Best ways to make a money transfer? You can transfer your money by using plenty of ways. But the best way for money transfer is sendmoney24.com. This website helps people to transfer their money in any bank account or any bank card(visa or MasterCard) of Bhutan. They also charges very little amount on per transfer. And they can send your money to any location of Bhutan.
2) You can also transfer your money by using Western Union or MoneyGram. These two websites also do huge amount of foreign currency transfer daily.
Types of options to send money-
1) PayPal.com is the one way for money transfer in Bhutan. All over the world, most of people use PayPal.com for withdrawing and transfer money.
2) Second option is most interesting, Indian currency is also legal tender in Bhutan. Although, this thing makes easier to transfer money in Bhutan.
Restrictions on receiving money-
There is no restrictions on receiving money. With the help of ID proof, you can easily withdraw your money.
Restrictions on sending money
There is not any major restrictions on sending money. But you need a local alternative payment methods available in your country.
Process to send money
You simply need to go on the any money transfer website( just like a sendmoney24.com). Submit your amount and your currency. And also tries to give your legal information and simply wait for 1 hour, you will get your money in your liked currency.
Brief economic trend-
Bhutan economy is based on agriculture and forestry which provides it 60% livelihood. Bhutan GDP is $2.085 billion on basic of 2015. And Bhutan exports it 82% goods to India. It is most smaller and developed country.
Central Bank Of Bhutan and Bank Of Bhutan
What currency is used in Bhutan? The currency that is in use in Bhutan is the Nglutrum (NU) and this has the exact same monetary value as the Indian rupee. Interestingly, the Indian rupee is also legal tender in Bhutan although it is often easier to transfer money to Bhutan in the Nglutrum.
Other currencies that can be exchanged in Bhutan
Maybe you do not want to send the Nglutrum to your recipient in Bhutan. If this is the case you might want to forward travellers cheques as these can be easily cashed in a range of foreign currencies. These include US Dollars, the Euro, Hong Kong Dollars, Pounds Sterling, and Japanese Yen, Swiss francs as well as some other currencies. Sending travellers cheques can be a good way to get money to someone in Bhutan, but it is not without its problems, which stem from the changing exchange rate. Transferring money allows you to take advantage of the latest currency rate Bhutan offers by transferring when the rate is generous.
No personal cheques in Bhutan?
You might want to pay for goods on behalf of someone in Bhutan. If this is the case you should not send a personal cheque to cover the amount as these are not accepted. Instead arrange for a currency transfer to Bhutan and things will go smoothly.