Bhutanese ngultrum

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Bhutanese ngultrum
Ngultrumdzong.svg  (Dzongkha)
1ngultrum.jpg
1 ngultrum
ISO 4217 codeBTN
Monetary authorityRoyal Monetary Authority of Bhutan
 Websitewww.rma.org.bt
User(s) Bhutan (alongside Indian rupee)
Inflation8.3%
 SourceThe World Factbook, 2012 est.
Pegged withIndian rupee at par
Subunit
 1/100chhertum (chetrum)
SymbolNu.
 chhertum (chetrum)Ch.
Coins
 Freq. usedCh.20, Ch.25, Ch.50, Nu.1.
 Rarely usedCh.5, Ch.10
BanknotesNu.1, Nu.5, Nu.10, Nu.20, Nu.50, Nu.100, Nu.500, Nu.1000[1][2]
 
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Bhutanese ngultrum
Ngultrumdzong.svg  (Dzongkha)
1ngultrum.jpg
1 ngultrum
ISO 4217 codeBTN
Monetary authorityRoyal Monetary Authority of Bhutan
 Websitewww.rma.org.bt
User(s) Bhutan (alongside Indian rupee)
Inflation8.3%
 SourceThe World Factbook, 2012 est.
Pegged withIndian rupee at par
Subunit
 1/100chhertum (chetrum)
SymbolNu.
 chhertum (chetrum)Ch.
Coins
 Freq. usedCh.20, Ch.25, Ch.50, Nu.1.
 Rarely usedCh.5, Ch.10
BanknotesNu.1, Nu.5, Nu.10, Nu.20, Nu.50, Nu.100, Nu.500, Nu.1000[1][2]

The ngultrum (ISO 4217 code BTN) (Dzongkha: དངུལ་ཀྲམ) has been the currency of Bhutan since 1974. It is subdivided into 100 chhertum (called chetrums on coins until 1979).

History[edit]

In 1974, the ngultrum was introduced, replacing the rupee at par. The ngultrum is equal in value to the Indian rupee.

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 nations' currencies but is interchangeable with the Indian rupee.

Coins[edit]

In 1974, aluminium 5 and 10 chetrums, aluminium-bronze 20 chhertums and cupro-nickel 25 chetrums and 1 ngultrum were introduced. The 5 chhertum was square and the 10 chhertum was scallop-shaped. A new coinage was introduced in 1979, consisting of bronze 5 and 10 chhertum, and cupro-nickel 25 and 50 chhertum and 1 ngultrum. Aluminium-bronze 25 chhertum were also issued dated 1979. The 5 and 10 chhertum have largely ceased circulating.

Banknotes[edit]

On June 2, 1974,[3] 1, 5 and 10 ngultrum notes were introduced by the Royal Government of Bhutan, followed by 2, 20, 50, and 100 ngultrums in 1978.[3] On August 4, 1982, the Royal Monetary Authority of Bhutan Act was enacted, although the RMA didn't began actual operations until November 1, 1983, and did not issue its own family of notes until 1986.[3] In 2006, the Monetary Authority introduced its latest series of notes, with denominations of 1, 5, 10, 20, 50, 100, 500, and 1000 ngultrum.

