BHUTANESE NGULTRUM

The 'ngultrum' (ISO 4217 code ''BTN'') has been the currency of Bhutan since 1974. It is subdivided into 100 chhertum (called chetrums on coins until 1979). In Dzongkha, it is written as དངུལ་ཀྲམ. The ngultrum replaced the rupee at par.
The ngultrum is equal in value to the Indian rupee. As of January 7, 2005, there are 43.8400 ngultrums to the US dollar or 57.2443 to the euro.
India was key in assisting the Bhutanese government as it developed its economy in the early 1960s. When the ngultrum was introduced, it retained the peg to the Indian rupee which the Bhutanese rupee had maintained. The ngultrum does not exchange independently with other nation's currencies but is interchangeable with the Indian rupee.

Contents

Coins

Banknotes

2006 series

See also

Reference

External links

Coins

★ 5 chetrums, 1974-1975 (discontinued)

★ 5 chhetrum, 1979 (discontinued)

★ 10 chetrums, 1974-1975 (discontinued)

★ 10 chhetrum, 1979 (discontinued)

★ 20 chetrums, 1974

★ 25 chetrums, 1974-1975

★ 25 chhetrum, 1979

★ 50 chhetrum, 1979

★ 1 ngultrum, 1974-1979

Bhutanese 1 paisa

Bhutanes 20 chetrums, 25 chhertum, 50 chhertum and 1 ngultrum

Banknotes

Previous series [1]
Value	Dimensions	Main Colour	Description
			Obverse	Reverse	Watermark
Nu.5	130 × 62 mm	Orange	The Government crest, two mythical bird (Bja Tshering) (the bird of long life)	Paro Rinpung Dzong	"Royal Monetary Authority" in top and bottom margin
Nu.10	140 × 70 mm	Purple	The Governmen crest, Dungkar (conch) (one of the eight lucky signs), Jigme Singye Wangchuck
Nu.20	152 × 70 mm	Yellow-green	The Government crest, Khorlo (Wheel of Dharma , one of the eight auspicious signs), Jigme Dorji Wangchuck	Punakha Dzong
Nu.50	155 × 70 mm	Pink		Trongsa Dzong, two mythical bird Bja Tshering (bird of long life)
Nu.100	161 × 70 mm	Green	Norbu Rimpochhe (one of the seven auspicious gems), Jigme Singye Wangchuck	Tashichho Dzong	Crossed Dorji (Dorji jardrum)
Nu.500	160 × 70 mm	Red	Norbu Rimpochhe incircled by two Dragons (one of the seven auspicious gems), Ugyen Wangchuck	Punakha Dzong

2006 series

Beginning from late 2006, the Monetary Authority have been issued a new series of banknotes, and includes a 1 ngultrum banknote. ^[1]

See also

★ Economy of Bhutan

Reference

1. http://www.nachthund.biz/CatalogUpdate/Bhutan/BhutanIndex.html Accessed 2007-03-07

External links

★ worldpapermoney.org - Banknotes of Bhutan image gallery

★ Analysis of Pegged Exchange Rate Between Bhutan and India