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Bhutanese ngultrum
དངུལ་ཀྲམ (Dzongkha)
 |
 |
| Obverse of Nu.50 |
1 ngultrum |
|
| ISO 4217 Code |
BTN |
| User(s) |
Bhutan |
| Inflation |
3% |
| Source |
The World Factbook, 2002 est. |
| Pegged with |
Indian rupee at par |
| Subunit |
|
| 1/100 |
chhertum (chetrum) |
| Symbol |
Nu. |
| chhertum (chetrum) |
Ch. |
| Coins |
|
| Freq. used |
Ch.20, Ch.25, Ch.50, Nu.1. |
| Rarely used |
Ch.5, Ch.10 |
| Banknotes |
|
| Freq. used |
Nu.5, Nu.10, Nu.20, Nu.50, Nu.100, Nu.500 |
| Rarely used |
Nu.1, Nu.2 |
| Monetary authority |
Royal Monetary Authority of Bhutan |
| Website |
www.rma.org.bt |
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.
- 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
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|
Bhutanes 20 chetrums, 25 chhertum, 50 chhertum and 1 ngultrum
|
[edit] Banknotes
- 5 ngultrum
- 10 ngultrum
- 20 ngultrum
- 50 ngultrum
- 100 ngultrum
- 500 ngultrum
Current BTN exchange rates
[edit] External links
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