,441.81

Nov 132,068.31 74,079.64 57,988.67 113,414.26 285.07 -4,816.06 5,101.13 113,129.18 55,425.59

Dec 132,499.08 76,816.54 55,682.54 111,988.02 -1,969.06 -7,707.79 5,738.73 113,957.08 56,305.48

2020

Jan 137,088.64 77,158.38 59,930.26 110,739.73 -3,792.75 -9,528.06 5,735.31 114,532.49 50,809.48

Feb 135,356.78 78,556.95 56,799.83 116,558.57 1,321.30 -4,224.04 5,545.35 115,237.27 59,758.74

Mar 135,413.90 77,246.35 58,167.54 118,667.34 2,786.53 -2,743.10 5,529.64 115,880.81 60,499.80

Apr 140,362.47 79,305.54 61,056.93 121,735.44 4,997.16 -1,310.32 6,307.48 116,738.28 60,678.51

May 142,476.22 84,294.67 58,181.55 117,807.27 -174.62 -7,025.70 6,851.08 117,981.89 59,625.72

Jun(p) 144,890.49 84,089.67 60,800.82 122,113.07 3,300.42 -3,840.39 7,140.81 118,812.65 61,312.25(*) Discrepancies in the results are due to rounding. 1) Includes Government Corporations and Public Sector. 2) Includes Non-Bank Financial Institutions

(NBFIs).

MONETARY SURVEY - COUNTERPARTS (*)

Private sector

(2)

Nu. in Million

End of

period

M2

Total

Foreign

assets

(net)

Domestic assets (net)

Total

Domestic credit

Other

items netTotal

Public sector

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Nu. in Million

Assets

Claims

on Claims

Other onPublic

Sectors*Private

Sector**

2016

Jul 99,033.01 17,886.61 3,884.15 1,281.47 2,602.67 5,499.18 6,114.42 65,648.66

Aug 103,386.88 21,278.48 3,727.14 1,432.38 2,294.76 5,488.44 6,245.97 66,646.85

Sep 100,437.67 18,145.82 4,904.58 2,559.28 2,345.30 5,035.74 5,245.51 67,106.01

Oct 108,183.31 24,863.04 3,848.84 1,582.01 2,266.83 6,001.86 4,889.64 68,579.93

Nov 110,286.99 26,618.26 3,020.17 1,710.50 1,309.68 6,515.18 5,043.08 69,090.29

Dec 111,115.54 25,183.62 3,736.26 1,144.14 2,592.12 6,817.65 4,988.85 70,389.16

2017

Jan 116,727.21 27,559.01 4,768.51 1,460.49 3,308.02 8,760.07 5,032.88 70,606.74

Feb 123,679.85 31,791.77 4,422.72 1,622.26 2,800.46 11,426.67 5,031.13 71,007.55

Mar 117,118.86 20,674.64 5,521.24 1,640.81 3,880.44 12,770.71 11,150.72 67,001.55

Apr 125,151.20 29,871.56 3,758.41 995.94 2,762.47 12,506.18 5,088.62 73,926.44

May 118,081.83 23,090.87 3,356.52 1,032.27 2,324.25 10,479.61 5,157.21 75,997.63

Jun 121,053.91 25,197.82 3,655.35 1,740.48 1,914.87 10,005.15 7,046.82 75,148.76

Jul 123,885.14 28,427.38 2,995.28 757.56 2,237.72 9,997.38 7,470.81 74,994.28

Aug 117,055.56 18,396.47 5,096.47 2,185.41 2,911.06 9,997.38 6,942.78 76,622.46

Sep 119,583.92 22,828.96 4,407.58 1,071.48 3,336.10 8,982.57 5,230.21 78,134.59

Oct 124,080.99 25,686.00 3,933.50 1,135.64 2,797.86 9,975.31 5,263.89 79,222.29

Nov 122,841.40 21,351.31 4,879.59 1,037.88 3,841.71 11,006.26 5,305.53 80,298.71

Dec 127,581.99 24,038.20 3,718.29 1,027.20 2,691.10 12,001.68 5,702.22 82,121.60

2018

Jan 126,561.78 19,772.97 5,055.36 1,754.33 3,301.02 13,974.09 5,868.29 81,891.07

Feb 133,660.14 23,669.17 6,576.68 2,443.86 4,132.82 14,746.21 5,951.98 82,716.10

Mar 132,745.91 21,228.95 5,290.68 1,759.36 3,531.32 14,736.72 7,155.58 84,333.99

Apr 130,395.19 17,690.63 5,927.84 2,589.49 3,338.36 15,234.19 5,926.07 85,616.46

May 131,857.91 20,024.19 5,685.86 2,487.28 3,198.58 10,968.59 8,331.99 86,847.28

Jun 132,418.29 23,752.50 5,356.82 1,585.13 3,771.70 8,049.83 8,306.02 86,953.11

Jul 132,772.69 22,899.77 5,310.73 1,321.90 3,988.83 8,049.83 8,399.58 88,112.78

Aug 131,735.14 22,674.24 5,653.79 1,561.07 4,092.72 5,017.13 8,544.89 89,845.09

Sept 137,698.55 25,932.46 6,631.79 2,515.28 4,116.51 7,507.80 5,590.03 92,036.47

Oct 137,597.22 21,740.67 6,738.40 1,605.81 5,132.59 9,499.09 6,062.76 93,556.29

Nov 141,277.50 25,912.61 5,159.65 1,485.24 3,674.41 8,513.08 6,216.44 95,475.72

Dec 136,616.26 20,178.93 4,616.93 1,697.82 2,919.12 9,007.79 6,145.84 96,666.77

2019

Jan 136,432.43 18,752.88 4,681.44 1,464.29 3,217.15 9,591.02 6,030.25 97,376.84

Feb 138,567.10 21,238.41 4,859.51 1,892.05 2,967.47 7,795.28 6,074.65 98,599.25

Mar 138,779.65 19,660.98 5,268.33 1,392.09 3,876.24 7,191.06 6,085.64 100,573.63

Apr 140,445.54 19,305.33 5,711.14 1,828.56 3,882.58 7,437.18 6,069.24 101,922.65

May 140,901.25 17,358.72 5,027.18 2,028.06 2,999.12 8,584.58 6,058.54 103,872.23

Jun 141,808.37 21,724.87 4,811.24 2,332.77 2,478.47 4,217.03 6,230.81 104,824.41

Jul 140,732.26 20,374.29 4,317.65 1,662.54 2,655.10 4,217.02 6,163.34 105,659.96

Aug 142,076.51 18,560.90 5,549.35 1,825.05 3,724.30 4,026.64 6,081.10 107,858.51

Sep 145,545.03 22,416.48 5,721.65 1,998.77 3,722.88 3,323.41 5,381.71 108,701.77

Oct 147,945.38 24,165.24 5,399.23 1,705.43 3,693.81 2,533.84 5,367.19 110,479.88

Nov 152,915.64 25,381.71 5,999.04 1,668.56 4,330.48 3,329.66 5,101.13 113,104.09

Dec 153,705.20 24,884.94 5,440.23 1,854.45 3,585.78 3,708.17 5,738.73 113,933.14

2020

Jan 157,415.55 31,554.01 5,298.38 1,552.10 3,746.29 319.53 5,735.31 114,508.32

Feb 158,175.99 26,080.87 6,475.94 1,843.78 4,632.16 4,860.27 5,545.35 115,213.57

Mar 157,901.90 27,894.19 5,458.76 1,974.86 3,483.90 3,161.63 5,529.64 115,857.69

Apr 160,273.31 27,887.01 4,753.00 1,578.33 3,174.67 4,610.36 6,307.48 116,715.46

May 160,142.54 26,518.05 4,556.35 1,583.53 2,972.82 4,257.25 6,851.08 117,959.81

Jun 163,593.73 30,833.12 4,963.58 1,721.61 3,241.98 1,864.84 7,140.81 118,791.37

DEPOSIT MONEY BANKS - MONETARY AND FINANCIAL STATISTICS

**) Claims on Private Sector includes Claims on NBFIs .

Note:With effect from Jan 1, 2011 Claims on Joint Corporations has been reclassified as Claims on Public Sector as per the new reporting format of

the Financial Regulation and Supervision Department of the RMA.

*) Claims on Other Public Sectors includes Claims on Govt. Corporations and Claims on Public Sector.

Foreign Assets

Claims on

Govt.OthersRupeeTotalReservesTotal

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Nu. in Million

Liabilities

2016

Jul 99,033.01 38,812.52 33,190.59 1,972.03 0.00 0.00 0.00 0.00 702.27 18,039.74 6,315.87

Aug 103,386.88 42,634.10 33,657.27 2,088.40 0.00 0.00 0.00 0.00 696.32 17,249.02 7,061.77

Sep 100,437.67 40,121.65 34,272.11 2,101.91 0.00 0.00 0.00 0.00 688.19 16,723.89 6,529.91

Oct 108,183.31 44,835.89 34,886.98 2,278.31 0.00 0.00 0.00 0.00 687.29 16,841.14 8,653.70

Nov 110,286.99 44,561.02 38,041.24 1,734.65 0.00 0.00 0.00 0.00 686.58 17,345.59 7,917.90

Dec 111,115.54 43,738.60 39,218.34 2,404.84 0.00 0.00 0.00 0.00 681.58 18,497.90 6,574.28

2017

Jan 116,727.21 48,026.48 39,706.88 2,393.44 0.00 0.00 0.00 0.00 680.65 18,537.48 7,382.28

Feb 123,679.85 56,134.85 39,559.52 1,659.89 0.00 0.00 0.00 0.00 674.70 18,181.04 7,469.84

Mar 117,118.86 45,741.20 39,408.74 2,177.68 0.00 0.00 0.00 0.00 565.67 17,671.93 11,553.64

Apr 125,151.20 58,479.97 40,504.02 1,995.19 0.00 0.00 0.00 40.00 565.68 17,279.50 6,286.85

May 118,081.83 49,846.86 40,735.07 2,343.67 296.21 0.00 296.21 0.00 268.77 17,111.20 7,480.06

Jun 121,053.91 51,935.62 41,285.46 2,104.85 289.33 0.00 289.33 0.00 269.71 16,915.42 8,253.50

Jul 124,252.11 56,189.28 41,205.52 2,384.58 289.33 0.00 289.33 0.00 269.71 16,842.70 7,070.97

Aug 117,055.56 48,488.92 43,183.66 2,782.08 0.00 0.00 0.00 0.00 553.10 16,714.61 5,333.19

Sep 119,583.92 52,322.54 38,986.30 3,246.21 0.00 0.00 0.00 0.00 544.07 16,627.97 7,856.81

Oct 124,080.99 53,468.07 41,756.35 3,508.04 0.00 0.00 0.00 0.00 544.07 16,661.90 8,142.56

Nov 122,841.40 53,249.24 40,747.78 3,285.56 279.60 0.00 279.60 9.26 263.77 16,843.37 8,162.83

Dec 127,581.99 54,711.09 43,249.90 3,272.84 279.60 0.00 279.60 0.00 263.77 17,415.85 8,388.95

2018

Jan 126,561.78 52,789.06 44,156.30 2,998.42 378.67 0.00 378.67 0.00 163.77 17,646.83 8,428.72

Feb 133,660.14 56,542.31 43,829.34 3,259.59 378.67 0.00 378.67 0.00 163.77 17,342.31 12,144.16

Mar 132,745.91 60,051.27 43,147.34 3,564.73 269.64 0.00 269.64 0.00 163.77 16,606.82 8,942.34

Apr 130,395.19 56,711.39 43,221.37 2,995.13 539.64 0.00 539.64 0.00 163.77 16,717.34 10,046.56

May 131,857.91 58,268.02 43,614.25 2,575.77 668.14 0.00 668.14 0.00 163.77 16,517.97 10,049.99

Jun 132,418.29 57,061.00 46,163.85 2,514.79 768.24 0.00 768.24 0.00 163.77 18,019.31 7,727.31

Jul 132,772.69 56,979.60 46,646.84 2,246.52 764.09 0.00 764.09 0.00 163.77 17,739.53 8,232.34

Aug 131,735.14 55,178.72 47,272.34 1,732.17 764.09 0.00 764.09 0.00 163.77 18,495.39 8,128.67

Sept 137,698.55 60,032.92 45,860.06 2,038.17 733.96 0.00 733.96 0.00 163.77 18,447.36 10,422.31

Oct 137,597.22 58,978.82 48,126.97 2,232.55 733.06 0.00 733.06 0.00 159.68 18,235.78 9,130.37

Nov 141,277.50 61,631.10 50,046.47 1,727.47 732.36 0.00 732.36 0.00 159.68 18,984.76 7,995.66

Dec 136,616.26 59,135.82 47,685.18 1,198.61 0.00 0.00 0.00 0.00 868.72 19,676.68 8,051.26

2019

Jan 136,432.43 56,420.15 48,323.38 1,275.48 0.00 0.00 0.00 0.00 867.79 20,701.13 8,844.51

Feb 138,567.10 57,760.93 48,594.93 1,488.47 0.00 0.00 0.00 0.00 867.79 19,582.90 10,272.07

Mar 138,779.65 57,769.10 48,390.54 1,761.24 0.00 0.00 0.00 0.00 832.67 18,806.07 11,220.03

Apr 140,445.54 59,561.46 49,763.71 1,683.91 0.00 0.00 0.00 0.00 832.67 18,700.42 9,903.38

May 140,901.25 59,758.72 50,115.81 1,411.72 0.00 0.00 0.00 0.00 831.97 18,548.20 10,234.83

Jun 141,808.37 59,459.27 51,011.34 1,202.03 0.00 0.00 0.00 0.00 831.04 19,542.26 9,762.43

Jul 140,732.26 57,303.55 49,726.45 1,315.41 0.00 0.00 0.00 0.00 805.95 19,499.67 12,081.23

Aug 142,076.51 59,413.99 51,996.16 1,459.15 0.00 0.00 0.00 0.00 805.95 19,302.69 9,098.57

Sep 145,545.03 60,410.81 52,945.58 2,108.64 0.00 0.00 0.00 0.00 773.83 19,068.20 10,237.97

Oct 147,945.38 60,072.12 55,117.59 2,168.44 0.00 0.00 0.00 0.00 768.83 19,157.86 10,660.55

Nov 152,915.64 62,154.62 57,795.91 1,757.65 0.00 0.00 0.00 0.00 768.13 19,330.14 11,109.20

Dec 153,705.20 60,879.00 59,585.24 1,088.13 0.00 0.00 0.00 0.00 743.71 21,023.55 10,385.58

2020

Jan 157,415.55 62,383.27 62,998.51 1,259.48 0.00 0.00 0.00 0.00 743.42 20,562.33 9,468.54

Feb 158,175.99 62,822.57 60,818.14 1,437.45 0.00 0.00 0.00 0.00 742.78 20,337.66 12,017.39

Mar 157,901.90 67,477.48 56,600.55 1,243.49 0.00 0.00 0.00 0.00 734.65 18,651.42 13,194.32

Apr 160,273.31 72,958.46 56,038.82 890.00 0.00 0.00 0.00 0.00 704.31 18,433.49 11,248.24

May 160,142.54 74,051.99 56,704.62 719.37 0.00 0.00 0.00 0.00 703.61 17,696.28 10,266.66

Jun 163,593.73 73,792.78 58,653.11 661.74 0.00 0.00 0.00 0.00 703.61 17,584.01 12,198.48

DEPOSIT MONEY BANKS CONTINUED

Foreign

Currency

Deposits Total Rupee Others

End of

period Total

Demand

Deposits

Time

Deposits

Govt.

Deposits

Domestic

Borrowings

Capital

Accounts

Other

Items (Net)

Foreign Liabilities

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Nu. in Million

Assets

Claims

Claims on Claims

End of on Govt. on

Period Total Reserves Total Rupee Others Govt. Corps. NBFIs

2016

Jul 40,833.67 14,866.93 1,870.27 666.18 1,204.09 0.00 3,948.91 578.41 19,529.08 40.06

Aug 43,736.17 17,348.39 2,152.13 783.50 1,368.63 0.00 4,058.95 629.60 19,507.04 40.06

Sep 38,254.93 12,627.55 2,463.39 1,107.98 1,355.41 0.00 2,842.08 620.59 19,661.26 40.06

Oct 44,311.64 19,004.94 1,813.88 817.95 995.93 0.00 2,840.85 657.61 19,954.31 40.06

Nov 43,557.16 18,596.57 1,501.90 733.63 768.27 0.00 2,922.75 689.27 19,170.50 676.18

Dec 42,634.70 17,305.22 1,487.78 598.98 888.80 0.00 2,919.08 660.37 19,625.81 636.44

2017

Jan 44,573.45 17,960.26 2,488.82 1,120.35 1,368.47 0.00 2,924.38 694.71 19,863.82 641.46

Feb 56,339.87 28,959.60 2,811.63 1,134.42 1,677.21 0.00 2,923.01 674.44 20,347.02 624.17

Mar 50,162.12 22,436.76 2,780.11 624.93 2,155.18 0.00 3,188.82 677.16 20,473.04 606.22

Apr 55,098.62 27,669.08 2,000.87 487.85 1,513.02 0.00 3,219.08 590.19 21,030.92 588.48

May 47,534.92 19,649.94 1,954.91 766.57 1,188.34 0.00 3,165.21 606.67 21,587.44 570.75

Jun 46,181.97 17,531.31 1,854.33 1,075.85 778.48 0.00 3,467.51 993.53 21,782.54 552.74

Jul 52,683.53 24,196.52 1,260.49 196.75 1,063.74 0.00 3,472.52 998.07 22,221.19 534.74

Aug 45,737.10 15,268.64 2,885.83 1,425.77 1,460.06 0.00 3,578.96 921.64 22,565.45 516.58

Sep 46,545.67 16,890.66 2,276.94 481.45 1,795.49 0.00 3,389.34 516.49 22,974.09 498.14

Oct 47,315.62 17,432.14 1,914.56 409.28 1,505.28 0.00 2,947.33 905.29 23,658.80 457.50

Nov 48,201.68 17,298.91 2,285.04 434.09 1,850.95 0.00 2,982.77 1,017.78 24,156.21 460.98

Dec 49,385.31 18,021.38 1,724.95 293.02 1,431.93 0.00 3,989.07 386.26 24,843.64 420.02

2018

Jan 50,810.00 17,546.40 2,965.43 1,087.20 1,878.22 0.00 4,018.20 536.06 25,320.61 423.31

Feb 56,221.58 21,853.74 3,583.96 1,531.43 2,052.53 0.00 4,025.77 612.91 25,733.81 411.39

Mar 57,434.50 22,846.33 2,382.84 380.96 2,001.88 0.00 4,625.41 695.46 26,499.59 384.88

Apr 54,310.54 18,962.82 3,221.63 1,198.93 2,022.71 0.00 3,951.32 693.13 27,093.86 387.78

