AGP Executive Report
Last update: 4 hours agoDigital Finance: Bhutan’s King has approved full central banking powers for Gelephu Mindfulness City’s financial office, including authority to invest reserves in cryptocurrencies and develop payment systems. The decree also opens a path to a city currency, potentially digital, while the Royal Monetary Authority remains Bhutan’s national central bank. Flood Risk: The October 29 outburst from Shintaphu Lake in Gasa damaged roads, bridges and the Gasa Tsachu hot springs, and disrupted hydropower and access to communities. Debris blocked a downstream channel, forming a temporary lake and raising fears of another flood; no casualties were reported. Mountain Climate: Bhutan and Nepal are urging COP31 to add a dedicated agenda on 1.5°C warming in mountain regions, highlighting threats to glaciers, water security and communities across the Hindu Kush Himalaya.
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