Bhutanese Ngultrum - wikipedia Bhutanese Ngultrum Bhutanese ngultrum ISO 4217 Code BTN Denominations Subunit 1 / 100 chhertum Symbol Nu. chhertum Ch. Banknotes Nu. 1, Nu. 5, Nu. 10, Nu. 20, Nu. 50, Nu. 100, Nu. 500, Nu. 1000 Coins Freq. used Ch. 20, Ch. 25, Ch. 50, Nu. 1. Rarely used Ch. 5, Ch. 10 Demographics User ( s ) Bhutan ( alongside Indian Rupee ) Issuance Monetary authority Royal Monetary Authority of Bhutan Website www.rma.org.bt Valuation Inflation 5.2 % Source Royal Monetary Authority of Bhutan, 2015 est. Pegged with Indian rupee at par This article contains Tibetan script. Without proper rendering support, you may see very small fonts, misplaced vowels or missing conjuncts instead of Tibetan characters. The ngultrum ( Dzongkha : དངུལ ་ ཀྲམ ( ŋul'tram ), symbol : Nu., code : BTN ) is the currency of the Kingdom of Bhutan. It is subdivided into 100 chhertum ( Dzongkha : ཕྱེད ་ ཏམ ( tʃet'tam ), spelled as chetrums on coins until 1979 ). The Royal Monetary Authority of Bhutan is the minting authority of the Ngultrum banknotes and coins. The Ngultrum is currently pegged to the Indian rupee at parity. Contents 1 History 2 Coins 3 Banknotes 3.1 Previous series 3.2 Present series 3.3 Commemorative notes 4 Exchange rate 5 See also 6 References 7 External links History Until 1789, the coins of the Cooch Behar mint circulated in Bhutan. Following this, Bhutan began issuing its own coins known as chetrum, mostly silver 1⁄2 rupees. Hammered silver and copper coins were the only types issued until 1929, when modern style silver 1⁄2 rupee coins were introduced, followed by bronze 1 paisa in 1931 ( dated 1928 ). Nickel 1⁄2 rupee coins were introduced in 1950. While the Cooch Behar mint coins circulated alongside Bhutan 's own coins, decimalization was introduced in 1957, when Bhutan 's first issue of coins denominated in naya paisa. The 1966 issues were 25 naya paisa, 50 naya paisa and 1 rupee coins, struck in cupro - nickel. While the Bhutanese government developed its economy in the early 1960s, monetization in 1968 led to the establishment of the Bank of Bhutan. As monetary reforms took place in 1974, the Ngultrum was officially introduced as 100 Chhetrum equal to 1 Ngultrum. The Ngultrum retained the peg to the Indian rupee at par, which the Bhutanese coins had maintained. The Ministry of Finance issued the first banknotes in 1974 denominated Nu. 1, Nu. 5, Nu, 10 and Nu. 100. This followed by the establishment of the Royal Monetary Authority of Bhutan as the central bank of Bhutan in 1982, which took over the authority to issue banknotes in 1983, replacing the authority of the Ministry of Finance. Coins In 1974, aluminium Ch. 5 and Ch. 10, aluminium - bronze Ch. 20 and cupro - nickel Ch. 25 and Nu. 1 were introduced. The Ch. 5 was square and the Ch. 10 was scallop - shaped. A new coinage was introduced in 1979, consisting of bronze Ch. 5 and Ch. 10, and cupro - nickel Ch. 25 and Ch. 50 and Nu. 1 and Nu. 3. Aluminium - bronze Ch. 25 were also issued dated 1979. The Ch. 5 and Ch. 10 have largely ceased circulating. Currently coins are available in denominations of Ch. 20, Ch. 25, Ch. 50 and Nu. 1. Image Value Technical parameters Description Date of Diameter Thickness Weight Edge Obverse Reverse issue withdrawal Ch. 20 22.00 mm 1.8 mm 4.5 g Reeded Man working in field. Lettering : ཀུན ་ ལ ་ བཟའ ་ བདུང FOOD FOR ALL Lesser Version of Coat of Arms Lettering : འབྲུག BHUTAN CHETRUMS 20 ཕྱེད ་ ཏམ Current Ch. 25 22.20 mm 1.8 mm 4.6 g Reeded Golden fishes of good fortune. Lettering : ROYAL GOVERNMENT OF BHUTAN Dorje ( a double diamond - thunderbolt ) is a part of Coat of Arms and represents the harmony between secular and religious power Lettering : ཕྱེད ་ ཏམ ་ ཉརེ ་ འྔ TWENTY FIVE CHHERTUM 1979 Current Ch. 50 25.85 mm 1.8 mm 6.9 g Reeded Treasure vase ( One of the 8 Revered Buddhist Symbol ). Lettering : ROYAL GOVERNMENT OF BHUTAN Eight Various Revered Buddhist Symbols & in the center is the word འབྲུག ( BHUTAN ) Lettering : ཕྱེད ་ ཏམ ་ ལྔབ FIFTY CHHERTUM. 