May 55,726.41 17,421.99 3,406.29 1,473.25 1,933.04 0.00 5,918.53 654.65 28,210.14 114.81

Jun 55,107.83 16,545.33 2,922.87 363.20 2,559.67 0.00 5,933.92 616.62 28,986.11 102.98

Jul 52,936.35 13,663.78 2,540.29 459.43 2,080.85 0.00 5,914.30 692.07 30,086.36 39.56

Aug 52,856.23 12,432.66 2,730.12 594.33 2,135.79 0.00 5,931.28 777.67 30,944.94 39.56

Sept 57,153.13 16,958.65 4,047.55 1,719.40 2,328.15 0.00 3,441.50 661.56 32,004.32 39.56

Oct 56,384.62 15,398.27 3,876.76 797.28 3,079.48 0.00 3,901.07 704.36 32,464.60 39.56

Nov 57,107.80 16,830.99 2,306.50 608.72 1,697.79 0.00 3,929.29 774.53 33,226.92 39.56

Dec 54,299.78 13,186.85 2,353.78 644.60 1,709.18 0.00 3,915.02 750.72 34,053.85 39.56

2019

Jan 53,833.84 12,002.74 2,602.66 470.32 2,132.33 0.00 3,862.38 770.62 34,555.32 40.12

Feb 56,117.33 13,718.95 2,799.88 1,035.11 1,764.77 0.00 3,875.84 779.95 34,903.15 39.56

Mar 55,434.09 12,114.01 2,839.89 456.47 2,383.42 0.00 3,598.23 987.09 35,849.89 44.97

Apr 57,443.78 13,549.08 2,818.20 626.02 2,192.18 0.00 3,600.08 992.91 36,436.79 46.71

May 56,787.05 12,744.79 2,189.81 639.47 1,550.34 0.00 3,599.99 990.87 37,214.47 47.12

Jun 58,235.87 13,596.86 1,712.56 460.92 1,251.64 0.00 3,646.53 1,132.18 38,008.76 138.98

Jul 57,205.46 11,576.36 2,204.16 522.41 1,681.75 0.00 3,520.82 1,059.37 38,796.72 48.03

Aug 58,709.01 10,819.97 3,229.61 659.23 2,570.38 0.00 3,554.33 1,146.90 39,910.28 47.92

Sep 59,744.64 12,815.31 2,405.77 502.41 1,903.36 0.00 3,128.33 1,170.67 40,176.73 47.84

Oct 61,209.70 13,127.43 2,736.60 563.03 2,173.57 0.00 3,140.73 1,173.28 40,983.83 47.84

Nov 64,822.47 15,106.57 3,457.91 745.87 2,712.04 0.00 3,056.26 1,078.36 42,075.51 47.84

Dec 64,794.16 15,174.19 2,720.31 565.57 2,154.74 0.00 3,654.54 1,045.89 42,151.39 47.83

2020

Jan 68,195.09 18,158.52 2,631.55 397.70 2,233.85 0.00 3,637.06 1,090.28 42,629.85 47.83

Feb 69,226.85 18,089.21 3,300.93 771.08 2,529.86 0.00 3,635.46 1,146.38 43,007.03 47.83

Mar 68,325.69 17,980.85 2,404.39 646.15 1,758.24 0.00 3,651.45 1,162.45 43,076.01 50.55

Apr 69,911.69 19,056.51 1,823.63 455.48 1,368.15 0.00 4,130.01 1,271.49 43,579.50 50.55

May 68,354.24 16,777.08 1,794.76 386.95 1,407.81 0.00 4,323.34 1,310.94 44,097.56 50.55

June 71,284.07 18,702.54 2,229.92 523.41 1,706.51 0.00 4,551.41 1,392.71 44,356.95 50.55*) With effect from January 1, 2011 Claims on Joint Corporations has been reclassified as Claims on Public Sector as per the new reporting format of the

Financial Regulation and Supervision Department of the RMA.

BANK OF BHUTAN LIMITED - MONETARY AND FINANCIAL STATISTICS

Foreign Assets

Claims

on Public

Sector *

Claims on

Private

Sector

Page 45: ROYAL MONETARY AUTHORITY OF BHUTAN Publication/MSB/2020/Monthly Statistic… · ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Note: We thank all those who have contributed

Nu. in Million

Liabilities

Foreign Domestic Other

End of Demand Time Currency Govt. Borrow- Capital Items

Period Total Deposits Deposits Deposits Total Rupee Others Deposits ings Accounts (Net)

2016

Jul 40,833.67 23,557.75 9,398.33 851.17 0.00 0.00 0.00 0.00 0.00 5,398.14 1,628.28

Aug 43,736.17 26,730.69 9,129.26 934.40 0.00 0.00 0.00 0.00 0.00 5,491.97 1,449.84

Sep 38,254.93 22,830.18 8,896.52 1,067.90 0.00 0.00 0.00 0.00 0.00 5,578.48 -118.15

Oct 44,311.64 27,034.99 8,937.50 1,034.89 0.00 0.00 0.00 0.00 0.00 5,641.99 1,662.28

Nov 43,557.16 25,827.61 9,240.44 1,021.02 0.00 0.00 0.00 0.00 0.00 5,629.42 1,838.67

Dec 42,634.70 25,055.05 9,810.58 1,021.95 0.00 0.00 0.00 0.00 0.00 6,206.47 540.65

2017

Jan 44,573.45 26,042.91 9,850.46 1,058.24 0.00 0.00 0.00 0.00 0.00 6,248.19 1,373.65

Feb 56,339.87 37,002.50 9,856.26 987.34 0.00 0.00 0.00 0.00 0.00 6,171.52 2,322.26

Mar 50,162.12 25,830.40 9,703.60 1,167.44 0.00 0.00 0.00 0.00 0.00 6,235.65 7,225.04

Apr 55,098.62 37,739.00 8,987.56 980.48 0.00 0.00 0.00 0.00 0.00 5,896.73 1,494.84

May 47,534.92 30,463.15 8,534.60 1,035.41 0.00 0.00 0.00 0.00 0.00 6,006.05 1,495.71

Jun 46,181.97 29,186.81 8,696.39 997.85 0.00 0.00 0.00 0.00 0.00 5,590.12 1,710.80

Jul 52,683.53 35,925.54 8,761.67 1,120.96 0.00 0.00 0.00 0.00 0.00 5,667.43 1,207.93

Aug 45,737.10 27,875.63 8,913.25 1,111.67 0.00 0.00 0.00 0.00 0.00 5,753.86 2,082.69

Sep 46,545.67 29,487.51 8,904.82 1,199.49 0.00 0.00 0.00 0.00 0.00 5,738.80 1,215.04

Oct 47,315.62 30,318.27 9,110.16 1,244.18 0.00 0.00 0.00 0.00 0.00 5,828.64 814.37

Nov 48,201.68 31,228.70 9,103.12 1,144.80 0.00 0.00 0.00 0.00 0.00 5,845.78 879.27

Dec 49,385.31 30,283.60 11,256.16 1,167.50 0.00 0.00 0.00 0.00 0.00 5,812.48 865.58

2018

Jan 50,810.00 30,737.05 11,454.31 1,302.34 0.00 0.00 0.00 0.00 0.00 5,884.45 1,431.85

Feb 56,221.58 34,497.93 11,566.81 1,410.96 0.00 0.00 0.00 0.00 0.00 6,133.34 2,612.55

Mar 57,434.50 38,346.33 11,137.20 1,180.27 0.00 0.00 0.00 0.00 0.00 5,969.30 801.40

Apr 54,310.54 34,454.63 11,284.22 1,156.82 0.00 0.00 0.00 0.00 0.00 6,088.99 1,325.89

May 55,726.41 35,673.33 11,416.98 1,121.56 0.00 0.00 0.00 0.00 0.00 6,061.03 1,453.52

Jun 55,107.83 34,202.84 11,688.29 1,165.82 0.00 0.00 0.00 0.00 0.00 6,193.75 1,857.13

Jul 52,936.35 32,753.35 11,829.67 825.54 0.00 0.00 0.00 0.00 0.00 6,217.48 1,310.30

Aug 52,856.23 33,332.04 12,197.17 1.73 0.00 0.00 0.00 0.00 0.00 6,457.55 867.74

Sept 57,153.13 35,568.75 12,325.75 0.00 0.00 0.00 0.00 0.00 0.00 6,565.59 2,693.05

Oct 56,384.62 35,929.95 12,166.99 0.00 0.00 0.00 0.00 0.00 0.00 6,622.52 1,665.17

Nov 57,107.80 36,505.13 12,536.32 0.00 0.00 0.00 0.00 0.00 0.00 6,721.86 1,344.48

Dec 54,299.78 35,755.05 10,556.94 0.00 0.00 0.00 0.00 0.00 0.00 6,921.52 1,066.27

2019

Jan 53,833.84 33,584.79 11,425.02 0.00 0.00 0.00 0.00 0.00 0.00 7,041.03 1,783.00

Feb 56,117.33 34,847.13 11,453.59 0.00 0.00 0.00 0.00 0.00 0.00 7,122.87 2,693.74

Mar 55,434.09 34,626.13 11,405.49 0.00 0.00 0.00 0.00 0.00 0.00 6,830.66 2,571.81

Apr 57,443.78 35,240.61 12,806.60 0.00 0.00 0.00 0.00 0.00 0.00 6,963.56 2,433.01

May 56,787.05 35,398.79 12,743.08 0.00 0.00 0.00 0.00 0.00 0.00 6,963.90 1,681.28

Jun 58,235.87 35,286.42 13,809.17 0.00 0.00 0.00 0.00 0.00 0.00 7,030.67 2,109.61

Jul 57,205.46 33,684.24 14,074.29 0.00 0.00 0.00 0.00 0.00 0.00 7,058.24 2,388.69

Aug 58,709.01 36,081.14 14,410.68 0.00 0.00 0.00 0.00 0.00 0.00 7,057.09 1,160.10

Sep 59,744.64 35,895.39 15,390.99 0.00 0.00 0.00 0.00 0.00 0.00 7,162.99 1,295.27

Oct 61,209.70 35,162.04 17,336.28 0.00 0.00 0.00 0.00 0.00 0.00 7,301.66 1,409.71

Nov 64,822.47 37,400.56 18,586.51 0.00 0.00 0.00 0.00 0.00 0.00 7,411.56 1,423.83

Dec 64,794.16 36,079.21 19,373.11 0.00 0.00 0.00 0.00 0.00 0.00 7,516.25 1,825.58

2020

Jan 68,195.09 37,275.48 21,656.65 0.00 0.00 0.00 0.00 0.00 0.00 7,571.05 1,691.91

Feb 69,226.85 38,017.05 21,982.54 0.00 0.00 0.00 0.00 0.00 0.00 7,513.36 1,713.90

Mar 68,325.69 42,857.12 17,659.45 0.00 0.00 0.00 0.00 0.00 0.00 6,583.28 1,225.85

Apr 69,911.69 46,287.40 17,296.78 0.00 0.00 0.00 0.00 0.00 0.00 6,724.23 -396.72

May 68,354.24 45,552.45 17,756.44 0.00 0.00 0.00 0.00 0.00 0.00 6,553.42 -1,508.07

Jun 71,284.07 45,503.86 19,211.12 0.00 0.00 0.00 0.00 0.00 0.00 6,506.24 62.85

Foreign Liabilities

BANK OF BHUTAN LIMITED CONTINUED

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Nu. in Million

Assets

Claims

Claims on Claims

End of on Govt. on

Period Total Reserves Total Rupee Others Govt. Corps. NBFIs

2016

Jul 28,652.42 3,848.60 1,389.46 413.95 975.51 0.00 115.33 676.28 22,111.20 511.54

Aug 29,374.37 4,745.33 882.50 408.72 473.78 0.00 115.33 665.60 22,504.00 461.60

Sep 30,533.49 5,524.70 1,075.37 494.19 581.18 0.00 165.33 648.02 22,653.24 466.83

Oct 31,357.29 6,253.53 1,128.34 557.33 571.01 0.00 215.33 654.17 22,870.79 235.13

Nov 32,943.42 8,085.72 792.70 430.81 361.89 0.00 215.33 658.96 23,146.24 44.46

Dec 33,723.48 7,661.65 1,079.74 179.07 900.67 0.00 215.33 641.23 23,239.70 885.83

2017

Jan 32,854.01 6,771.01 1,416.67 207.47 1,209.20 0.00 215.33 653.15 23,521.00 276.86

Feb 32,310.10 7,181.71 663.58 218.72 444.86 0.00 215.33 656.76 23,447.96 144.76

Mar 31,003.10 4,367.45 1,285.42 265.19 1,020.23 0.00 404.74 6,200.45 18,082.79 662.25

Apr 34,258.52 8,027.42 869.24 247.40 621.85 0.00 115.33 640.02 23,712.89 893.62

May 33,549.02 7,406.30 635.42 82.17 553.25 0.30 209.08 646.81 23,872.21 778.90

Jun 34,056.69 7,905.18 790.25 293.47 496.78 0.30 702.51 651.87 23,289.30 717.29

Jul 34,016.75 7,537.14 924.91 331.12 593.79 0.29 702.51 633.28 23,768.02 450.60

Aug 33,988.85 6,772.48 1,293.94 442.30 851.65 0.29 702.51 637.16 24,212.98 369.48

Sep 33,914.63 7,030.55 1,155.36 344.98 810.38 0.29 115.33 623.66 24,528.84 460.61

Oct 36,317.73 9,706.65 957.48 285.73 671.75 0.28 115.33 622.20 24,714.90 200.88

Nov 34,856.75 7,663.62 1,467.76 254.74 1,213.02 0.28 115.33 626.46 24,930.15 53.15

Dec 36,579.76 8,944.45 668.50 176.45 492.05 0.27 115.33 607.26 25,467.88 776.06

2018

Jan 34,997.69 7,900.87 860.35 306.43 553.92 0.27 115.33 611.39 25,469.18 40.29

Feb 35,759.83 7,646.17 1,612.15 343.13 1,269.03 0.26 115.33 614.11 25,731.51 40.29

Mar 33,348.32 5,393.79 1,157.47 375.19 782.27 0.26 115.33 618.40 26,022.78 40.29

Apr 33,790.96 5,648.61 1,037.10 539.55 497.55 0.26 115.33 597.97 26,351.40 40.29

May 33,632.18 5,368.38 947.78 443.37 504.41 0.25 115.33 657.61 26,502.45 40.38

Jun 34,369.16 6,570.33 946.36 522.70 423.65 0.25 115.33 637.93 26,058.67 40.30

Jul 35,254.29 6,437.22 1,494.11 466.31 1,027.80 0.24 115.33 642.19 26,524.61 40.60

Aug 35,196.83 5,562.78 1,760.71 493.01 1,267.70 0.24 115.33 645.59 26,860.47 251.70

Sept 36,334.38 6,674.23 1,467.84 347.21 1,120.63 0.23 115.33 653.91 27,371.78 51.06

Oct 36,186.87 5,967.39 1,776.54 440.28 1,336.26 0.23 115.33 629.76 27,624.50 73.12

Nov 36,995.96 6,402.24 1,813.57 451.70 1,361.87 0.23 115.33 615.09 27,868.74 180.77

Dec 35,979.41 5,599.97 1,138.16 420.58 717.59 0.22 116.95 595.68 28,028.39 500.03

2019

Jan 36,246.53 6,252.16 1,049.25 534.63 514.62 0.37 115.33 543.57 28,245.56 40.29

Feb 36,381.97 6,022.35 1,116.71 454.37 662.35 0.36 115.33 546.79 28,540.12 40.29

Mar 37,363.97 6,745.20 993.13 369.20 623.92 0.21 115.33 555.32 28,914.50 40.29

Apr 37,171.76 5,819.50 1,397.98 594.97 803.01 0.20 115.33 535.15 29,263.30 40.29

May 37,540.06 5,915.53 1,322.00 674.20 647.81 0.21 115.33 538.60 29,608.09 40.29

Jun 36,847.44 5,103.66 1,322.86 886.87 435.99 0.20 115.33 523.15 29,741.94 40.29

Jul 37,177.44 5,872.54 523.63 313.58 210.05 0.20 115.33 526.53 30,098.93 40.29

Aug 37,034.72 5,160.66 613.21 237.75 375.46 0.00 115.33 530.11 30,575.12 40.29

Sep 38,357.01 6,299.60 765.30 368.28 397.02 0.00 115.33 129.47 30,991.49 55.82

Oct 38,555.19 5,823.37 1,121.88 255.19 866.70 0.00 115.33 129.31 31,256.85 108.45

Nov 38,899.80 5,486.53 833.33 184.55 648.79 0.00 115.33 119.56 32,266.11 78.93

Dec 38,979.22 5,242.15 591.60 313.18 278.42 0.00 115.33 119.56 32,663.70 246.87

2020

Jan 39,760.51 5,991.14 553.02 346.65 206.37 0.00 115.33 119.56 32,941.16 40.29

Feb 39,716.77 5,123.24 1,382.82 334.04 1,048.78 0.00 115.33 119.56 32,935.52 40.29

Mar 39,674.82 5,343.61 930.86 365.59 565.28 0.00 115.33 149.73 33,094.99 40.29

Apr 40,184.95 5,430.42 966.00 342.56 623.43 0.00 115.33 150.60 33,409.26 113.35

May 39,639.50 5,036.24 563.99 349.75 214.24 0.00 115.33 152.30 33,658.14 113.48

Jun 39,990.96 5,459.82 410.17 398.61 11.56 0.00 115.33 152.50 33,727.71 125.43

Foreign Assets

Claims on

Private

Sector

Claims on

Public

Sector *

*) With effect from January 1, 2011 Claims on Joint Corporations has been reclassified as Claims on Public Sector as per the new reporting format of the

Financial Regulation and Supervision Department of the RMA.

