Bhutan Currency

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The ngultrum (Nu.) is the official currency of the Kingdom of Bhutan. Its name can be literally translated as ‘silver’ for “ngul” and ‘coin’ for “trum.” Here are some key details about the Bhutanese ngultrum:

  1. Subdivisions:

    • The ngultrum is subdivided into 100 chhertum (Dzongkha: ཕྱེད་ཏམ), which were spelled as “chetrums” on coins until 1979.

  2. Pegged to the Indian Rupee:

    • Since 1974, the ngultrum has been pegged at par with the Indian rupee (INR). This means that 1 ngultrum is equivalent to 1 Indian rupee.

  3. History:

    • Before 1789, coins from the Cooch Behar mint circulated in Bhutan.
    • Bhutan began issuing its own coins called chetrum, primarily in silver rupees.
    • Decimalization occurred in 1957, introducing coins denominated in naya paisa.
    • In 1974, the ngultrum was officially introduced, with 100 chhetrum equal to 1 ngultrum.
    • The term “ngultrum” combines Dzongkha words: “ngul” (silver) and “trum” (money).

  4. Banknotes and Coins:

    • The Royal Monetary Authority of Bhutan (RMA) is responsible for minting ngultrum banknotes and coins.
    • Banknotes were first issued in 1974 in denominations of Nu.1, Nu.5, Nu.10, and Nu.100.
    • Coins have included denominations like Ch.5, Ch.10, Ch.20, Ch.25, Ch.50, Nu.1, and Nu.3.

  5. Economic Role:

    • The ngultrum plays a crucial role in facilitating domestic transactions and maintaining economic stability in Bhutan.
    • Remember, the ngultrum symbol is Nu., and it remains an essential part of Bhutan’s identity and economy. If you have any more questions, feel free to ask! 😊

Bhutanese Ngultrum : Bhutanese ngultrum - Wikipedia : The Bhutanese Ngultrum (BTN): Definition, Economic Impact … - SuperMoney : Bhutanese Ngultrum (Btn): Meaning, Economy - Investopedia




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