The country’s foreign reserve stood at USD 1.19bn as of July this year. Bhutan’s total foreign reserves dropped by around USD 31 M between June and July. The decline comes amid continued pressure on the country’s foreign exchange position, with higher import costs being one of the key factors. Finance Minister Lekey Dorji said, “When we import fuel and pay for it, the price is much higher. With USD 1.19bn in foreign reserves, Bhutan currently holds more than twice the critical threshold reserve requirement.