BHUTAN NATIONAL BANK LIMITED - MONETARY AND FINANCIAL STATISTICS

Page 47: ROYAL MONETARY AUTHORITY OF BHUTAN Publication/MSB/2020/Monthly Statistic… · ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Note: We thank all those who have contributed

Nu. in Million

Liabilities

Foreign Domestic Other

End of Demand Time Currency Govt. Borrow- Capital Items

Period Total Deposits Deposits Deposits Total Rupee Others Deposits ings Accounts (Net)

2016

Jul 28,652.42 7,868.72 10,528.51 677.85 0.00 0.00 0.00 0.00 0.00 7,849.07 1,728.27

Aug 29,374.37 8,148.18 11,571.93 723.14 0.00 0.00 0.00 0.00 0.00 7,003.54 1,927.59

Sep 30,533.49 8,598.28 12,149.75 684.22 0.00 0.00 0.00 0.00 0.00 6,733.09 2,368.16

Oct 31,357.29 8,851.25 12,412.62 604.63 0.00 0.00 0.00 0.00 0.00 6,651.28 2,837.52

Nov 32,943.42 9,220.07 14,089.00 583.27 0.00 0.00 0.00 0.00 0.00 7,052.99 1,998.09

Dec 33,723.48 9,361.72 14,513.55 660.13 0.00 0.00 0.00 0.00 0.00 7,235.49 1,952.60

2017

Jan 32,854.01 8,598.62 14,749.57 668.97 0.00 0.00 0.00 0.00 0.00 7,204.11 1,632.74

Feb 32,310.10 9,266.02 14,233.03 672.55 0.00 0.00 0.00 0.00 0.00 7,109.68 1,028.81

Mar 31,003.10 9,630.45 12,132.85 1,006.78 0.00 0.00 0.00 0.00 0.00 6,919.14 1,313.88

Apr 34,258.52 10,654.24 14,862.99 1,008.08 0.00 0.00 0.00 0.00 0.00 7,024.43 708.79

May 33,549.02 9,211.83 15,620.46 1,308.01 0.00 0.00 0.00 0.00 0.00 6,811.76 596.96

Jun 34,056.69 9,286.81 16,042.49 1,104.64 0.00 0.00 0.00 0.00 0.00 7,126.10 496.66

Jul 34,016.75 10,085.43 14,677.24 1,257.88 0.00 0.00 0.00 0.00 0.00 6,999.28 996.93

Aug 33,988.85 9,698.07 14,359.04 1,665.10 0.00 0.00 0.00 0.00 0.00 7,228.65 1,037.99

Sep 33,914.63 9,906.22 13,668.54 2,046.72 0.00 0.00 0.00 0.00 0.00 7,236.78 1,056.36

Oct 36,317.73 10,448.76 15,169.11 2,257.71 0.00 0.00 0.00 0.00 0.00 7,505.01 937.15

Nov 34,856.75 9,864.23 14,267.48 2,130.32 0.00 0.00 0.00 0.00 0.00 7,511.16 1,083.56

Dec 36,579.76 11,376.49 13,821.48 2,098.33 0.00 0.00 0.00 0.00 0.00 7,560.93 1,722.52

2018

Jan 34,997.69 10,167.39 13,233.87 1,674.00 0.00 0.00 0.00 0.00 0.00 7,535.26 2,387.16

Feb 35,759.83 10,206.91 12,987.01 1,823.34 0.00 0.00 0.00 0.00 0.00 7,470.08 3,272.50

Mar 33,348.32 9,917.26 11,634.76 2,353.34 0.00 0.00 0.00 0.00 0.00 7,302.76 2,140.20

Apr 33,790.96 10,157.81 12,585.81 1,838.23 0.00 0.00 0.00 0.00 0.00 7,198.65 2,010.45

May 33,632.18 10,323.49 12,576.83 1,454.21 0.00 0.00 0.00 0.00 0.00 6,958.56 2,319.08

Jun 34,369.16 10,619.47 13,393.78 1,338.75 0.00 0.00 0.00 0.00 0.00 7,556.12 1,461.04

Jul 35,254.29 10,227.88 14,454.50 1,419.25 0.00 0.00 0.00 0.00 0.00 7,356.75 1,795.91

Aug 35,196.83 9,857.28 14,374.10 1,728.56 0.00 0.00 0.00 0.00 0.00 7,472.17 1,764.71

Sept 36,334.38 11,424.85 13,333.06 2,027.26 0.00 0.00 0.00 0.00 0.00 7,362.30 2,186.91

Oct 36,186.87 10,551.68 14,582.90 2,228.15 0.00 0.00 0.00 0.00 0.00 7,022.87 1,801.27

Nov 36,995.96 10,949.77 15,652.60 1,725.25 0.00 0.00 0.00 0.00 0.00 7,330.92 1,337.42

Dec 35,979.41 10,685.83 14,796.36 1,191.55 0.00 0.00 0.00 0.00 0.00 7,644.83 1,660.84

2019

Jan 36,246.53 10,597.93 14,767.67 1,269.93 0.00 0.00 0.00 0.00 0.00 7,331.61 2,279.40

Feb 36,381.97 10,415.39 15,252.17 1,487.35 0.00 0.00 0.00 0.00 0.00 7,276.31 1,950.74

Mar 37,363.97 10,273.28 15,627.69 1,738.05 0.00 0.00 0.00 0.00 0.00 7,107.99 2,616.96

Apr 37,171.76 11,207.15 15,091.22 1,681.36 0.00 0.00 0.00 0.00 0.00 7,085.24 2,106.80

May 37,540.06 11,266.23 15,391.99 1,410.80 0.00 0.00 0.00 0.00 0.00 6,923.56 2,547.48

Jun 36,847.44 10,771.82 15,480.46 1,195.06 0.00 0.00 0.00 0.00 0.00 7,623.35 1,776.75

Jul 37,177.44 10,516.87 15,529.52 1,314.21 0.00 0.00 0.00 0.00 0.00 7,536.86 2,279.98

Aug 37,034.72 10,328.56 15,861.00 1,458.91 0.00 0.00 0.00 0.00 0.00 7,338.77 2,047.49

Sep 38,357.01 10,315.73 15,797.68 2,107.35 0.00 0.00 0.00 0.00 0.00 7,416.16 2,720.10

Oct 38,555.19 10,558.52 15,740.36 2,158.68 0.00 0.00 0.00 0.00 0.00 7,232.23 2,865.39

Nov 38,899.80 10,849.21 16,516.43 1,749.49 0.00 0.00 0.00 0.00 0.00 7,120.90 2,663.76

Dec 38,979.22 10,858.39 17,457.70 1,086.71 0.00 0.00 0.00 0.00 0.00 7,706.08 1,870.34

2020

Jan 39,760.51 10,931.83 17,172.82 1,247.79 0.00 0.00 0.00 0.00 0.00 7,375.46 3,032.61

Feb 39,716.77 11,031.97 17,090.38 1,431.29 0.00 0.00 0.00 0.00 0.00 7,133.32 3,029.81

Mar 39,674.82 11,073.27 16,316.67 1,242.90 0.00 0.00 0.00 0.00 0.00 6,584.86 4,457.11

Apr 40,184.95 12,087.38 16,113.06 889.58 0.00 0.00 0.00 0.00 0.00 6,527.73 4,567.19

May 39,639.50 12,028.71 16,153.95 718.98 0.00 0.00 0.00 0.00 0.00 5,952.29 4,785.56

Jun 39,990.96 12,419.29 16,102.51 661.03 0.00 0.00 0.00 0.00 0.00 6,600.30 4,207.83

Foreign Liabilities

BHUTAN NATIONAL BANK LIMITED CONTINUED

Page 48: ROYAL MONETARY AUTHORITY OF BHUTAN Publication/MSB/2020/Monthly Statistic… · ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Note: We thank all those who have contributed

Nu. in Million

Assets

Claims

Claims on Claims

End of on Govt. on

Period Total Reserves Total Rupee Others Govt. Corps. NBFIs

2016

Jul 3,562.00 749.13 101.86 49.02 52.83 89.86 0.00 51.89 2,561.75 7.50

Aug 3,678.38 793.39 91.93 64.48 27.45 40.00 0.00 51.89 2,693.67 7.50

Sep 4,098.91 772.04 232.56 190.92 41.64 40.00 0.00 51.86 2,994.95 7.50

Oct 4,500.73 795.04 129.47 88.23 41.24 40.00 0.00 52.90 3,475.83 7.50

Nov 4,967.75 884.69 164.43 143.04 21.39 40.00 0.00 51.72 3,819.41 7.50

Dec 5,053.58 852.82 282.15 200.72 81.43 40.00 0.00 51.63 3,819.49 7.50

2017

Jan 5,079.41 888.45 243.77 160.58 83.19 40.00 0.00 51.63 3,848.06 7.50

Feb 4,809.28 719.80 107.15 73.21 33.94 40.00 0.00 52.10 3,882.74 7.50

Mar 5,444.25 805.23 324.87 210.06 114.82 40.00 0.00 52.00 4,214.64 7.50

Apr 5,595.83 855.50 221.93 168.93 53.00 40.00 0.00 51.98 4,418.92 7.50

May 6,573.89 953.66 141.73 118.10 23.63 40.00 0.00 52.00 4,579.00 807.50

Jun 6,455.06 991.38 180.23 122.35 57.87 40.00 0.00 51.98 4,383.98 807.50

Jul 6,026.40 1,023.35 142.91 95.04 47.87 40.00 0.00 451.98 4,360.66 7.50

Aug 6,128.64 1,160.08 158.14 144.20 13.95 40.00 0.00 251.98 4,510.93 7.50

Sep 6,265.75 1,281.78 137.10 75.88 61.22 40.00 0.00 51.96 4,747.40 7.50

Oct 6,352.55 863.18 391.80 290.89 100.91 40.00 0.00 51.96 4,998.12 7.50

Nov 6,648.74 1,033.75 259.42 137.34 122.08 40.00 0.00 51.95 5,256.13 7.50

Dec 6,714.41 1,219.08 244.18 142.03 102.14 40.00 0.00 51.94 5,151.72 7.50

2018

Jan 7,137.48 1,394.53 372.47 178.86 193.61 40.00 0.00 51.94 5,271.04 7.50

Feb 7,720.59 1,678.04 671.54 520.61 150.93 40.00 0.00 51.89 5,271.62 7.50

Mar 7,678.12 1,215.59 831.12 701.57 129.55 40.00 0.00 51.89 5,532.01 7.50

Apr 7,930.97 1,673.66 595.71 361.41 234.30 40.00 0.00 51.87 5,562.23 7.50

May 8,245.70 1,699.87 660.64 338.75 321.88 40.00 0.00 51.87 5,785.82 7.50

Jun 8,204.83 1,683.35 883.09 479.97 403.12 40.00 0.00 51.85 5,539.04 7.50

Jul 7,638.67 1,366.89 767.05 328.75 438.30 40.00 0.00 69.93 5,387.30 7.50

Aug 7,370.87 1,298.64 730.35 288.43 441.92 40.00 0.00 70.63 5,223.76 7.50

Sept 7,374.58 941.78 828.20 345.04 483.16 40.00 0.00 70.77 5,335.47 158.36

Oct 8,051.68 1,100.72 621.01 199.88 421.13 40.00 0.00 70.94 6,211.51 7.50

Nov 8,686.23 945.27 669.80 240.42 429.38 40.00 0.00 71.63 6,801.11 158.43

Dec 8,397.76 1,197.96 509.52 263.77 245.75 40.00 0.00 71.28 6,420.29 158.71

2019

Jan 8,607.75 1,016.49 686.32 335.52 350.79 40.00 0.00 71.99 6,785.20 7.75

Feb 8,811.55 1,124.15 599.34 261.42 337.92 40.00 0.00 102.63 6,786.82 158.61

Mar 8,882.02 987.37 687.55 344.32 343.23 40.00 0.00 102.41 6,905.99 158.71

Apr 10,356.58 1,490.32 776.59 439.13 337.46 40.00 0.00 182.06 7,708.90 158.71

May 10,273.54 1,261.65 970.80 630.88 339.92 40.00 0.00 182.16 7,661.18 157.75

Jun 10,273.54 1,261.65 970.80 630.88 339.92 40.00 0.00 182.16 7,661.18 157.75

Jul 9,934.65 1,292.60 842.24 501.63 340.62 40.00 0.00 182.38 7,419.67 157.75

Aug 9,781.35 1,167.00 940.59 563.20 377.39 40.00 0.00 182.56 7,293.46 157.75

Sep 10,184.50 1,285.78 1,005.08 666.01 339.06 40.00 0.00 182.70 7,512.27 158.67

Oct 10,286.08 1,233.78 973.34 599.75 373.59 40.00 0.00 143.57 7,736.69 158.70

Nov 10,633.31 1,228.32 1,194.97 544.94 650.04 40.00 0.00 143.92 7,868.35 157.75

Dec 10,750.29 1,376.94 1,258.09 623.03 635.06 20.00 0.00 143.76 7,743.68 207.81

2020

Jan 10,809.78 1,294.25 1,408.38 566.32 842.06 20.00 0.00 143.95 7,784.50 158.70

Feb 10,545.15 1,286.40 1,083.58 495.19 588.39 20.00 0.00 142.74 7,854.69 157.75

Mar 10,629.40 1,217.23 1,290.35 591.90 698.45 20.00 0.00 143.17 7,800.90 157.75

Apr 10,381.62 1,077.37 1,301.90 571.11 730.78 20.00 0.00 143.51 7,681.10 157.75

May 10,828.33 1,276.31 1,503.44 581.39 922.06 20.00 0.00 143.55 7,726.32 158.70

Jun 10,850.59 1,069.92 1,730.24 550.41 1,179.83 20.00 0.00 143.88 7,779.51 107.04

Note: Reports on the two new deposit-taking commercial banks (Druk PNB Ltd. & T Bank Ltd.) are available from April 2010.

T BANK LIMITED - MONETARY AND FINANCIAL STATISTICS

Foreign Assets

Claims on

Private

Sector

Claims on

Public

Sector *

*) With effect from January 1, 2011 Claims on Joint Corporations has been reclassified as Claims on Public Sector as per the new reporting format of

the Financial Regulation and Supervision Department of the RMA.

Page 49: ROYAL MONETARY AUTHORITY OF BHUTAN Publication/MSB/2020/Monthly Statistic… · ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Note: We thank all those who have contributed

Nu. in Million

Foreign Domestic Other

End of Demand Time Currency Govt. Borrow- Capital Items

Period Total Deposits Deposits Deposits Total Rupee Others Deposits ings Accounts (Net)

2016

Jul 3,562.00 1,089.04 1,501.11 26.35 0.00 0.00 0.00 0.00 0.00 595.47 350.03

Aug 3,678.38 1,159.30 1,633.45 21.83 0.00 0.00 0.00 0.00 0.00 598.31 265.48

Sep 4,098.91 1,232.72 1,544.70 6.35 0.00 0.00 0.00 0.00 0.00 593.88 721.26

Oct 4,500.73 1,418.49 1,588.16 0.00 0.00 0.00 0.00 0.00 0.00 609.10 884.98

Nov 4,967.75 1,579.40 1,730.40 0.00 0.00 0.00 0.00 0.00 0.00 600.36 1,057.58

Dec 5,053.58 1,588.51 1,584.48 6.51 0.00 0.00 0.00 0.00 0.00 625.36 1,248.71

2017

Jan 5,079.41 1,519.11 1,712.51 19.33 0.00 0.00 0.00 0.00 0.00 673.11 1,155.35

Feb 4,809.28 1,349.53 1,743.97 0.00 0.00 0.00 0.00 0.00 0.00 710.60 1,005.17

Mar 5,444.25 1,644.42 2,012.18 3.45 0.00 0.00 0.00 0.00 0.00 578.48 1,205.71

Apr 5,595.83 1,661.06 1,837.61 6.64 0.00 0.00 0.00 40.00 0.00 596.28 1,454.25

May 6,573.89 1,784.75 1,919.14 0.25 0.00 0.00 0.00 0.00 0.00 562.48 2,307.26

Jun 6,455.06 1,695.67 1,843.34 2.37 0.00 0.00 0.00 0.00 0.00 582.97 2,330.73

Jul 6,026.40 1,655.47 1,876.76 5.74 0.00 0.00 0.00 0.00 0.00 539.83 1,948.61

Aug 6,128.64 1,916.36 1,930.92 5.31 0.00 0.00 0.00 0.00 0.00 636.75 1,639.29

Sep 6,265.75 2,055.46 1,947.43 0.00 0.00 0.00 0.00 0.00 0.00 658.34 1,604.52

Oct 6,352.55 1,999.40 1,867.85 6.15 0.00 0.00 0.00 0.00 0.00 664.98 1,814.17

Nov 6,648.74 2,265.87 1,846.68 10.44 0.00 0.00 0.00 0.00 0.00 668.52 1,857.23

Dec 6,714.41 2,340.13 1,990.57 7.00 0.00 0.00 0.00 0.00 0.00 721.43 1,655.28

2018

Jan 7,137.48 2,369.70 2,497.37 22.08 0.00 0.00 0.00 0.00 0.00 645.28 1,603.05

Feb 7,720.59 2,190.43 3,065.10 25.29 0.00 0.00 0.00 0.00 0.00 669.80 1,769.97

Mar 7,678.12 2,189.20 3,064.21 31.12 0.00 0.00 0.00 0.00 0.00 633.12 1,760.47

Apr 7,930.97 2,500.35 3,007.47 0.08 0.00 0.00 0.00 0.00 0.00 602.51 1,820.56

May 8,245.70 2,720.66 3,067.41 0.00 0.00 0.00 0.00 0.00 0.00 663.96 1,793.68

Jun 8,204.83 2,589.34 3,130.78 10.22 0.00 0.00 0.00 0.00 0.00 767.63 1,706.86

Jul 7,638.67 2,280.37 2,951.28 1.74 0.00 0.00 0.00 0.00 0.00 753.46 1,651.82

Aug 7,370.87 2,112.17 2,854.58 1.88 0.00 0.00 0.00 0.00 0.00 749.82 1,652.42

Sept 7,374.58 2,103.00 2,870.08 10.91 0.00 0.00 0.00 0.00 0.00 788.96 1,601.63

Oct 8,051.68 2,705.33 2,872.91 4.41 0.00 0.00 0.00 0.00 0.00 787.77 1,681.26

Nov 8,686.23 3,223.76 2,894.01 2.22 0.00 0.00 0.00 0.00 0.00 825.47 1,740.77

Dec 8,397.76 2,828.23 2,955.38 7.06 0.00 0.00 0.00 0.00 0.00 866.64 1,740.46

2019

Jan 8,607.75 2,978.70 2,987.75 5.55 0.00 0.00 0.00 0.00 0.00 874.37 1,761.39

Feb 8,811.55 3,035.68 3,087.53 1.12 0.00 0.00 0.00 0.00 0.00 884.07 1,803.14

Mar 8,882.02 2,875.03 3,217.68 23.19 0.00 0.00 0.00 0.00 0.00 858.36 1,907.77

Apr 10,356.58 3,439.69 3,599.37 0.91 0.00 0.00 0.00 0.00 0.00 955.38 2,361.23

May 10,273.54 3,224.54 3,633.70 6.98 0.00 0.00 0.00 0.00 0.00 1,038.44 2,369.89

Jun 10,273.54 3,224.54 3,633.70 6.98 0.00 0.00 0.00 0.00 0.00 1,038.44 2,369.89

Jul 9,934.65 3,074.19 3,615.46 1.20 0.00 0.00 0.00 0.00 0.00 1,024.26 2,219.54

Aug 9,781.35 2,650.54 3,749.84 0.24 0.00 0.00 0.00 0.00 0.00 1,021.53 2,359.21

Sep 10,184.50 2,738.35 3,922.02 1.29 0.00 0.00 0.00 0.00 0.00 1,013.21 2,509.62

Oct 10,286.08 2,994.81 4,202.34 9.76 0.00 0.00 0.00 0.00 0.00 1,050.84 2,028.33

Nov 10,633.31 2,872.61 3,998.20 8.16 0.00 0.00 0.00 0.00 0.00 1,109.84 2,644.51

Dec 10,750.29 2,775.21 4,024.35 1.42 0.00 0.00 0.00 0.00 0.00 1,465.53 2,483.79

2020

Jan 10,809.78 2,879.13 3,535.42 11.68 0.00 0.00 0.00 0.00 0.00 1,435.06 2,948.48

Feb 10,545.15 2,662.64 3,421.44 6.16 0.00 0.00 0.00 0.00 0.00 1,419.23 3,035.68

Mar 10,629.40 2,490.73 3,715.17 0.59 0.00 0.00 0.00 0.00 0.00 1,368.53 3,054.39

Apr 10,381.62 2,634.72 3,663.15 0.42 0.00 0.00 0.00 0.00 0.00 1,390.92 2,692.42

May 10,828.33 3,199.52 3,155.79 0.36 0.00 0.00 0.00 0.00 0.00 1,359.93 3,112.72

Jun 10,850.59 3,275.73 3,165.17 0.71 0.00 0.00 0.00 0.00 0.00 1,386.78 3,022.21

Foreign Liabilities

Liabilities

T BANK LIMITED CONTINUED

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Nu. in Million

Assets

Claims

Claims on Claims

End of on Govt. on

Period Total Reserves Total Rupee Others Govt. Corps. NBFIs

2016

Jul 6,773.88 1,243.55 475.34 105.10 370.24 0.00 360.99 64.71 4,379.13 250.15

Aug 6,800.44 1,104.14 559.23 134.33 424.90 0.00 362.02 44.70 4,480.35 250.00

Sep 7,634.57 1,372.25 1,097.50 730.43 367.07 0.00 304.42 108.21 4,502.19 250.00

Oct 7,924.20 1,944.05 745.42 86.77 658.65 0.00 317.59 109.22 4,557.84 250.08

Nov 8,116.19 2,413.94 441.71 283.58 158.12 0.00 307.89 109.47 4,593.19 250.00

Dec 8,521.45 2,345.51 885.72 164.50 721.21 0.00 307.89 105.57 4,626.70 250.08

2017

Jan 13,023.69 6,997.90 618.67 -28.49 647.16 0.00 299.41 106.46 4,751.25 250.00

Feb 8,888.09 2,817.28 839.33 194.88 644.45 0.00 314.42 107.19 4,664.92 144.95

Mar 9,254.56 2,373.87 1,130.26 540.05 590.21 250.00 340.83 203.30 4,781.93 174.37

