On the 2nd, Bhutan's Special Administrative Zone, Gelephu Mindfulness City (GMC), announced that King Jigme Khesar Namgyel Wangchuck had signed a royal decree. This decree grants the Gelephu Financial Services Office (GFSO), the zone's financial regulatory authority, the powers of a central bank. The GFSO will transition into an autonomous entity known as the Gelephu Central Bank.
According to the state broadcaster BBS, the same...