The recent Rupee Crisis in Bhutan has left many Bhutanese
worried. The government’s ban and restriction on the rupee was very sudden and
hit the Bhutanese market bad. People now started looking for an alternate
source to earn rupees. In such times, some bad guys took advantage of the situation;
Royal Monetary Authority should not have made it like INR 10,000 for anyone
holding Bhutanese citizenship identity card. This has lead to thriving black
market. Some people waited all day in Bank of Bhutan to get their share of Rs.
10,000 they did not need only to be sold to the next person at Nu. 10,200/- or more.
Personally I am very worried. For now I have no use of
Indian currency but I have a brother who’s going to college in India soon. What
then? I started worrying. The rupee crunch situation is giving me sleepless
nights too. I can’t ask my brother to email me an invoice for every item he
purchased. Similarly, many people are worried like me. However, the better side
to this crisis is perhaps it’s time for us Bhutanese to wake up to the alarm
and review the situation. It has happened because we are heavily dependent on
the Indian government. Why buy vegetables from India when we grow vegetables
ourselves? Farmers in my village have acres of barren wetland because the cost
of cultivation is much higher than its produce. Bhutanese vegetables fetch no
money because Bhutanese people prefer to buy chemically-preserved fresh
vegetables imported from India. Some say Bhutanese potatoes are exported to
India at say Nu. 10/- per kg, the same potatoes are preserved in India with
chemicals in a huge storage reserves in Falakata. And the very same potatoes
are sold back to Bhutan in winter season at Nu. 15 per kg. Now the question is
why buy back our potatoes at Nu. 5 a kilogram loss? What we need is storage
facility, we have our own potatoes.
We are self reliant if we encourage our Bhutanese farmers to
grow our own food. Why not build storage
house in every region/district and buy vegetables from our farmers and sell to
the civil servants, corporate and private employees. If the rates are fixed and
subsidized price I don’t think anything will be costly. If we utilize our
barren land and put ban to Indian vegetables not only will Bhutan be
self-reliant but rural-urban migration would reduce too with our farmers
sticking to their base.
Being a bank employee with all loans suspended, I’m scared
about my future. Though recession or downsizing has not really happened to
Bhutan yet but we should always remain prepare for the worst. Perhaps it’s time
to mull over an alternate source of bread earning.
Let us all take a small step toward self-reliance. Let us
not import non-essentional items from outside. Let us buy vegetables from
Bhutanese farmers and let us not purchase a posh car only to be bumped by other
reckless drivers. Let us not give back the Indian currency given to us as grant
by the Indian government.