Apr 8,636.52 2,554.56 665.93 91.33 574.60 0.00 307.58 124.07 4,789.40 194.98

May 8,595.54 2,151.78 624.02 65.00 559.02 0.00 314.19 121.97 5,186.78 196.80

Jun 12,476.24 5,158.82 830.55 248.81 581.73 0.00 609.38 148.77 5,533.06 195.66

Jul 9,274.51 2,051.47 666.98 134.65 532.32 0.00 605.95 185.23 5,569.31 195.58

Aug 9,516.33 2,150.26 758.55 173.14 585.41 0.00 605.14 212.02 5,564.73 225.63

Sep 10,407.26 3,044.91 833.18 164.17 669.01 0.00 315.72 209.19 5,621.21 383.05

Oct 11,710.56 4,468.07 669.30 149.38 519.92 0.00 316.53 263.28 5,607.31 386.07

Nov 10,516.62 3,027.13 866.67 211.01 655.66 0.00 317.29 152.88 5,773.36 379.28

Dec 11,678.74 3,941.48 1,068.98 404.01 664.97 0.00 318.71 147.91 5,870.43 331.23

2018

Jan 10,321.84 2,944.45 845.42 170.15 675.27 0.00 315.21 134.42 6,082.33 0.00

Feb 10,578.01 3,301.75 697.38 37.05 660.33 0.00 319.89 126.33 6,004.30 128.37

Mar 10,769.36 2,648.87 911.77 294.16 617.61 0.00 817.30 146.05 6,119.46 125.91

Apr 11,014.56 2,475.19 1,061.21 477.41 583.80 498.97 280.78 149.93 6,421.70 126.78

May 10,423.21 2,278.81 657.32 218.08 439.25 0.00 719.90 128.36 6,512.94 125.87

Jun 10,704.37 2,205.38 579.17 193.92 385.25 0.00 729.28 135.36 6,898.42 156.76

Jul 12,963.63 4,540.52 486.82 44.94 441.88 0.00 729.67 150.34 6,970.63 85.64

Aug 11,435.08 2,674.50 416.31 169.00 247.31 0.00 710.32 208.33 7,360.14 65.49

Sept 11,894.53 3,478.68 275.76 91.19 184.57 0.00 331.12 230.10 7,462.90 115.96

Oct 11,705.88 3,175.19 445.06 149.34 295.72 0.00 321.73 233.82 7,494.62 35.45

Nov 13,337.68 4,774.53 347.31 161.93 185.38 0.00 331.36 290.12 7,584.16 10.19

Dec 13,236.75 3,916.93 599.70 353.10 246.60 0.00 333.59 264.14 7,772.34 350.05

2019

Jan 13,482.95 4,282.09 312.23 92.82 219.41 0.00 395.97 171.94 8,008.12 312.61

Feb 13,371.60 4,033.99 314.01 111.57 202.43 0.00 390.23 165.42 8,253.42 214.53

Mar 13,136.36 3,018.64 726.35 200.68 525.66 0.00 326.63 302.18 8,596.28 166.28

Apr 12,417.03 2,630.12 715.05 157.54 557.51 0.00 332.31 245.26 8,494.10 0.19

May 12,013.64 1,977.59 723.05 259.54 463.52 0.00 413.25 119.98 8,779.56 0.19

Jun 12,589.06 2,342.48 793.95 343.03 450.92 0.00 412.64 120.36 8,919.43 0.20

Jul 12,582.78 2,405.21 737.51 314.82 422.69 0.00 514.68 145.78 8,779.60 0.00

Aug 12,678.35 2,192.06 753.20 352.13 401.07 0.00 453.42 0.00 9,279.67 0.00

Sep 13,411.03 1,854.18 1,535.86 452.43 1,083.43 0.00 369.65 187.11 9,356.02 108.21

Oct 13,419.17 2,492.12 552.63 272.68 279.95 0.00 369.25 197.27 9,718.99 88.92

Nov 13,955.77 2,898.96 499.43 179.83 319.61 0.00 363.72 125.52 10,033.85 34.29

Dec 13,984.72 1,907.08 860.51 342.95 517.56 0.00 424.09 132.51 10,560.55 99.98

2020

Jan 14,257.61 2,234.54 694.30 230.30 464.01 0.00 416.97 109.12 10,793.40 9.27

Feb 14,183.62 2,065.28 698.08 232.94 465.14 250.00 177.49 105.35 10,877.81 9.61

Mar 14,323.09 1,962.93 829.71 367.77 461.93 250.00 55.00 128.27 11,097.18 0.00

Apr 14,858.77 2,619.00 657.91 205.60 452.31 250.00 193.07 179.23 10,959.55 0.00

May 16,162.19 3,802.62 691.02 262.31 428.71 250.00 153.40 180.39 11,084.76 0.00

Jun 15,642.28 3,080.44 583.28 239.21 344.07 250.00 55.00 179.92 11,493.64 0.00

Note: Reports on the two new deposit-taking commercial banks (Druk PNB Ltd. & T Bank Ltd.) are available from April 2010.

DRUK PNB LIMITED - MONETARY AND FINANCIAL STATISTICS

Foreign Assets

*) With effect from January 1, 2011 Claims on Joint Corporations has been reclassified as Claims on Public Sector as per the new reporting format of the

Financial Regulation and Supervision Department of the RMA.

Claims on

Public

Sector *

Claims on

Private

Sector

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Nu. in Million

Liabilities

Foreign Domestic Other

End of Demand Time Currency Govt. Borrow- Capital ItemsPeriod Total Deposits Deposits Deposits Total Rupee Others Deposits ings Accounts (Net)

2016

Jul 6,773.88 3,357.40 1,846.66 416.65 0.00 0.00 0.00 0.00 0.00 1,171.16 -18.00

Aug 6,800.44 3,564.11 1,851.69 409.03 0.00 0.00 0.00 0.00 0.00 1,157.48 -181.86

Sep 7,634.57 4,273.96 2,081.56 343.45 0.00 0.00 0.00 0.00 0.00 1,146.50 -210.91

Oct 7,924.20 4,216.88 2,115.32 638.79 0.00 0.00 0.00 0.00 0.00 1,185.48 -232.28

Nov 8,116.19 4,383.23 2,577.62 130.36 0.00 0.00 0.00 0.00 0.00 1,186.18 -161.20

Dec 8,521.45 4,191.53 2,743.13 716.25 0.00 0.00 0.00 0.00 0.00 1,189.58 -319.03

2017

Jan 13,023.69 8,397.31 2,648.99 646.90 0.00 0.00 0.00 0.00 0.00 1,250.81 79.69

Feb 8,888.09 5,015.46 2,653.37 0.00 0.00 0.00 0.00 0.00 0.00 1,196.13 23.13

Mar 9,254.56 5,010.21 3,890.81 0.00 0.00 0.00 0.00 0.00 0.00 1,268.05 -914.52

Apr 8,636.52 4,700.46 3,859.14 0.00 0.00 0.00 0.00 0.00 0.00 1,242.76 -1,165.83

May 8,595.54 4,612.14 3,878.02 0.00 0.00 0.00 0.00 0.00 0.00 1,224.26 -1,118.87

Jun 12,476.24 7,889.54 3,585.07 0.00 0.00 0.00 0.00 0.00 0.00 1,245.14 -243.52

Jul 9,274.51 4,646.05 4,404.72 0.00 0.00 0.00 0.00 0.00 0.00 1,265.07 -1,041.33

Aug 9,516.33 4,748.19 4,525.15 0.00 0.00 0.00 0.00 0.00 0.00 1,292.60 -1,049.61

Sep 10,407.26 5,869.90 3,504.19 0.00 0.00 0.00 0.00 0.00 0.00 1,276.94 -243.77

Oct 11,710.56 6,368.67 4,299.96 0.00 0.00 0.00 0.00 0.00 0.00 1,211.72 -169.78

Nov 10,516.62 5,359.37 4,311.26 0.00 0.00 0.00 0.00 0.00 0.00 1,234.43 -388.45

Dec 11,678.74 6,312.21 4,509.31 0.00 0.00 0.00 0.00 0.00 0.00 1,306.07 -448.85

2018

Jan 10,321.84 5,074.89 4,573.10 0.00 0.00 0.00 0.00 0.00 0.00 1,319.95 -646.10

Feb 10,578.01 5,379.62 4,606.22 0.00 0.00 0.00 0.00 0.00 0.00 1,337.52 -745.35

Mar 10,769.36 5,176.10 5,067.33 0.00 0.00 0.00 0.00 0.00 0.00 1,331.06 -805.13

Apr 11,014.56 5,110.05 5,200.49 0.00 0.00 0.00 0.00 0.00 0.00 1,349.16 -645.14

May 10,423.21 4,619.45 5,174.21 0.00 0.00 0.00 0.00 0.00 0.00 1,370.87 -741.32

Jun 10,704.37 4,462.83 6,055.79 0.00 0.00 0.00 0.00 0.00 0.00 1,384.49 -1,198.75

Jul 12,963.63 6,398.94 5,660.97 0.00 0.00 0.00 0.00 0.00 0.00 1,422.59 -518.87

Aug 11,435.08 4,573.56 5,535.47 0.00 0.00 0.00 0.00 0.00 0.00 1,842.59 -516.54

Sept 11,894.53 5,515.51 5,272.86 0.00 0.00 0.00 0.00 0.00 0.00 1,864.91 -758.76

Oct 11,705.88 4,345.62 6,240.44 0.00 0.00 0.00 0.00 0.00 0.00 1,867.24 -747.42

Nov 13,337.68 5,743.20 6,542.06 0.00 0.00 0.00 0.00 0.00 0.00 1,890.32 -837.90

Dec 13,236.75 4,798.70 7,084.16 0.00 0.00 0.00 0.00 0.00 0.00 1,852.27 -498.38

2019

Jan 13,482.95 4,316.42 7,036.92 0.00 0.00 0.00 0.00 0.00 0.00 1,982.88 146.73

Feb 13,371.60 4,614.05 6,628.19 0.00 0.00 0.00 0.00 0.00 0.00 1,907.48 221.88

Mar 13,136.36 4,950.08 6,054.59 0.00 0.00 0.00 0.00 0.00 0.00 1,945.26 186.43

Apr 12,417.03 4,992.25 6,193.45 0.00 0.00 0.00 0.00 0.00 0.00 1,928.79 -697.46

May 12,013.64 4,870.21 5,624.46 0.00 0.00 0.00 0.00 0.00 0.00 1,968.51 -449.54

Jun 12,589.06 4,923.44 5,611.55 0.00 0.00 0.00 0.00 0.00 0.00 2,001.54 52.52

Jul 12,582.78 4,837.08 4,187.38 0.00 0.00 0.00 0.00 0.00 0.00 2,025.85 1,532.46

Aug 12,678.35 4,919.35 6,079.37 0.00 0.00 0.00 0.00 0.00 0.00 2,034.22 -354.59

Sep 13,411.03 5,963.80 6,111.20 0.00 0.00 0.00 0.00 0.00 0.00 2,053.96 -717.94

Oct 13,419.17 5,394.75 6,114.92 0.00 0.00 0.00 0.00 0.00 0.00 2,081.41 -171.91

Nov 13,955.77 5,448.96 6,698.29 0.00 0.00 0.00 0.00 0.00 0.00 2,086.02 -277.50

Dec 13,984.72 5,466.55 6,734.90 0.00 0.00 0.00 0.00 0.00 0.00 1,993.87 -210.60

2020

Jan 14,257.61 5,247.52 8,884.37 0.00 0.00 0.00 0.00 0.00 0.00 1,919.35 -1,793.62

Feb 14,183.62 4,997.20 6,527.81 0.00 0.00 0.00 0.00 0.00 0.00 2,054.09 604.53

Mar 14,323.09 4,686.42 6,955.97 0.00 0.00 0.00 0.00 0.00 0.00 1,975.45 705.25

Apr 14,858.77 5,274.74 6,921.79 0.00 0.00 0.00 0.00 0.00 0.00 1,927.40 734.83

May 16,162.19 6,303.58 7,534.36 0.00 0.00 0.00 0.00 0.00 0.00 1,929.38 394.87

Jun 15,642.28 5,031.89 7,900.58 0.00 0.00 0.00 0.00 0.00 0.00 1,917.28 792.53

Foreign Liabilities

DRUK PNB LIMITED CONTINUED

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Nu. in Million

Liabilities

Group

End Insur- Credit Credit Other

of Life PPF ance from from Items

Period Total Fund Fund Fund DMBs NBFIs (Net)

2016

Jul 16,106.16 0.00 0.00 0.00 1,958.87 3,515.41 2,761.40 7,870.47

Aug 16,333.60 0.00 0.00 0.00 2,096.10 3,619.76 2,709.85 7,907.90

Sep 16,775.46 0.00 0.00 0.00 2,134.83 3,653.93 2,795.55 8,191.15

Oct 16,983.29 0.00 0.00 0.00 2,053.64 3,607.64 2,793.16 8,528.85

Nov 17,419.52 0.00 0.00 0.00 2,126.49 3,692.98 2,900.14 8,699.91

Dec 18,021.63 3,083.47 251.44 4,140.23 2,501.20 3,595.22 2,852.25 1,597.81

2017

Jan 18,887.50 3,083.47 225.20 4,986.08 2,473.15 3,550.02 3,161.50 1,408.08

Feb 17,991.92 3,083.47 225.20 4,259.74 2,182.02 3,574.20 3,309.68 1,357.61

Mar 18,504.66 3,083.47 225.20 4,116.14 2,712.21 3,507.55 3,017.65 1,842.44

Apr 19,717.41 3,083.47 251.11 4,062.39 2,909.13 3,448.73 3,132.10 2,830.47

May 19,854.39 3,083.47 250.61 4,170.58 2,772.44 3,477.80 3,040.66 3,058.83

Jun 19,037.32 3,083.47 250.72 4,275.62 2,353.32 3,758.27 3,207.39 2,108.54

Jul 20,394.86 3,083.47 1,282.28 3,883.05 1,924.87 3,872.38 3,350.30 2,998.52

Aug 19,260.32 3,083.47 250.72 5,198.08 2,353.32 3,783.41 2,926.67 1,664.65

Sep 19,364.43 3,083.47 250.72 5,299.03 1,260.40 3,699.26 3,438.76 2,332.79

Oct 19,576.19 3,083.47 250.73 5,445.75 982.62 3,737.22 3,512.41 2,564.00

Nov 19,777.05 3,083.47 250.73 5,559.39 766.62 3,737.20 3,444.64 2,935.00

Dec 20,494.85 3,849.87 272.90 1,702.45 1,621.26 3,452.49 2,907.28 6,688.60

2018

Jan 20,023.72 3,849.87 272.19 6,292.98 560.94 3,623.88 2,980.68 2,443.17

Feb 20,328.08 3,849.87 272.90 6,496.52 556.62 3,606.66 2,486.74 3,058.77

Mar 20,558.99 3,849.87 272.90 6,570.79 544.91 3,532.27 2,186.12 3,602.12

Apr 20,561.66 3,849.87 272.90 6,469.67 349.01 3,475.99 1,660.98 4,483.24

May 20,342.59 3,849.87 272.90 5,969.79 269.09 3,429.89 3,185.69 3,365.37

Jun 20,326.73 3,849.87 272.90 6,013.62 269.09 3,226.34 2,935.13 3,759.78

Jul 20,156.43 3,849.87 272.90 6,032.39 200.00 2,871.52 2,959.65 3,970.10

Aug 20,114.90 3,849.87 272.90 6,037.10 210.98 2,858.52 2,639.42 4,246.11

Sept 20,289.85 3,849.87 272.90 6,042.98 160.00 2,898.50 3,028.12 4,037.48

Oct 20,709.43 3,849.87 272.90 6,068.42 182.80 2,898.50 3,110.79 4,326.14

Nov 20,998.23 3,849.87 272.90 6,217.60 289.82 2,898.50 2,548.10 4,921.43

Dec 22,047.99 4,851.31 187.01 1,986.40 1,207.10 2,621.50 969.28 10,225.39

2019

Jan 21,534.97 4,741.92 187.01 6,490.96 433.42 2,881.50 532.09 6,268.08

Feb 21,740.12 4,741.92 187.01 6,437.80 436.52 2,881.50 914.41 6,140.97

Mar 21,832.29 4,741.92 187.01 6,520.44 303.26 2,881.50 572.65 6,625.51

Apr 21,771.64 4,741.92 187.01 6,335.37 -22.74 2,881.50 752.95 6,895.63

May 22,104.13 4,741.92 187.01 6,571.50 141.26 2,881.50 -189.64 7,770.59

Jun 22,266.13 4,741.92 187.01 6,908.00 125.54 2,881.50 -1,643.78 9,065.95

Jul 22,444.12 4,741.92 187.01 6,523.70 143.44 2,881.50 -648.60 8,615.16

Aug 22,744.74 4,741.92 187.01 6,543.04 143.24 2,881.50 -1,066.97 9,315.00

Sep 22,605.09 4,741.92 187.01 6,477.09 277.04 2,621.50 -979.86 9,280.41

Oct 22,533.15 4,741.92 187.01 6,483.27 303.04 2,621.50 -211.53 8,407.95

Nov 22,782.63 4,741.92 187.01 6,525.63 222.32 2,621.50 -462.83 8,947.09

Dec 23,456.04 4,692.86 252.40 2,372.33 455.89 2,621.50 2,312.07 10,748.99

2020

Jan 23,205.72 4,692.86 252.40 7,006.12 -134.16 2,621.50 2,634.78 6,132.23

Feb 23,115.19 4,692.86 252.40 7,028.50 -155.50 2,621.50 2,223.87 6,451.56

Mar 23,330.59 4,692.86 252.40 7,485.83 -143.47 2,621.50 1,975.72 6,445.76

Apr 23,330.59 4,692.86 252.40 7,485.83 141.09 2,621.50 1,975.72 6,161.20

May 23,333.29 4,692.86 252.39 7,241.57 179.30 2,621.50 2,239.22 6,106.45

Jun 23,598.11 4,604.66 252.40 7,891.83 131.13 2,500.00 2,248.55 5,969.55

Capital

Accounts

With revision in classification starting from January 2011, Private Provident Fund, Group Insurance Fund and Life Insurance

Fund are clubbed with Other Items Net based on new reporting format introduced by the Financial Regulation and Supervision

Department of the RMA.