Previous series [2][dead link]
ImageValueDimensionsMain ColourDescription
ObverseReverseObverseReverseWatermark
Bhutan 1 Ngultrum.JPGBhutan 1 Ngultrum back 50 percent.JPGNu.1114 x 62 mmBlueThe Government crest, two dragonsSimtokha Dzong"Royal Monetary Authority" in top and bottom margin
Ngultrum1.jpgBhutan 5 Ngultrum back.JPGNu.5130 × 62 mmOrangeThe Government crest, two mythical bird (Bja Tshering) (the bird of long life)Paro Rinpung Dzong
10 Ngultrum Vorderseite.jpg10 Ngultrum Rückseite.jpgNu.10140 × 70 mmPurpleThe Government crest, Dungkar (conch) (one of the eight lucky signs), Jigme Singye Wangchuck
20 Ngultrum Vorderseite.jpg20 Ngultrum Rückseite.jpgNu.20152 × 70 mmYellow-greenThe Government crest, Khorlo (Wheel of Dharma, one of the eight auspicious signs), Jigme Dorji WangchuckPunakha Dzong
50 Ngultrum Vorderseite.jpg50 Ngultrum Rückseite.jpgNu.50155 × 70 mmPinkTrongsa Dzong, two mythical birds Bja Tshering (bird of long life)
100 Ngultrum Vorderseite.jpg100 Ngultrum Rückseite.jpgNu.100161 × 70 mmGreenNorbu Rimpochhe (one of the seven auspicious gems), Jigme Singye WangchuckTashichho DzongCrossed Dorji (Dorji jardrum)
Nu.500160 × 70 mmRedNorbu Rimpochhe encircled by two Dragons (one of the seven auspicious gems), Ugyen WangchuckPunakha Dzong
2006 and 2008 Series
ImageValueDimensionsMain ColorDescriptionDate of issueDate of first issueWatermark
ObverseReverse
[3]1 ngultrum120 x 60 mmBlue, red and greenDragonsSimtokha Dzong2006
2013
November 20, 2006None
[4]5 ngultrum125 x 60 mmYellow, brown and redBirdsTaktsang2006
2011
November 20, 2006None
[5]10 ngultrum125 x 65 mmDark green and yellowJigme Singye Wangchuck; Dungkar (conch), one of the eight good luck symbolsParo Rinpung Dzong2006
2013
2007Jigme Singye Wangchuck
[6]20 ngultrum130 x 65 mmYellow and greenJigme Khesar Namgyel WangchuckPunakha Dzong2006November 20, 2006Jigme Khesar Namgyel Wangchuck
[7]50 ngultrum145 x 70 mmPink, orange and greenJigme Khesar Namgyel WangchuckTrongsa Dzong2008November 6, 2008Jigme Khesar Namgyel Wangchuck
[8]100 ngultrum145 x 70 mmGreenJigme Singye Wangchuck; Norbu Rimpochhe, one of the seven auspicious gemsTashichho Dzong, dragons in upper corners2006
2011
2007Jigme Singye Wangchuck
[9]500 ngultrum155 x 70 mmPink, orange and greenUgyen Wangchuck with the Raven CrownPunakha Dzong2006
2011
November 20, 2006Jigme Singye Wangchuk
[10]1000 ngultrum165 x 70 mmYellow, red and goldJigme Khesar Namgyel Wangchuck with the Raven CrownTashichho Dzong2008November 6, 2008Jigme Khesar Namgyel Wangchuck
Commemorative notes
ImageValueDimensionsMain ColorDescriptionDate of issueDate of first issueWatermark
ObverseReverse
[11]100 ngultrum145 x 70 mmOrange, brown and redMythical angel carrying the Raven Crown; national emblem; royal wedding logo consisting of khorlo (wheel) signifying royalty, circles with dhar (ceremonial scarf) signifying eternal union of thap (method) and sherab (wisdom), and the dham tshig tsangma and lotus, symbolizing purity of union; Jigme Khesar Namgyel Wangchuck and Queen Jetsun PemaPunakha Dzong (aka Pungtang Dechen Photrang Dzong, meaning “the palace of great happiness or bliss”)2011October 13, 2011None
Current BTN exchange rates
From Google Finance:AUD CAD CHF EUR GBP HKD JPY USD
From Yahoo! Finance:AUD CAD CHF EUR GBP HKD JPY USD
From XE.com:AUD CAD CHF EUR GBP HKD JPY USD
From OANDA.com:AUD CAD CHF EUR GBP HKD JPY USD
From fxtop.com:AUD CAD CHF EUR GBP HKD JPY USD

See also[edit]

References[edit]

  1. ^ [1] Accessed 2008-11-13
  2. ^ Bhutan issues new 50- and 1,000-ngultrum notes BanknoteNews.com. Retrieved 2011-10-15.
  3. ^ a b c Linzmayer, Owen (2011). "Bhutan". The Banknote Book. San Francisco, CA: BanknoteNews.com. Retrieved 2011-08-21. 

External links[edit]