nepali.nationalist
Chief Minister (5k+ posts)
India's Border areas thrive on Bhutanese currency
Bijay Sankar Bora
Tribune News Service
Guwahati, November 19
Even as the people in North-East are facing cash crunch following the demonetisation of Rs 500 and Rs 1000 notes, a small trading centre at remote Dadgiri close to the India-Bhutan border in Baksa district of Assam has remained hardly affected.It has become possible because traders and people in the area are using the Bhutanese currency, whose value is same as of the rupee.
The far-flung areas neither have an ATM nor a bank branch within the 60-65 km radius. The border market at Dadgiri is the sole trading point for the people living in border areas.Meanwhile, a police source in Baksa district said the police had set up check points close to the India-Bhutan border in the district so that demonetised Indian currency could not be smuggled into Bhutan by unscrupulous elements.
The Federation of Industry and Commerce of the Northeastern Region (FINER), a leading trade and commerce body of the region, has claimed at least 25 per cent loss in trading across the hilly states post-demonetisation. It has appealed to the Central and state governments to facilitate the expansion of banking infrastructure in the region so that the economy of the area does not suffer.
http://www.tribuneindia.com/news/nation/border-areas-thrive-on-bhutanese-currency/325752.html
Bijay Sankar Bora
Tribune News Service
Guwahati, November 19
Even as the people in North-East are facing cash crunch following the demonetisation of Rs 500 and Rs 1000 notes, a small trading centre at remote Dadgiri close to the India-Bhutan border in Baksa district of Assam has remained hardly affected.It has become possible because traders and people in the area are using the Bhutanese currency, whose value is same as of the rupee.
The far-flung areas neither have an ATM nor a bank branch within the 60-65 km radius. The border market at Dadgiri is the sole trading point for the people living in border areas.Meanwhile, a police source in Baksa district said the police had set up check points close to the India-Bhutan border in the district so that demonetised Indian currency could not be smuggled into Bhutan by unscrupulous elements.
The Federation of Industry and Commerce of the Northeastern Region (FINER), a leading trade and commerce body of the region, has claimed at least 25 per cent loss in trading across the hilly states post-demonetisation. It has appealed to the Central and state governments to facilitate the expansion of banking infrastructure in the region so that the economy of the area does not suffer.
http://www.tribuneindia.com/news/nation/border-areas-thrive-on-bhutanese-currency/325752.html