ROYAL INSURANCE CORPORATION OF BHUTAN LIMITED CONTINUED

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Nu. in Million

Assets

Claims Claims Claims

Claims on on on Claims

End of on Govt. Public Private on

Period Total Reserves Total Rupee Others Govt. Corps. Sector* Sector NBFIs

2016

Jul 19,211.04 2,587.71 47.22 47.22 0.00 0.00 284.44 33.44 15,846.96 411.27

Aug 19,797.52 2,735.66 41.34 41.34 0.00 0.00 284.44 33.44 16,291.36 411.27

Sep 19,915.77 2,806.21 35.76 35.76 0.00 38.82 471.56 33.44 16,118.70 411.27

Oct 20,089.46 2,827.34 31.74 31.74 0.00 0.00 8.52 33.44 16,330.09 858.32

Nov 20,702.46 3,112.52 119.43 119.43 0.00 0.00 54.25 33.44 16,542.35 840.46

Dec 21,182.33 3,796.08 0.86 0.86 0.00 0.00 54.31 33.44 16,474.36 823.27

2017

Jan 21,196.64 3,661.46 0.58 0.58 0.00 0.00 54.37 33.44 16,630.74 816.05

Feb 21,332.50 3,500.06 1.04 1.04 0.00 0.00 54.42 33.44 16,943.44 800.10

Mar 21,254.83 3,172.03 0.57 0.57 0.00 0.00 49.98 33.44 17,218.02 780.78

Apr 21,561.70 3,231.17 0.44 0.44 0.00 0.00 6.92 33.44 17,526.67 763.06

May 21,828.46 3,368.49 0.44 0.44 0.00 0.00 7.83 33.44 17,673.08 745.18

Jun 21,883.94 3,575.98 0.00 0.00 0.00 0.00 0.00 421.27 17,527.37 359.32

Jul 21,883.94 3,575.98 0.00 0.00 0.00 0.00 0.00 421.27 17,527.37 359.32

Aug 21,684.64 3,002.10 0.00 0.00 0.00 0.00 0.00 33.36 17,922.05 727.13

Sep 22,450.61 3,523.34 5.00 5.00 0.00 0.00 0.00 8.53 18,207.87 705.87

Oct 22,384.52 3,150.99 0.37 0.37 0.00 0.00 8.65 33.32 18,529.65 661.55

Nov 22,617.60 3,293.88 0.70 0.70 0.00 0.00 7.77 33.31 18,860.68 421.27

Dec 23,223.76 3,873.22 11.69 11.69 0.00 0.00 52.29 33.44 18,631.19 621.93

2018

Jan 23,294.77 3,920.54 11.69 11.69 0.00 0.00 52.29 33.44 18,855.54 421.27

Feb 23,380.12 3,895.43 11.65 11.65 0.00 0.00 52.29 33.44 18,813.31 574.00

Mar 23,515.62 3,820.82 7.48 7.48 0.00 0.00 52.29 33.44 19,098.90 502.68

Apr 23,348.17 3,625.31 12.20 12.20 0.00 0.00 52.29 33.44 19,121.97 502.95

May 23,830.41 4,183.48 13.84 13.84 0.00 0.00 52.29 33.44 19,057.32 490.04

Jun 24,032.10 4,757.69 25.34 25.34 0.00 0.00 52.29 33.44 18,662.64 500.69

Jul 23,979.75 4,900.94 22.47 22.47 0.00 0.00 52.29 33.44 18,549.19 421.40

Aug 24,876.13 5,682.55 16.30 16.30 0.00 0.00 52.29 33.44 18,670.13 421.41

Sept 24,941.93 5,346.70 12.44 12.44 0.00 0.00 52.29 33.44 18,815.35 681.71

Oct 25,268.17 5,557.97 19.03 19.03 0.00 0.00 52.29 33.44 18,922.51 682.91

Nov 25,149.83 5,432.43 22.47 22.47 0.00 0.00 55.64 33.44 18,923.05 682.79

Dec 24,702.55 5,244.79 15.77 15.77 0.00 0.00 65.01 33.44 18,662.31 681.23

2019

Jan 24,261.36 4,750.05 31.00 31.00 0.00 0.00 65.01 33.44 18,700.63 681.23

Feb 23,884.65 4,093.89 29.57 29.57 0.00 0.00 65.01 33.44 18,980.17 682.57

Mar 23,963.20 3,946.61 21.42 21.42 0.00 0.00 65.01 33.44 19,214.01 682.71

Apr 23,843.12 3,655.94 15.23 15.23 0.00 0.00 65.01 33.44 19,390.83 682.66

May 24,203.93 3,774.86 15.72 15.72 0.00 0.00 65.01 33.44 19,631.95 682.94

Jun 23,862.46 3,597.05 11.07 11.07 0.00 0.00 65.01 33.44 19,473.22 682.66

Jul 23,831.94 3,404.41 10.11 10.11 0.00 0.00 65.01 33.45 19,636.26 682.70

Aug 23,873.06 3,207.85 12.75 12.75 0.00 0.00 65.01 33.44 19,872.70 681.32

Sep 23,847.84 3,445.03 9.64 9.64 0.00 0.00 65.01 33.44 19,873.45 421.27

Oct 24,475.24 3,982.38 14.79 14.79 0.00 0.00 65.01 33.44 19,958.35 421.27

Nov 24,604.31 3,951.00 13.38 13.38 0.00 0.00 65.01 33.44 20,120.19 421.27

Dec 25,196.80 4,872.74 9.72 9.72 0.00 0.00 69.59 33.44 19,930.99 280.33

2020

Jan 24,392.56 4,175.09 11.13 11.13 0.00 0.00 69.59 33.44 19,822.98 280.33

Feb 24,503.60 4,107.01 10.53 10.53 0.00 0.00 69.59 33.44 20,002.70 280.33

Mar 24,948.90 4,281.19 3.45 3.45 0.00 0.00 90.79 33.44 20,259.69 280.33

Apr 24,936.28 4,044.07 3.58 3.58 0.00 0.00 90.79 33.44 20,484.07 280.33

May 25,158.30 3,613.05 3.13 3.13 0.00 0.00 443.38 28.44 20,784.96 285.33

Jun 25,825.82 4,115.24 9.97 9.97 0.00 0.00 521.62 28.44 20,765.21 385.33

BHUTAN DEVELOPMENT BANK LIMITED - MONETARY AND FINANCIAL STATISTICS 1

*) With effect from January 1, 2011 Claims on Joint Corporations has been reclassified as Claims on Public Sector as per the new reporting format of the

Financial Regulation and Supervision Department of the RMA.

Foreign Assets

1) BDBL received its licence to operate as a specialized deposit-taking commercial bank on March 1, 2010.

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Nu. in Million

Liabilities

Foreign Domestic Other

End of Demand Time Currency Govt. Borrow- Capital ItemsPeriod Total Deposits Deposits Deposits Total Rupee Others Deposits ings Accounts (Net)

2016

Jul 19,211.04 2,939.61 9,915.98 0.00 0.00 0.00 0.00 0.00 702.27 3,025.90 2,627.28

Aug 19,797.52 3,031.81 9,470.95 0.00 0.00 0.00 0.00 0.00 696.32 2,997.72 3,600.71

Sep 19,915.77 3,186.50 9,599.58 0.00 0.00 0.00 0.00 0.00 688.19 2,671.95 3,769.55

Oct 20,089.46 3,314.29 9,833.38 0.00 0.00 0.00 0.00 0.00 687.29 2,753.29 3,501.21

Nov 20,702.46 3,550.71 10,403.77 0.00 0.00 0.00 0.00 0.00 686.58 2,876.63 3,184.76

Dec 21,182.33 3,541.79 10,566.61 0.00 0.00 0.00 0.00 0.00 681.58 3,241.01 3,151.35

2017

Jan 21,196.64 3,468.53 10,745.35 0.00 0.00 0.00 0.00 0.00 680.65 3,161.25 3,140.86

Feb 21,332.50 3,501.34 11,072.89 0.00 0.00 0.00 0.00 0.00 674.70 2,993.11 3,090.46

Mar 21,254.83 3,625.72 11,669.30 0.00 0.00 0.00 0.00 0.00 565.67 2,670.60 2,723.53

Apr 21,561.70 3,725.21 10,956.72 0.00 0.00 0.00 0.00 0.00 565.68 2,519.30 3,794.79

May 21,828.46 3,775.00 10,782.85 0.00 296.21 0.00 296.21 0.00 268.77 2,506.64 4,198.99

Jun 21,883.94 3,876.79 11,118.17 0.00 289.33 0.00 289.33 0.00 269.71 2,371.10 3,958.83

Jul 21,883.94 3,876.79 11,118.17 0.00 289.33 0.00 289.33 0.00 269.71 2,371.10 3,958.83

Aug 21,684.64 4,250.66 13,455.30 0.00 0.00 0.00 0.00 0.00 553.10 1,802.76 1,622.82

Sep 22,450.61 5,003.44 10,961.32 0.00 0.00 0.00 0.00 0.00 544.07 1,717.11 4,224.66

Oct 22,384.52 4,332.97 11,309.28 0.00 0.00 0.00 0.00 0.00 544.07 1,451.55 4,746.66

Nov 22,617.60 4,531.06 11,219.23 0.00 279.60 0.00 279.60 9.26 263.77 1,583.47 4,731.21

Dec 23,223.76 4,398.66 11,672.38 0.00 279.60 0.00 279.60 0.00 263.77 2,014.94 4,594.41

2018

Jan 23,294.77 4,440.04 12,397.65 0.00 378.67 0.00 378.67 0.00 163.77 2,261.88 3,652.76

Feb 23,380.12 4,267.42 11,604.20 0.00 378.67 0.00 378.67 0.00 163.77 1,731.58 5,234.48

Mar 23,515.62 4,422.38 12,243.84 0.00 269.64 0.00 269.64 0.00 163.77 1,370.59 5,045.40

Apr 23,348.17 4,488.55 11,143.38 0.00 539.64 0.00 539.64 0.00 163.77 1,478.03 5,534.80

May 23,830.41 4,931.10 11,378.83 0.00 668.14 0.00 668.14 0.00 163.77 1,463.55 5,225.03

Jun 24,032.10 5,186.52 11,895.21 0.00 768.24 0.00 768.24 0.00 163.77 2,117.33 3,901.03

Jul 23,979.75 5,319.06 11,750.42 0.00 764.09 0.00 764.09 0.00 163.77 1,989.24 3,993.17

Aug 24,876.13 5,303.68 12,311.02 0.00 764.09 0.00 764.09 0.00 163.77 1,973.25 4,360.33

Sept 24,941.93 5,420.80 12,058.32 0.00 733.96 0.00 733.96 0.00 163.77 1,865.60 4,699.48

Oct 25,268.17 5,446.23 12,263.73 0.00 733.06 0.00 733.06 0.00 159.68 1,935.37 4,730.10

Nov 25,149.83 5,209.24 12,421.47 0.00 732.36 0.00 732.36 0.00 159.68 2,216.19 4,410.89

Dec 24,702.55 5,068.01 12,292.33 0.00 0.00 0.00 0.00 0.00 868.72 2,391.42 4,082.07

2019

Jan 24,261.36 4,942.31 12,106.03 0.00 0.00 0.00 0.00 0.00 867.79 3,471.23 2,873.99

Feb 23,884.65 4,848.68 12,173.46 0.00 0.00 0.00 0.00 0.00 867.79 2,392.17 3,602.56

Mar 23,963.20 5,044.58 12,085.09 0.00 0.00 0.00 0.00 0.00 832.67 2,063.80 3,937.06

Apr 23,843.12 4,944.26 12,302.50 0.00 0.00 0.00 0.00 0.00 832.67 1,893.69 3,870.01

May 24,203.92 4,783.81 12,756.91 0.00 0.00 0.00 0.00 0.00 831.97 1,736.85 4,094.39

Jun 23,862.46 5,253.05 12,476.46 0.00 0.00 0.00 0.00 0.00 831.04 1,848.25 3,453.66

Jul 23,831.94 5,191.16 12,319.81 0.00 0.00 0.00 0.00 0.00 805.95 1,854.46 3,660.56

Aug 23,873.06 5,434.41 11,895.28 0.00 0.00 0.00 0.00 0.00 805.95 1,851.08 3,886.35

Sep 23,847.84 5,497.53 11,723.69 0.00 0.00 0.00 0.00 0.00 773.83 1,421.88 4,430.92

Oct 24,475.24 5,962.00 11,723.69 0.00 0.00 0.00 0.00 0.00 768.83 1,491.71 4,529.02

Nov 24,604.31 5,583.29 11,996.48 0.00 0.00 0.00 0.00 0.00 768.13 1,601.81 4,654.61

Dec 25,196.80 5,699.65 11,995.17 0.00 0.00 0.00 0.00 0.00 743.71 2,341.82 4,416.46

2020

Jan 24,392.56 6,049.31 11,749.25 0.00 0.00 0.00 0.00 0.00 743.42 2,261.42 3,589.16

Feb 24,503.60 6,113.71 11,795.98 0.00 0.00 0.00 0.00 0.00 742.78 2,217.66 3,633.47

Mar 24,948.90 6,369.94 11,953.29 0.00 0.00 0.00 0.00 0.00 734.65 2,139.30 3,751.72

Apr 24,936.28 6,674.22 12,044.03 0.00 0.00 0.00 0.00 0.00 704.31 1,863.21 3,650.51

May 25,158.27 6,967.73 12,104.09 0.00 0.00 0.00 0.00 0.00 703.61 1,901.26 3,481.58

Jun 25,825.82 7,562.01 12,273.74 0.00 0.00 0.00 0.00 0.00 703.61 1,173.42 4,113.05

Foreign Liabilities

BHUTAN DEVELOPMENT BANK LIMITED CONTINUED

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Nu. in Million

Assets

Claims Claims Claims

End Claims on on on Claims Claims

of on Govt. Public Private on On

Period Total Reserves Total Rupee Others Govt. Corps. Sector* Sector DMBs NBFIS

2016

Jul 16,106.16 193.43 32.76 29.92 2.84 0.00 0.00 38.98 14,477.96 1,297.93 65.10

Aug 16,333.60 192.25 32.76 29.92 2.84 0.00 0.00 38.98 14,706.59 1,297.93 65.10

Sep 16,775.46 298.38 32.76 29.92 2.84 0.00 0.00 38.98 15,042.31 1,297.93 65.10

Oct 16,983.29 305.59 53.25 50.41 2.84 0.00 0.00 38.98 15,222.45 1,297.93 65.10

Nov 17,419.52 355.86 95.02 50.41 44.61 0.00 0.00 38.98 15,566.63 1,297.93 65.10

Dec 18,021.63 917.18 76.36 6.70 69.66 0.00 0.00 71.35 15,549.45 1,303.61 103.67

2017

Jan 18,887.50 461.79 98.35 78.28 20.06 0.00 0.00 71.35 16,927.39 1,303.61 25.00

Feb 17,991.92 169.67 96.67 80.00 16.67 0.00 0.00 71.35 16,325.61 1,303.61 25.00

Mar 18,504.66 285.23 110.00 80.00 30.00 0.00 0.00 71.35 16,709.46 1,303.61 25.00

Apr 19,717.41 339.73 98.18 70.76 27.42 0.00 0.00 71.35 17,879.53 1,303.61 25.00

May 19,854.39 320.36 98.51 77.32 21.19 0.00 0.00 71.35 18,035.54 1,303.61 25.00

Jun 19,037.32 338.49 111.84 81.07 30.77 0.00 0.00 38.98 17,184.98 1,297.93 65.10

Jul 20,394.86 466.86 103.03 82.27 20.76 0.00 0.00 38.98 18,422.97 1,297.93 65.10

Aug 19,260.32 419.12 111.94 91.93 20.00 0.00 0.00 38.98 17,327.25 1,297.93 65.10

Sep 19,364.43 384.80 150.18 99.91 50.27 0.00 0.00 38.98 17,427.44 1,297.93 65.10

Oct 19,576.19 397.69 134.37 102.56 31.81 0.00 0.00 38.98 17,642.12 1,297.93 65.10

Nov 19,777.05 462.13 149.19 109.30 39.89 0.00 0.00 38.98 17,763.72 1,297.93 65.10

Dec 20,494.85 1,560.31 20.62 0.00 20.62 0.00 12.67 37.79 17,501.29 1,303.61 58.56

2018

Jan 20,023.72 287.73 156.22 131.81 24.41 0.00 0.00 37.79 17,879.80 1,603.61 58.56

Feb 20,328.08 430.87 137.84 137.84 0.00 0.00 0.00 37.79 18,059.41 1,603.61 58.56

Mar 20,558.99 627.08 133.47 133.47 0.00 0.00 0.00 37.79 18,098.48 1,603.61 58.56

Apr 20,561.66 849.45 167.99 140.83 27.17 0.00 0.00 37.79 17,844.25 1,603.61 58.56

May 20,342.59 549.63 150.06 131.66 18.40 0.00 0.00 37.79 17,942.94 1,603.61 58.56

Jun 20,326.73 627.55 151.42 127.13 24.29 0.00 0.00 37.79 17,847.80 1,603.61 58.56

Jul 20,156.43 343.70 152.45 134.14 18.30 0.00 0.00 37.79 18,010.32 1,553.61 58.56

Aug 20,114.90 349.00 152.73 123.52 29.22 0.00 0.00 37.79 18,113.20 1,403.61 58.56

Sept 20,289.85 264.45 153.06 131.93 21.13 0.00 0.00 37.79 18,372.38 1,403.61 58.56

Oct 20,709.43 318.60 144.94 130.83 14.11 0.00 0.00 37.79 18,745.93 1,403.61 58.56

Nov 20,998.23 291.68 160.05 131.67 28.38 0.00 0.00 37.79 19,046.53 1,403.61 58.56

Dec 22,047.99 1,318.24 141.50 0.00 141.50 0.00 0.00 37.79 19,088.28 1,403.61 58.56

2019

Jan 21,534.97 356.51 139.32 119.28 20.04 0.00 0.00 37.79 19,539.18 1,403.61 58.56

Feb 21,740.12 304.57 133.22 109.20 24.02 0.00 0.00 37.79 19,802.36 1,403.61 58.56

Mar 21,832.29 332.61 94.88 94.88 0.00 0.00 0.00 37.79 19,904.84 1,403.61 58.56

Apr 21,771.64 364.27 85.08 85.08 0.00 0.00 0.00 37.79 19,822.31 1,403.61 58.56

May 22,104.13 309.85 79.70 79.70 0.00 0.00 0.00 37.79 20,024.61 1,593.61 58.56

Jun 22,266.13 420.55 78.25 78.25 0.00 0.00 0.00 37.79 20,077.37 1,593.61 58.56

Jul 22,444.12 274.12 89.42 89.42 0.00 0.00 0.00 37.79 20,190.61 1,793.61 58.56

Aug 22,744.74 447.63 85.56 85.56 0.00 0.00 0.00 37.79 20,321.58 1,793.61 58.56

Sep 22,605.09 397.72 70.52 70.52 0.00 0.00 0.00 37.79 20,446.89 1,593.61 58.56

Oct 22,533.15 222.94 0.00 0.00 0.00 0.00 0.00 37.79 20,620.24 1,593.61 58.56

Nov 22,782.63 367.52 0.00 0.00 0.00 0.00 0.00 37.79 20,725.15 1,593.61 58.56

Dec 23,456.04 984.33 0.00 0.00 0.00 0.00 54.90 37.79 20,726.85 1,593.61 58.56

2020

Jan 23,205.72 493.62 0.00 0.00 0.00 0.00 54.90 37.79 20,967.23 1,593.61 58.56

Feb 23,115.19 330.20 16.41 16.41 0.00 0.00 54.90 37.79 21,023.70 1,593.61 58.56

Mar 23,330.59 388.22 16.18 16.18 0.00 0.00 54.90 37.79 21,081.33 1,693.61 58.56

Apr 23,330.59 388.22 16.18 16.18 0.00 0.00 54.90 37.79 21,081.33 1,693.61 58.56

May 23,333.29 247.64 21.14 21.14 0.00 0.00 54.90 37.79 21,069.64 1,843.61 58.56

Jun 23,598.11 361.62 38.28 38.28 0.00 0.00 54.90 37.79 21,103.34 1,943.61 58.56

ROYAL INSURANCE CORPORATION OF BHUTAN LIMITED - FINANCIAL STATISTICS

Foreign Assets

*) With effect from January 1, 2011 Claims on Joint Corporations has been reclassified as Claims on Public Sector as per the new reporting format of the

Financial Regulation and Supervision Department of the RMA.

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Nu. in Million

Assets

Claims Claims Claims

End Claims on on on Claims Claims

of on Govt. Public Private on On

Period Total Reserves Total Rupee Others Govt. Corps. Sector** Sector DMBs NBFIS

2016

Jul 1,139.24 125.08 0.00 0.00 0.00 0.00 0.00 1.75 867.00 85.41 60.00

Aug 1,155.18 90.85 0.00 0.00 0.00 0.00 0.00 1.75 887.17 115.41 60.00

Sep 1,163.12 117.68 0.00 0.00 0.00 0.00 0.00 1.75 908.28 75.41 60.00

Oct 1,191.80 141.70 0.00 0.00 0.00 0.00 0.00 1.75 912.95 75.41 60.00

Nov 1,210.95 128.24 0.00 0.00 0.00 0.00 0.00 1.75 945.56 75.41 60.00

Dec 1,248.56 109.46 0.00 0.00 0.00 0.00 0.00 1.75 1,001.94 75.41 60.00

2017

Jan 1,250.31 79.92 0.00 0.00 0.00 0.00 0.00 1.75 1,033.23 75.41 60.00

Feb 1,329.79 103.93 0.00 0.00 0.00 0.00 0.00 1.75 1,088.70 75.41 60.00

Mar 1,359.25 79.45 0.00 0.00 0.00 0.00 0.00 1.75 1,142.64 75.41 60.00

Apr 1,460.64 126.79 0.00 0.00 0.00 0.00 0.00 1.75 1,196.69 75.41 60.00

May 1,440.87 86.64 0.00 0.00 0.00 0.00 0.00 1.75 1,217.06 75.41 60.00

Jun 1,467.27 87.28 0.00 0.00 0.00 0.00 0.00 1.75 1,242.83 75.41 60.00

Jul 1,492.26 63.89 0.00 0.00 0.00 0.00 0.00 1.75 1,291.21 75.41 60.00

Aug 1,558.37 49.57 0.00 0.00 0.00 0.00 0.00 1.75 1,371.64 75.41 60.00

Sep 1,732.84 71.67 0.00 0.00 0.00 0.00 0.00 1.75 1,524.01 75.41 60.00

Oct 1,770.84 78.91 0.00 0.00 0.00 0.00 0.00 1.75 1,554.77 75.41 60.00

Nov 1,832.28 133.47 0.00 0.00 0.00 0.00 0.00 1.75 1,561.65 75.41 60.00

Dec 1,878.50 191.89 0.00 0.00 0.00 0.00 0.00 1.75 1,549.44 75.41 60.00

2018

Jan 1,827.36 150.14 0.00 0.00 0.00 0.00 0.00 1.75 1,540.06 75.41 60.00

Feb 1,816.08 115.80 0.00 0.00 0.00 0.00 0.00 1.75 1,563.11 75.41 60.00

Mar 1,826.05 139.07 0.00 0.00 0.00 0.00 0.00 1.75 1,549.82 75.41 60.00

Apr 1,845.01 177.16 0.00 0.00 0.00 0.00 0.00 1.75 1,560.68 45.41 60.00

May 1,861.52 158.91 0.00 0.00 0.00 0.00 0.00 1.75 1,565.45 75.41 60.00

Jun 1,876.49 157.04 0.00 0.00 0.00 0.00 0.00 1.75 1,582.29 75.41 60.00

Jul 1,903.88 114.52 0.00 0.00 0.00 0.00 0.00 1.75 1,652.20 75.41 60.00

Aug 1,924.86 84.19 0.00 0.00 0.00 0.00 0.00 1.75 1,703.51 75.41 60.00

Sept 1,996.20 125.49 0.00 0.00 0.00 0.00 0.00 1.75 1,733.55 75.41 60.00

Oct 2,012.31 126.95 0.00 0.00 0.00 0.00 0.00 1.75 1,748.20 75.41 60.00

Nov 2,025.68 171.71 0.00 0.00 0.00 0.00 0.00 1.75 1,716.81 75.41 60.00

Dec 2,156.09 297.96 0.00 0.00 0.00 0.00 0.00 1.75 1,720.96 75.41 60.00

2019

Jan 2,132.88 245.60 0.00 0.00 0.00 0.00 0.00 1.75 1,750.12 75.41 60.00

Feb 2,124.65 226.94 0.00 0.00 0.00 0.00 0.00 1.75 1,760.54 75.41 60.00

Mar 2,157.62 271.52 0.00 0.00 0.00 0.00 0.00 1.75 1,748.94 75.41 60.00

Apr 2,130.01 197.47 0.00 0.00 0.00 0.00 0.00 1.75 1,735.38 135.41 60.00

May 2,144.27 178.28 0.00 0.00 0.00 0.00 0.00 1.75 1,768.83 135.41 60.00

Jun 2,164.29 166.20 0.00 0.00 0.00 0.00 0.00 1.75 1,800.93 135.41 60.00

Jul 2,165.94 115.98 0.00 0.00 0.00 0.00 0.00 1.75 1,852.80 135.41 60.00

Aug 2,191.89 97.35 0.00 0.00 0.00 0.00 0.00 1.75 1,897.37 135.41 60.00

Sep 2,206.00 53.79 0.00 0.00 0.00 0.00 0.00 1.75 1,955.04 135.41 60.00

Oct 2,235.04 64.71 0.00 0.00 0.00 0.00 0.00 1.75 1,967.17 135.41 66.00

Nov 2,260.69 84.43 0.00 0.00 0.00 0.00 0.00 1.75 1,973.10 135.41 66.00

Dec 2,349.19 190.77 0.00 0.00 0.00 0.00 0.00 1.75 1,951.98 138.69 66.00

2020

Jan 2,374.21 202.34 0.00 0.00 0.00 0.00 0.00 1.75 1,965.42 138.69 66.00

Feb 2,310.42 142.07 0.00 0.00 0.00 0.00 0.00 1.75 1,961.91 138.69 66.00

Mar 2,289.23 112.30 0.00 0.00 0.00 0.00 0.00 1.75 1,970.49 138.69 66.00

Apr 2,272.42 101.89 0.00 0.00 0.00 0.00 0.00 1.75 1,964.09 138.69 66.00

May 2,264.91 82.03 0.00 0.00 0.00 0.00 0.00 1.75 1,976.43 138.69 66.00

Jun 2,279.74 95.11 0.00 0.00 0.00 0.00 0.00 1.75 1,978.19 138.69 66.00

BHUTAN INSURANCE LIMITED - FINANCIAL STATISTICS1

Foreign Assets

**) With effect from January 1, 2011 Claims on Joint Corporations has been reclassified as Claims on Public Sector as per the new reporting format of the

Financial Regulation and Supervision Department of the RMA.

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Nu. in Million

Liabilities

End Credit Credit Other

of Life PPF from from Items

Period Total Fund Fund DMBs NBFIs (Net)

2016

Jul 1,139.24 0.00 0.00 0.00 0.00 0.00 50.00 496.74 592.50

Aug 1,155.18 0.00 0.00 0.00 0.00 0.00 50.00 511.80 593.38

Sep 1,163.12 0.00 0.00 0.00 0.00 0.00 482.63 507.46 173.02

Oct 1,191.80 0.00 0.00 0.00 0.00 0.00 50.00 502.91 638.89

Nov 1,210.95 0.00 0.00 0.00 0.00 0.00 50.00 545.44 615.51

Dec 1,248.56 0.00 0.00 0.00 0.00 0.00 505.65 506.47 236.44

2017

Jan 1,250.31 0.00 0.00 0.00 0.00 0.00 61.00 513.95 675.36

Feb 1,329.79 0.00 0.00 0.00 0.00 0.00 119.50 512.38 697.91

Mar 1,359.25 0.00 0.00 0.00 0.00 0.00 121.00 526.36 711.90

Apr 1,460.64 0.00 0.00 0.00 647.48 0.00 61.00 521.67 230.50

May 1,440.87 0.00 0.00 0.00 649.55 0.00 61.00 536.50 193.82

Jun 1,467.27 0.00 0.00 0.00 654.87 0.00 61.00 546.46 204.94

Jul 1,492.26 0.00 0.00 0.00 0.00 0.00 61.00 525.01 906.25

Aug 1,558.37 0.00 0.00 0.00 691.76 0.00 91.00 564.90 210.72

Sep 1,732.84 0.00 0.00 0.00 707.84 0.00 231.00 569.82 224.18

Oct 1,770.84 0.00 0.00 0.00 718.01 0.00 231.00 575.69 246.14

Nov 1,832.28 0.00 0.00 0.00 722.70 0.00 294.00 592.00 223.58

Dec 1,878.50 0.00 0.00 0.00 0.00 0.00 295.50 558.08 1,024.92

2018

Jan 1,827.36 0.00 0.00 0.00 800.88 0.00 235.50 559.51 231.47

Feb 1,816.08 0.00 0.00 0.00 803.04 0.00 205.50 541.82 265.72

Mar 1,826.05 0.00 0.00 0.00 0.00 0.00 205.50 579.79 1,040.77

Apr 1,845.01 0.00 0.00 0.00 0.00 0.00 230.50 559.26 1,055.24

May 1,861.52 0.00 0.00 0.00 812.44 0.00 230.50 573.82 244.77

Jun 1,876.49 0.00 0.00 0.00 821.24 0.00 230.50 601.68 223.06

Jul 1,903.88 0.00 0.00 0.00 818.61 0.00 250.50 581.79 252.98

Aug 1,924.86 0.00 0.00 0.00 850.09 0.00 230.50 594.62 249.65

Sept 1,996.20 0.00 0.00 0.00 832.02 0.00 280.50 623.72 259.96

Oct 2,012.31 0.00 0.00 0.00 0.00 0.00 270.50 620.32 1,121.49

Nov 2,025.68 0.00 0.00 0.00 846.67 0.00 270.50 584.67 323.84

Dec 2,156.09 0.00 0.00 0.00 885.67 0.00 310.50 601.22 358.70

2019

Jan 2,132.88 0.00 0.00 0.00 947.10 0.00 270.50 565.53 349.75

Feb 2,124.65 0.00 0.00 0.00 939.08 0.00 250.50 520.41 414.65

Mar 2,157.62 0.00 0.00 0.00 959.92 0.00 255.50 485.44 456.76

Apr 2,130.01 0.00 0.00 0.00 961.08 0.00 235.50 462.97 470.46

May 2,144.27 0.00 0.00 0.00 970.44 0.00 210.00 483.25 480.57

Jun 2,164.29 0.00 0.00 0.00 949.12 0.00 210.00 494.58 510.60

Jul 2,165.94 0.00 0.00 0.00 982.03 0.00 200.00 514.56 469.36

Aug 2,191.89 0.00 0.00 0.00 984.21 0.00 200.00 550.17 457.51

Sep 2,206.00 0.00 0.00 0.00 987.67 0.00 200.00 518.89 499.44

Oct 2,235.04 0.00 0.00 0.00 963.08 0.00 200.00 648.33 423.64

Nov 2,260.69 0.00 0.00 0.00 1,033.85 0.00 200.00 474.21 552.64

Dec 2,349.19 0.00 0.00 0.00 863.05 0.00 200.00 689.14 597.00

2020

Jan 2,374.21 0.00 0.00 0.00 1,117.28 0.00 200.00 708.88 348.04

Feb 2,310.42 0.00 0.00 0.00 1,112.15 0.00 200.00 672.96 325.31

Mar 2,289.23 0.00 0.00 0.00 1,043.62 0.00 200.00 661.87 383.75

Apr 2,272.42 0.00 0.00 0.00 1,029.47 0.00 240.00 655.81 347.14

May 2,264.91 0.00 0.00 0.00 1,029.82 0.00 240.00 653.29 341.80

Jun 2,279.74 0.00 0.00 0.00 951.58 149.23 200.00 652.06 326.87

Capital

Accounts

General

Insurance

Reserve

Fund

Group

Insurance

Fund

BHUTAN INSURANCE LIMITED CONTINUED

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Nu. in Million

Assets

Conver- Claims

End tible Claims on

of Foreign on Private

Period Total Total Rupee Currency Govt. Sector

2016

Jul 76,651.55 75,380.11 17,409.14 57,970.97 1,237.50 0.00 33.94 0.00 0.00

Aug 80,956.59 76,347.80 19,527.56 56,820.25 4,573.43 0.00 35.36 0.00 0.00

Sep 83,089.96 82,340.58 25,329.77 57,010.81 712.59 0.00 36.79 0.00 0.00

Oct 85,717.28 82,405.21 24,590.73 57,814.48 3,276.00 0.00 36.08 0.00 0.00

Nov 88,074.25 87,288.39 29,754.23 57,534.16 749.41 0.00 36.44 0.00 0.00

Dec 78,200.66 76,483.96 21,604.32 54,879.64 1,679.70 0.00 37.00 0.00 0.00

2017

Jan 71,319.87 69,253.20 17,868.72 51,384.48 1,499.20 530.96 36.50 0.00 0.00

Feb 72,039.60 71,317.18 20,259.77 51,057.40 685.94 0.00 36.48 0.00 0.00

Mar 80,315.39 74,896.25 23,912.32 50,983.94 5,383.11 0.00 36.03 0.00 0.00

Apr 66,704.06 66,104.48 16,126.97 49,977.51 564.22 0.00 35.36 0.00 0.00

May 70,083.24 69,112.42 21,845.59 47,266.83 935.18 0.00 35.64 0.00 0.00

Jun 72,435.35 71,820.66 23,496.07 48,324.59 578.36 0.00 36.33 0.00 0.00

Jul 69,586.42 68,879.61 20,509.43 48,370.19 511.85 159.45 35.50 0.00 0.00

Aug 72,655.88 72,414.44 23,425.46 48,988.98 141.39 64.04 36.01 0.00 0.00

Sep 78,125.95 76,051.87 26,511.23 49,540.64 1,092.04 945.45 36.59 0.00 0.00

Oct 80,103.95 79,254.44 28,207.57 51,046.88 813.94 0.00 35.56 0.00 0.00

Nov 79,317.55 78,598.36 27,481.09 51,117.27 683.96 0.00 35.23 0.00 0.00

Dec 77,975.19 76,485.98 26,617.34 49,868.63 1,427.67 27.92 33.62 0.00 0.00

2018

Jan 75,883.52 73,630.87 25,623.49 48,007.38 1,671.20 548.37 33.08 0.00 0.00

Feb 71,385.03 65,876.15 19,286.84 46,589.31 4,993.83 482.34 32.71 0.00 0.00

Mar 75,977.02 66,461.64 16,185.93 50,275.71 7,843.34 1,639.60 32.45 0.00 0.00

Apr 67,728.07 65,608.16 9,110.49 56,497.67 2,087.87 0.00 32.04 0.00 0.00

May 77,409.04 74,387.36 21,247.14 53,140.22 362.29 2,627.26 32.12 0.00 0.00

Jun 75,935.26 75,193.96 18,614.44 56,579.52 709.32 0.00 31.98 0.00 0.00

Jul 74,927.18 74,162.71 20,302.72 53,859.99 733.28 0.00 31.20 0.00 0.00

Aug 79,452.77 77,171.28 23,246.56 53,924.71 728.07 1,522.47 30.95 0.00 0.00

Sept 82,096.23 79,750.14 22,279.93 57,470.21 2,194.19 121.75 30.16 0.00 0.00

Oct 80,250.73 79,496.01 23,317.81 56,178.20 725.10 0.00 29.61 0.00 0.00

Nov 71,434.56 70,237.02 17,945.00 52,292.02 1,167.78 0.00 29.76 0.00 0.00

Dec 69,911.04 67,916.89 15,725.53 52,191.37 1,326.30 638.00 29.84 0.00 0.00

2019

Jan 76,292.92 75,242.70 21,245.52 53,997.18 810.37 210.99 28.85 0.00 0.00

Feb 79,170.76 74,163.25 18,217.82 55,945.43 2,649.78 2,329.76 27.97 0.00 0.00

Mar 77,740.92 74,602.73 20,437.19 54,165.54 431.93 2,678.35 27.91 0.00 0.00

Apr 69,112.74 67,954.22 11,462.50 56,491.72 316.74 814.88 26.90 0.00 0.00

May 73,625.36 71,799.67 16,593.72 55,205.95 305.07 1,493.89 26.72 0.00 0.00

Jun 76,367.33 73,116.48 17,266.44 55,850.04 724.76 2,500.00 26.09 0.00 0.00

Jul 74,537.49 73,709.07 20,333.21 53,375.86 659.91 143.65 24.86 0.00 0.00

Aug 78,031.08 77,469.92 20,645.43 56,824.49 535.80 0.00 25.36 0.00 0.00

Sep 79,613.15 78,312.64 19,860.65 58,451.99 1,243.18 32.02 25.32 0.00 0.00

Oct 82,459.06 79,818.54 20,316.97 59,501.57 2,555.11 59.84 25.57 0.00 0.00

Nov 83,740.67 82,168.01 21,062.77 61,105.23 1,547.58 0.00 25.09 0.00 0.00

Dec 86,555.81 85,483.93 20,640.20 64,843.74 1,047.94 0.00 23.94 0.00 0.00

2020

Jan 91,378.87 86,051.06 23,923.68 62,127.38 4,355.73 947.91 24.17 0.00 0.00

Feb 94,060.09 93,435.56 30,104.30 63,331.25 600.84 0.00 23.70 0.00 0.00

Mar 94,817.46 93,122.81 26,854.60 66,268.21 612.13 1,059.40 23.12 0.00 0.00

Apr 96,446.22 95,953.48 27,862.92 68,090.56 469.92 0.00 22.82 0.00 0.00

May 102,992.67 101,091.01 27,181.37 73,909.64 1,879.57 0.00 22.08 0.00 0.00

Jun(P) 101,251.37 100,448.45 26,183.84 74,264.60 781.65 0.00 21.28 0.00 0.00

ROYAL MONETARY AUTHORITY OF BHUTAN - MONETARY AND FINANCIAL STATISTICS

Claims

on

NBFIs

Govt.

Securities

Foreign Assets

Claims

on DMBs

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Nu. in Million

Liabilities

Of which:

Currency Other

End of Outside Govt. Capital Items

Period Total Total Banks Total Rupee Others Deposits Account ( Net )

2016

Jul 76,651.55 25,233.47 5,637.30 13,783.81 13,783.81 0.00 11,887.93 0.00 3,750.55 21,995.78

Aug 80,956.59 28,598.21 5,242.27 13,839.24 13,839.24 0.00 12,754.48 0.00 3,838.29 21,926.36

Sep 83,089.96 27,264.85 5,176.93 13,727.73 13,727.73 0.00 17,683.34 0.00 3,066.42 21,347.62

Oct 85,717.28 31,968.30 6,027.65 13,781.81 13,781.81 0.00 15,159.06 0.00 3,175.57 21,632.54

Nov 88,074.25 34,801.94 6,958.90 13,836.60 13,836.60 0.00 13,200.56 0.00 3,289.45 22,945.70

Dec 78,200.66 34,262.93 8,318.93 7,000.00 7,000.00 0.00 11,118.32 0.00 3,422.87 22,396.54

2017

Jan 71,319.87 31,478.22 9,006.11 7,029.73 7,029.73 0.00 9,350.47 0.00 3,509.51 19,951.95

Feb 72,039.60 29,127.10 8,873.74 7,056.58 7,056.58 0.00 13,126.52 0.00 3,624.15 19,105.25

Mar 80,315.39 35,751.95 7,954.86 7,030.68 7,030.68 0.00 13,049.84 0.00 3,800.35 20,682.57

Apr 66,704.06 28,184.58 8,232.13 7,059.45 7,059.45 0.00 11,760.50 0.00 3,830.58 15,868.94

May 70,083.24 31,550.50 8,306.62 7,058.49 7,058.49 0.00 7,587.62 0.00 3,953.23 19,933.39

Jun 72,435.35 34,327.86 8,787.66 7,000.00 7,000.00 0.00 7,152.22 0.00 3,951.51 20,003.76

Jul 69,586.42 29,835.24 8,814.52 7,029.73 7,029.73 0.00 8,895.58 0.00 4,034.63 19,791.25

Aug 72,655.88 28,541.92 8,510.69 7,059.45 7,059.45 0.00 7,261.14 0.00 4,311.31 25,482.06

Sep 78,125.95 32,101.70 8,523.58 7,134.36 7,134.36 0.00 8,335.05 0.00 4,420.85 26,133.99

Oct 80,103.95 32,990.40 8,416.99 7,099.31 7,099.31 0.00 10,341.70 0.00 3,447.97 26,224.56

Nov 79,317.55 30,514.13 8,442.03 7,081.18 7,081.18 0.00 12,641.95 0.00 3,631.94 25,448.36

Dec 77,975.19 32,712.25 8,767.08 7,046.14 7,046.14 0.00 9,530.99 0.00 3,858.36 24,827.46

2018

Jan 75,883.52 31,248.81 8,661.76 7,099.31 7,099.31 0.00 9,091.48 0.00 4,285.32 24,158.60

Feb 71,385.03 29,141.85 7,925.54 7,056.58 7,056.58 0.00 12,702.40 0.00 4,448.91 18,035.29

Mar 75,977.02 35,568.20 8,307.63 7,085.34 7,085.34 0.00 10,574.05 0.00 4,564.75 18,184.67

Apr 67,728.07 27,039.63 8,430.81 7,028.77 7,028.77 0.00 9,406.92 0.00 4,337.53 19,915.23

May 77,409.04 32,265.54 8,968.32 13,796.35 13,796.35 0.00 6,720.23 0.00 4,452.52 20,174.40

Jun 75,935.26 33,469.76 9,312.45 13,776.26 13,776.26 0.00 3,020.41 0.00 4,357.71 21,311.12

Jul 74,927.18 31,815.71 8,993.14 13,828.87 13,828.87 0.00 3,429.57 0.00 4,645.08 21,207.95

Aug 79,452.77 33,958.87 8,843.36 13,747.65 13,747.65 0.00 4,148.99 0.00 4,849.24 22,748.03

Sept 82,096.23 34,973.53 8,447.80 13,713.12 13,713.12 0.00 4,271.81 0.00 4,972.54 24,165.23

Oct 80,250.73 30,997.44 9,043.89 13,768.60 13,768.60 0.00 6,969.03 0.00 3,548.36 24,967.30

Nov 71,434.56 35,110.24 9,159.08 7,058.49 7,058.49 0.00 3,595.31 0.00 4,565.70 21,104.81

Dec 69,911.04 29,898.11 9,171.41 7,000.00 7,000.00 0.00 6,848.35 0.00 5,713.23 20,451.35

2019

Jan 76,292.92 27,298.36 9,261.69 14,146.63 14,146.63 0.00 7,941.85 0.00 5,827.87 21,078.21

Feb 79,170.76 30,135.89 9,127.16 14,264.51 14,264.51 0.00 7,750.20 0.00 5,888.44 21,131.72

Mar 77,740.92 31,201.68 8,998.71 14,235.12 14,235.12 0.00 6,730.21 0.00 6,102.58 19,471.33

Apr 69,112.74 29,544.60 9,129.98 7,095.24 7,095.24 0.00 6,108.32 0.00 6,231.59 20,133.00

May 73,625.36 27,299.90 7,990.88 14,109.16 14,109.16 0.00 5,644.78 0.00 6,346.52 20,225.00

Jun 76,367.33 31,973.92 9,744.09 14,007.13 14,007.13 0.00 4,310.11 0.00 6,354.74 19,721.44

Jul 74,537.49 30,115.82 9,470.94 14,060.56 14,060.56 0.00 4,365.66 0.00 6,734.78 19,260.67

Aug 78,031.08 28,798.81 9,367.27 14,042.50 14,042.50 0.00 6,928.74 0.00 6,830.94 21,430.08

Sep 79,613.15 32,606.96 9,524.04 14,002.54 14,002.54 0.00 5,484.19 0.00 6,912.32 20,607.13

Oct 82,459.06 35,780.05 9,984.17 14,022.69 14,022.69 0.00 7,877.28 0.00 3,774.49 21,004.55

Nov 83,740.67 36,167.98 10,360.12 14,087.41 14,087.41 0.00 8,145.72 0.00 3,924.50 21,415.07

Dec 86,555.81 35,566.70 10,946.72 14,107.62 14,107.62 0.00 11,415.95 0.00 3,983.88 21,481.66

2020

Jan 91,378.87 41,243.29 10,447.38 14,191.06 14,191.06 0.00 10,795.50 0.00 4,034.55 21,114.46

Feb 94,060.09 38,248.16 10,278.62 21,354.55 21,354.55 0.00 9,084.31 0.00 4,207.70 21,165.38

Mar 94,817.46 37,733.25 10,092.38 21,335.21 21,335.21 0.00 6,964.14 0.00 5,001.18 23,783.69

Apr 96,446.22 39,968.88 10,475.20 21,400.94 21,400.94 0.00 5,920.68 0.00 5,173.17 23,982.54

May 102,992.67 40,913.23 11,000.23 21,352.69 21,352.69 0.00 11,282.95 0.00 5,230.69 24,213.11

Jun(P) 101,251.37 45,049.75 11,782.87 21,322.36 21,322.36 0.00 5,705.23 0.00 5,115.96 24,058.07

Reserve Money Foreign Liabilities

Note: Starting from January 2003 onwards, a major reclassifications has been carried out in the accounts of all the economic sectors. Data prior to 2003 cannot

always be directly compared with the subsequent data because of a break in continuity.

ROYAL MONETARY AUTHORITY OF BHUTAN CONTINUED

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BOB BNB Druk PNB T Bank BDB BOB BNB Druk PNB T Bank BDB BOB BNB Druk PNB T Bank BDB BOB BNB Druk PNB T Bank BDB

31-Jan-19 4,642.14 2,917.25 1,216.44 691.29 2,016.49 982.07 1,760.12 210.14 140.94 461.31 3,793.13 875.96 2,935.12 1.42 16.52 28-Feb-19 4,634.67 2,914.91 1,247.16 713.89 1,973.95 3,635.68 905.93 1,410.28 66.33 63.93 6,367.74 678.36 332.04 1.30 50.57 31-Mar-19 4,563.68 2,829.74 1,234.27 731.12 1,939.77 4,912.47 1,446.68 813.48 92.94 856.99 3,894.78 357.03 2,158.09 1.25 19.52 30-Apr-19 4,641.25 2,962.03 1,234.87 750.53 1,935.62 2,279.92 1,735.98 1,209.38 30.68 473.14 4,638.64 333.43 719.11 1.20 13.18 31-May-19 4,871.38 3,046.27 1,238.01 786.67 1,961.84 1,057.51 787.58 1,365.85 483.74 863.17 4,209.75 410.96 652.27 1.54 105.13 30-Jun-19 4,894.15 3,105.35 1,201.42 815.73 1,978.69 3,789.41 1,451.02 996.46 304.09 918.33 3,137.64 479.77 432.67 1.17 82.62 31-Jul-19 4,893.91 3,066.28 1,205.12 852.33 1,988.16 1,405.84 2,088.14 2,059.21 237.03 363.77 3,407.87 362.34 267.56 0.79 43.52 31-Aug-19 4,986.69 3,072.55 1,261.51 857.14 1,977.58 2,525.15 704.21 457.52 123.56 638.95 4,920.46 351.50 1,310.02 0.41 69.02 30-Sep-19 5,220.21 3,151.92 1,301.90 858.57 1,948.51 3,426.47 2,221.86 1,615.85 182.12 952.50 3,965.82 342.48 821.14 0.04 45.48 31-Oct-19 5,436.28 3,200.74 1,413.41 871.74 1,996.63 6,699.98 889.47 1,635.48 187.66 1,285.55 5,944.49 381.56 1,123.31 4.64 27.60 16,016.97 4,763.62 1,449.06 730.24 524.24 30-Nov-19 5,486.56 3,306.92 1,397.31 904.56 2,015.18 6,029.89 1,539.10 1,537.91 119.47 856.68 6,751.83 375.19 559.01 4.49 11.44 18,328.25 4,533.18 1,354.21 918.57 432.67 31-Dec-19 5,730.14 3,338.05 1,414.84 921.42 2,046.52 4,895.37 1,368.61 988.78 293.82 2,092.34 7,402.10 372.81 3,221.53 3.71 20.16 17,832.91 4,092.10 1,281.48 725.11 489.17 31-Jan-20 5,919.14 3,420.68 1,433.92 909.66 2,058.47 11,218.00 1,083.24 1,307.47 97.30 1,100.43 9,167.32 370.74 930.81 3.71 15.41 18,565.98 3,662.08 918.35 753.83 815.98 29-Feb-20 6,121.50 3,360.57 1,414.64 891.69 2,056.77 7,553.94 1,322.75 669.97 62.13 1,571.66 6,123.26 349.47 2,265.28 3.33 15.39 19,013.01 3,810.92 1,123.61 668.83 851.38 31-Mar-20 5,635.13 3,080.50 1,261.91 780.54 1,856.48 8,219.90 1,621.64 882.19 122.76 1,611.01 5,455.15 352.34 563.70 2.55 264.75 22,803.67 3,514.14 642.29 524.17 828.68 30-Apr-20 4,414.32 2,381.90 983.29 615.82 1,461.57 11,115.57 1,727.52 1,772.58 190.26 1,045.59 4,305.36 390.32 384.45 2.55 492.27 25,290.03 3,307.65 1,300.15 516.70 807.30 31-May-20 4,481.22 2,375.20 1,064.59 620.75 1,487.32 10,857.09 1,135.14 3,278.38 693.00 1,482.80 6,855.52 372.38 304.14 1.92 3,248.22 23,605.34 2,808.12 499.70 817.57 30-Jun-20 4,627.38 2,384.44 1,072.35 630.47 1,509.14 15,096.79 1,632.34 2,069.27 233.36 1,276.47 4,603.93 414.71 277.90 1.62 127.38 22,293.80 2,691.35 602.46 1,172.89

Current Account Balances with Banks

Liquidity in the Banking Sector

Nu. In MillionCurrent Account at RMACash Reserve Ratio Sweeping Accounts

Date

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(Amount in Nu.)

1. SHORT TERM DEPOSITS HELD OUTSIDE

BHUTAN IN FOREIGN CURRENCIES12,983,487,389.00 13,240,067,889.00

2. INDIAN RUPEES HELD IN BHUTAN 511,848,422.00 503,031,422.00

TOTAL 13,495,335,811.00 13,743,099,311.00

1. NOTES IN CIRCULATION 13,493,510,008.00 13,741,308,497.00

2. NOTES HELD IN BANKING DIVISION 1,825,803.00 1,790,814.00

TOTAL 13,495,335,811.00 13,743,099,311.00

LIABILITIES

ANNEX IROYAL MONETARY AUTHORITY OF BHUTAN

BALANCE SHEET

ASSETS

CURRENCY MANAGEMENT DEPARTMENT

April 30, 2020 May 31, 2020

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Company*/ Paid Up Market Profits Reserves Book Earnings PE Dividend Return

Year of Capital Capitalization Nu. in Nu. in Value Per Share Ratio Yield on Capital

Listing Nu. in Mill. High Low Nu. in Mill. Mill. Mill. Nu. Nu. (%) (ROC)

BCCL 2013 100.00 259.00 770.00 770.00 770.00 46.25 472.28 572.28 46.25 16.65 40.00 5.19 0.08

1993 2014 100.00 259.00 77.00 77.00 770.00 73.72 505.99 60.60 7.37 10.44 40.00 5.19 0.12

2015 100.00 260.00 75.00 75.00 750.00 -51.32 414.68 51.47 -5.13 -14.61 10.00 1.33 -0.10

2016 100.00 263.00 75.00 75.00 750.00 -89.97 314.70 41.47 -9.00 0.00 0.00 0.00 -0.22

RICBL 2013 240.00 1,506.00 700.00 700.00 1,680.00 388.01 2,152.42 996.84 161.67 4.33 45.00 6.43 0.16

1993 2014 480.00 1,494.00 70.00 57.00 2,736.00 401.64 2,205.91 55.96 8.37 6.81 35.00 6.14 0.15

2015 1,200.00 1,493.00 57.00 25.00 4,512.00 510.65 1,868.61 25.57 4.26 8.84 20.00 9.31 0.17

2016 1,200.00 1,484.00 46.00 35.00 4,800.00 472.69 2,097.66 27.48 3.94 10.15 25.00 6.25 0.14

PCAL 2013 340.00 1,447.00 700.00 700.00 2,380.00 272.04 727.80 314.06 80.01 8.75 90.00 12.86 0.25

1993 2014 340.00 1,425.00 80.00 70.00 2,380.00 208.01 935.81 37.52 6.12 11.44 80.00 11.43 0.16

2015 340.00 1,417.00 65.00 52.00 2,040.00 118.82 782.63 33.02 3.49 17.17 35.00 5.83 0.11

2016 340.00 1,418.00 60.00 51.60 1,754.00 183.30 846.93 34.91 5.39 9.57 70.00 13.57 0.15

BBPL 2013 140.00 487.00 100.00 100.00 140.00 36.59 162.88 216.34 26.14 3.83 10.00 10.00 0.12

1993 2014 140.00 480.00 - - 140.00 6.22 154.22 21.02 0.44 22.50 7.00 7.00 0.02

2015 140.00 479.00 10.00 10.00 140.00 7.50 151.99 20.86 0.54 18.66 8.00 7.00 0.03

2016 140.00 477.00 10.00 10.00 140.00 7.60 150.47 20.75 0.54 18.49 0.00 0.00 0.03

BTCL 2013 20.94 156.00 400.00 400.00 83.76 30.79 173.68 929.43 147.05 2.72 25.00 6.25 0.16

1994 2014 20.94 155.00 40.00 40.00 83.76 34.31 188.69 100.11 16.38 2.44 15.00 3.75 0.16

2015 20.94 156.00 40.00 40.00 83.76 37.39 229.96 119.82 17.85 2.24 - 3.75 0.15

2016 20.94 156.00 0.00 0.00 83.76 30.13 256.03 132.27 14.39 2.78 30.00 7.50 0.11

BFAL 2013 150.00 43.00 - - 900.00 115.79 734.06 589.37 77.19 7.77 65.00 10.83 0.13

1995 2014 150.00 43.00 - - 900.00 189.35 838.91 65.93 12.62 4.75 75.00 12.50 0.19

2015 150.00 43.00 - - 900.00 66.52 792.93 62.86 4.43 13.53 40.00 6.67 0.07

2016 150.00 43.00 60.00 60.00 900.00 2.05 721.97 58.13 0.14 428.57 0.00 0.00 0.00

BNBL 2013 2,534.38 4,519.00 335.00 335.00 8,490.17 763.40 2,781.69 209.76 30.12 11.12 7.66 2.29 0.14

1996 2014 3,548.08 4,521.00 39.00 25.00 9,934.62 744.35 3,364.28 19.48 2.10 13.35 10.00 3.57 0.11

2015 3,548.08 4,514.00 31.00 23.00 10,289.42 789.65 3,820.83 20.77 2.23 13.03 14.10 4.86 0.11

2016 3,291.94 4,514.00 30.00 27.00 8,888.22 702.26 3,534.10 20.74 2.13 12.66 13.40 5.00 0.10

BPCL 2013 24.93 128.00 - - 24.93 4.00 42.62 270.93 16.03 6.24 8.00 8.00 0.06

1997 2014 24.93 127.00 - - 24.93 4.98 19.97 18.01 2.00 5.00 - - 0.11

2015 24.93 128.00 - - 24.93 14.47 34.44 23.81 5.80 1.72 15.00 150.00 0.24

2016 24.93 129.00 10.00 10.00 24.93 10.96 41.65 26.71 4.39 2.28 25.00 25.00 0.16

STCBL 2013 180.00 137.00 200.00 200.00 360.00 4.59 94.95 152.75 2.55 78.39 - - 0.02

1997 2014 180.00 137.00 - - 360.00 7.89 102.92 15.72 0.44 45.61 - 75.00 0.03

2015 180.00 136.00 17.20 17.20 309.60 71.82 174.17 19.68 3.99 4.31 15.00 - 0.20

2016 180.00 137.00 18.00 17.50 315.00 82.49 228.87 22.72 4.58 3.82 18.00 10.29 0.20

DSCL 2013 91.31 1,267.00 - - 273.93 111.81 140.87 254.28 122.45 2.45 100.00 33.33 0.48

1998 2014 91.31 1,266.00 - - 273.93 124.66 219.88 34.08 13.65 2.20 125.00 41.67 0.40

2015 91.31 1,265.00 - - 273.93 126.73 188.13 30.60 13.88 2.16 130.00 43.33 0.45

2016 91.31 1,262.00 - - 273.93 101.73 261.16 38.60 11.14 2.69 80.00 26.67 0.29

ROYAL SECURITIES EXCHANGE OF BHUTAN Ltd.,INFORMATION ON LISTED COMPANIES.

ReferenceYearNo.of

shareholders

Market Price (Nu.) Dividend

(%)

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Company*/ Paid Up Market Profits Reserves Book Earnings PE Dividend Return

Year of Capital Capitalization Nu. in Nu. in Value Per Share Ratio Yield on Capital

Listing Nu. in Mill. High Low Nu. in Mill. Mill. Mill. Nu. Nu. (%) (ROC)

DPOP 2013 10.00 214 - - 20.00 1.80 17.34 273.44 18.01 11.11 10.00 5.00 0.07

2001 2014 10.00 214 - - 20.00 0.39 17.73 27.73 0.39 51.38 - - 0.01

2015 10.00 214 - - 20.00 0.42 18.15 28.15 0.42 47.56 - - 0.02

2016 10.00 214 - - 20.00 -2.12 16.03 26.03 -2.12 -9.43 0.00 0.00 -0.08

EBCC 2013 52.10 1,069 344.00 344.00 179.22 138.80 419.29 904.77 266.40 1.29 200.00 58.14 0.29

2005 2014 52.10 1,062 40.00 35.00 208.40 248.71 563.80 118.22 47.74 0.84 300.00 75.00 0.40

2015 52.10 1,059 40.00 40.00 208.40 174.18 581.69 121.65 33.43 1.20 200.00 50.00 0.27

2016 52.10 1,053 40.00 40.00 208.40 159.41 632.27 131.36 30.60 1.31 200.00 50.00 0.23

KCL 2013 50.00 233 120.00 120.00 60.00 6.02 94.28 288.56 12.05 9.96 - - 0.04

2007 2014 50.00 233 - - 60.00 17.93 111.75 32.35 3.59 3.35 12.00 10.00 0.11

2015 50.00 232 12.00 12.00 60.00 27.13 129.80 35.96 5.43 2.21 18.00 15.00 0.15

2016 50.00 231 12.00 12.00 60.00 25.36 146.91 39.38 5.07 2.37 18.00 15.00 0.13

DWAL 2013 194.00 496 450.00 450.00 873.00 132.71 112.93 158.21 68.41 6.58 50.00 11.11 0.43

2008 2014 194.00 494 45.00 38.70 750.78 151.32 128.00 16.60 7.80 4.96 70.00 18.09 0.47

2015 203.70 494 38.00 38.00 774.06 51.09 135.39 16.65 2.51 15.15 15.00 3.95 0.15

2016 203.70 498 38.00 38.00 774.06 39.32 143.38 17.04 1.93 19.69 20.00 5.26 0.11

JMCL 2013 56.88 418 850.00 850.00 483.45 132.13 299.15 625.96 232.31 3.66 125.00 14.71 0.37

2008 2014 56.88 420 95.00 90.00 511.89 151.91 365.74 74.31 26.71 3.37 150.00 16.67 0.36

2015 56.88 416 78.00 71.00 403.82 212.52 569.19 110.07 37.36 1.90 200.00 28.17 0.34

2016 39.81 417 80.00 80.00 318.50 226.42 887.90 233.01 56.87 1.41 500.00 62.50 0.24

BIL 2013 200.00 4,395 162.00 162.00 324.00 44.12 89.20 144.60 22.06 7.34 10.00 6.17 0.15

2009 2014 200.00 4,370 19.50 13.20 390.00 47.09 116.29 15.81 2.35 8.28 9.42 4.83 0.15

2015 200.00 4,318 24.00 17.50 440.00 67.46 164.91 18.25 3.37 6.52 16.75 7.61 0.18

2016 200.00 4,294 27.00 21.00 540.00 98.73 229.80 21.49 4.94 5.47 27.00 10.00 0.23

DFAL 2013 289.78 459 300.00 300.00 869.33 67.11 71.91 124.82 23.16 12.95 20.00 6.67 0.19

2009 2014 289.78 457 28.00 25.00 811.37 102.48 116.44 14.02 3.54 7.92 30.00 10.71 0.25

2015 289.78 459 24.00 24.00 695.46 2.57 203.69 17.03 0.09 270.59 - - 0.01

2016 289.77 459 24.50 22.00 637.50 39.22 231.84 18.00 1.36 16.25 11.00 5.00 0.08

DPNBL 2013 449.39 22,378 297.00 297.00 1,334.70 97.54 218.56 148.63 21.70 13.68 7.00 2.36 0.15

2010 2014 449.71 22,253 30.00 20.00 966.88 99.56 286.66 16.37 2.21 9.71 8.00 3.72 0.14

2015 450.00 22,143 25.00 17.50 922.50 128.98 379.67 18.44 2.87 7.15 - - 0.16

2016 450.00 22,050 24.00 19.00 945.00 176.43 557.61 22.39 3.92 9.69 10.00 2.63 0.18

TBL 2013 300.00 7,955 150.00 150.00 450.00 18.87 74.08 124.69 6.29 23.85 - - 0.05

2011 2014 300.00 7,864 17.00 11.50 435.00 36.02 93.00 13.10 1.20 12.06 5.70 3.93 0.09

2015 300.00 7,756 17.00 13.00 390.00 36.75 112.66 13.76 1.23 10.61 5.70 4.38 0.09

2016 300.00 7,703 16.00 14.00 480.00 50.13 165.30 15.51 1.67 9.57 0.00 0.00 0.11

DPL 2013 82.72 14,833 240.00 230.00 198.54 -24.86 -44.10 46.69 -30.05 - - - -0.64

2013 2014 82.72 14,487 30.00 15.50 140.63 -28.35 -46.14 4.42 -3.43 - - - -0.78

2015 82.72 14,416 19.00 16.00 157.17 -5.27 -51.40 3.79 -0.64 - - - -0.17

2016 82.72 14,359 19.00 17.00 157.17 -19.82 -95.60 -1.56 -2.40 0.00 0.00 0.00 1.54

GBRL 2014 500.00 1230 12.00 10.00 600.00 -27.76 -28.85 9.42 -0.56 - - - -0.06

2014 2015 500.00 1,157 12.00 10.50 600.00 15.11 -14.25 9.71 0.30 - - - 0.03

2016 500.00 1,138 14.00 12.00 675.00 23.35 9.10 10.18 0.47 28.90 0.00 0.00 0.05

(*) BCCL - Bhutan Carbide and Chemicals Ltd.; RICB-Royal Insurance Corporation of Bhutan; PCAL-Penden Cement Authority Ltd.; BFAL-Bhutan Ferro Alloys Ltd.; BBPL-Bhutan Board Products Ltd.; BTCL-Bhutan Tourism Corporation Ltd.; BNBL-Bhutan

National Bank Ltd.; BPCL-Bhutan Polymers Company Ltd.; STCBL-State Trading Corporation of Bhutan Ltd.; DSCL-Druk Satair Corporation Ltd.; DPOP-Druk Plaster and Chemicals Ltd.; EBCC- S.D Eastern Bhutan Coal Company Ltd.;KCL-Kuensel Corporation

Ltd. DWAL-Druk Wang Alloys Ltd.; JMCL-Jigme Mining Corporation Ltd.; BIL-Bhutan Insurance Corporation Ltd.; DFAL-Druk Ferro Alloys Ltd.;DPNB-Druk PNB Bank Ltd.; TBL-T-Bank Ltd.; DPL-Dungsam Polymers Ltd.; GBRL - GIC Bhutan Re Limited

Source: Royal Securities Exchange of Bhutan. Formulae used : 1- Book Value = Capital + Reserves/ No. of Shares. 2-EPS = Net Profit/ No. of Shares. 3-PE = Market Price/ EPS. 4-Return on Capital = Net Profit/ (Equity + Reserves). 5-Dividend Yield = Dividend

per share X 100/ Market Price per share.

Continued

Reference

Year

No.of

shareholders

Market Price (Nu.) Dividend

(%)

ROYAL SECURITIES EXCHANGE OF BHUTAN Ltd., INFORMATION ON LISTED COMPANIES.

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2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 (r)

Revenue & Grants 37,819.12 36,231.05 42,039.30 42,673.13 52,113.17 40,743.07

Domestic Revenue 23,244.61 25,141.03 28,033.81 29,713.60 36,871.37 35,855.00

Tax 16,182.77 18,387.34 19,884.63 21,707.00 27,107.90 26,150.96

Non-tax 7,061.84 6,753.69 8,149.19 8,006.60 9,763.48 9,704.04

Other Receipts (Net) 338.16 1,135.00 -884.13 -27.23 394.73

Grants 14,236.35 9,955.02 14,889.61 12,986.75 14,847.07 4,888.07

GOI 10,684.43 6,593.76 10,721.70 9,882.57 11,200.83 2,117.52

Others 3,551.92 3,361.26 4,167.91 3,104.18 3,646.24 2,770.54

Program 1,749.69 2,125.00 2,340.02 2,125.00 1,700.00 150.00

GOI 1,625.00 2,125.00 1,275.00 2,125.00 1,700.00

Others 124.69 0.00 1,065.02 0.00 0.00 150.00

Project tied 12,486.66 7,830.02 12,549.60 10,861.75 13,147.07 4,738.07

GOI 9,059.43 4,468.76 9,446.70 7,757.57 9,500.83 2,117.52

Others 3,427.23 3,361.26 3,102.90 3,104.18 3,646.24 2,620.54

Outlay 33,522.83 34,334.26 43,603.00 48,017.99 52,658.67 39,847.47

Total expenditure 34,609.90 36,475.85 44,688.45 49,966.61 56,331.36 39,847.47

Current 17,941.15 21,032.04 22,880.59 24,129.59 27,494.71 29,075.17

Capital 16,668.75 15,443.80 21,807.86 25,837.02 28,836.65 10,772.30

Net Lending -1,331.99 -2,552.75 -1,885.33 -2,003.12 -2,077.88

Advances/Suspense (Net) 244.92 411.16 799.88 54.50 -1,594.81

Overall Balance 4,296.29 1,896.79 -1,563.70 -5,344.86 -545.50 895.60

Financing -4,296.29 -1,896.79 1,563.70 5,344.86 545.50 -895.60

Net Lending 1,539.97

Recovery 1,568.85

Lending 28.88

Net Borrowing -1,042.31 -1,086.41 -1,215.48 524.33 -102.02 -2,435.57

Borrowing 1,534.54 1,685.27 1,818.68 3,227.66 2,718.33 1,248.76

External 1,534.54 1,685.27 1,818.68 3,227.66 2,718.33 1,248.76

Internal 0.00 0.00 0.00 0.00 0.00

Repayment 2,576.86 2,771.68 3,034.16 2,703.34 2,820.36 3,684.34

External 2,401.55 2,596.37 2,850.33 2,694.14 2,810.48 2,016.09

Internal 175.30 175.30 183.83 9.19 9.87 1,668.25

Resource Gap 3,253.98 810.39 -2,779.19 -4,820.54 -647.53 -1,539.97

SUMMARY OF BUDGETARY OPERATIONS

Ngultrum in Million

ItemYear

Source- National Budget Report: 2019-20 and Annual Financial Statements: 2017-18, Ministry of Finance. Figures may not add due to rounding. (1) Includes:Net

Lending and Advance/Suspense (Net) (2) Financing transactions by definition must equal the budget deficit or surplus on revenue/grant/expenditure which they

finance. Negative financing transactions depicts net repayment of borrowings or increase in cash or bank balances. (3) Resource Gap.

Page 65: ROYAL MONETARY AUTHORITY OF BHUTAN Publication/MSB/2020/Monthly Statistic… · ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Note: We thank all those who have contributed

Received Accepted

R273 16-Jan-17 50 1,550.00 500.00 0.55

R274 7-Feb-17 28 2,400.00 1,000.00 0.18

R275 7-Feb-17 56 3,800.00 2,500.00 0.45

R276 7-Feb-17 85 2,800.00 2,500.00 0.77

R277 7-Mar-17 28 2,300.00 1,000.00 0.18

R278 7-Mar-17 57 1,800.00 1,500.00 0.46

R279 7-Mar-17 91 3,900.00 3,500.00 0.98

R280 4-Apr-17 29 1,200.00 1,000.00 0.19

R281 4-Apr-17 63 4,000.00 4,000.00 2.77

R282 3-May-17 188 6,230.00 3,000.00 2.40

R283 6-Jun-17 23 5,000.00 5,000.00 0.97

R284 29-Jun-17 29 7,250.00 7,000.00 0.44

R285 28-Jul-17 39 4,000.00 4,000.00 0.47

R286 28-Jul-17 67 3,000.00 3,000.00 1.47

R287 5-Sep-17 91 3,000.00 3,000.00 1.57

R288 3-Oct-17 91 4,000.00 4,000.00 1.53

R289 7-Nov-17 92 8,000.00 4,000.00 0.65

R290 5-Dec-17 91 6,300.00 4,000.00 1.63

R291 3-Jan-18 90 6,000.00 6,000.00 2.87

R292 6-Feb-18 91 6,300.00 4,800.00 2.84

R293 6-Mar-18 91 6,000.00 4,000.00 2.57

R294 3-Apr-18 86 6,600.00 6,000.00 3.11

R295 8-May-18 28 1,000.00 1,000.00 1.46

R296 5-Jun-18 63 4,450.00 2,000.00 2.19

R297 28-Jun-18 40 3,200.00 3,000.00 2.18

R298 28-Jun-18 68 5,300.00 3,000.00 3.18

R299 7-Aug-18 55 5,800.00 2,000.00 1.67

R300 4-Sep-18 63 9,300.00 5,500.00 2.84

R301 2-Oct-18 63 4,950.00 4,000.00 1.97

R302 6-Nov-18 64 7,000.00 4,500.00 1.67

R303 4-Dec-18 64 5,500.00 4,500.00 2.71

R304 8-Jan-19 56 5,100.00 5,100.00 3.49

R305 7-Feb-19 54 2,700.00 2,700.00 4.30

R306 5-Mar-19 63 4,500.00 4,500.00 4.03

R307 2-Apr-19 63 4,499.00 2,950.00 4.13

R308 7-May-19 51 6,050.00 5,650.00 4.29

R309 4-Jun-19 63 1,700.00 1,200.00 4.23

R310 27-Jun-19 40 4,200.00 3,000.00 4.29

R311 6-Aug-19 28 4,000.00 4,000.00 4.29

R312 3-Sep-19 42 3,300.00 3,300.00 4.31

R313 15-Oct-19 21 2,500.00 2,500.00 4.22

R314 5-Nov-19 28 3,300.00 3,300.00 4.03

R315 3-Dec-19 35 5,300.00 3,700.00 3.29

R316 7-Jan-20 28 700.00 300.00 2.00

R317 4-Feb-20 28 5,600.00 4,000.00 2.97

R318 3-Mar-20 35 3,600.00 2,900.00 2.97

R317 4-Feb-20 28 5,600.00 4,000.00 2.97

R318 3-Mar-20 35 3,600.00 2,900.00 2.97

R319 7-Apr-20 28 5,000.00 4,000.00 3.93

R320 5-May-20 28 5,000.00 4,000.00 4.10

R321 2-Jun-20 22 1,500.00 500.00 1.31

R322 24-Jun-20 41 4,600.00 1,600.00 2.83

R323 4-Aug-20 35 3,430.00 2,000.00 1.62

R324 27-Aug-20 90 5,100.00 3,000.00 1.45

Note: The discount rates are a weighted average

AUCTIONS/TAP SALES OF RMA BILLS*/ GOVERNMENT TREASURY BILLS

Auction/Tap

Sale No.

Auction/Tap Sale

date

Maturity (Number

of Days)

Bids (Nu.in Million) Discount Rate

(%)

N.B: *The issuance of RMA Bills has been discontinued w.e.f. December 14, 2009 and has been replaced by the issuance of Govt.

Treasury Bills thereafter.