1979 Current Nu. 1 27.95 mm 1.7 mm 8.2 g Reeded Coat of Arms within circle, date below Elaborate designed Wheel of Dharma on a Lotus. Lettering : ROYAL GOVERNMENT OF BHUTAN Coin divided into nine sections within circle, each has symbol, denomination below Eight Various Revered Buddhist Symbols & in the center is the word འབྲུག Lettering : དངུལ ་ ཀྲམ ་ གནྑག ONE NGULTRUM 1979 Current Banknotes Previous series On June 2, 1974, Nu. 1, Nu. 5 and Nu. 10 notes were introduced by the Royal Government of Bhutan, followed by Nu. 2, Nu. 20, Nu. 50, and Nu. 100 in 1978. On August 4, 1982, the Royal Monetary Authority of Bhutan Act was enacted, although the RMA did n't began actual operations until November 1, 1983, and did not issue its own family of notes until 1986. Previous series ( 2 ) Image Value Dimensions Main Colour Description Obverse Reverse Obverse Reverse Watermark Nu. 1 114 x 62 mm Blue The Government crest, two dragons Simtokha Dzong `` Royal Monetary Authority '' in top and bottom margin Nu. 5 130 × 62 mm Orange The Government crest, two mythical bird ( Bja Tshering ) ( the bird of long life ) Paro Rinpung Dzong Nu. 10 140 × 70 mm Purple The Government 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 birds 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 encircled by two Dragons ( one of the seven auspicious gems ), Ugyen Wangchuck Punakha Dzong For table standards, see the banknote specification table. Present series In 2006, the Monetary Authority introduced its latest series of notes, with denominations of Nu. 1, Nu. 5, Nu. 10, Nu. 20, Nu. 50, Nu. 100, Nu. 500, and Nu. 1000. These notes use a hybrid substrate. 2006 - present Series Image Value Dimensions Main Color Description Date of issue Date of first issue Watermark Obverse Reverse Obverse Reverse Nu. 1 120 x 60 mm Blue, red and green Dragons Simtokha Dzong 2006 2013 November 20, 2006 None Nu. 5 125 x 60 mm Yellow, brown and red Birds Taktsang 2006 2011 November 20, 2006 None Nu. 10 125 x 65 mm Dark green and yellow Jigme Singye Wangchuck ; Dungkar ( conch ), one of the eight good luck symbols Paro Rinpung Dzong 2006 2013 2007 Jigme Singye Wangchuck Nu. 20 130 x 65 mm Yellow and green Jigme Khesar Namgyel Wangchuck Punakha Dzong 2006 November 20, 2006 Jigme Khesar Namgyel Wangchuck Nu. 50 145 x 70 mm Pink, orange and green Jigme Khesar Namgyel Wangchuck Trongsa Dzong 2008 November 6, 2008 Jigme Khesar Namgyel Wangchuck Nu. 100 145 x 70 mm Green Jigme Singye Wangchuck ; Norbu Rimpochhe, one of the seven auspicious gems Tashichho Dzong, dragons in upper corners 2006 2011 2007 Jigme Singye Wangchuck Nu. 500 155 x 70 mm Pink, orange and green Ugyen Wangchuck with the Raven Crown Punakha Dzong 2006 2011 November 20, 2006 Jigme Singye Wangchuk Nu. 1000 165 x 70 mm Yellow, red and gold Jigme Khesar Namgyel Wangchuck with the Raven Crown Tashichho Dzong 2008 November 6, 2008 Jigme Khesar Namgyel Wangchuck For table standards, see the banknote specification table. Commemorative notes Commemorative notes Image Value Dimensions Main Color Description Date of issue Date of first issue Watermark Obverse Reverse Nu. 100 145 x 70 mm Orange, brown and red Mythical 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 Pema Punakha Dzong ( aka Pungtang Dechen Photrang Dzong, meaning `` the palace of great happiness or bliss '' ) 2011 October 13, 2011 None Nu. 100 146 x 70 mm Yellow, gold, blue, and red King Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema ; Jigme Namgyel Wangchuck Mountains ; dragon February 5, 2016 2017 Jigme Singye Wangchuck with electrotype swirl For table standards, see the banknote specification table. 1 us dollar = 65 Nu. Exchange rate 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 : AUD CAD CHF EUR GBP HKD JPY USD From OANDA : AUD CAD CHF EUR GBP HKD JPY USD From fxtop.com : AUD CAD CHF EUR GBP HKD JPY USD See also Royal Monetary Authority of Bhutan Economy of Bhutan References Jump up ^ ( 1 ), accessed 2008 - 11 - 13 Jump up ^ Bhutan issues new 50 - and 1,000 - ngultrum notes BanknoteNews.com. Retrieved 2011 - 10 - 15. Jump up ^ `` Currency Information : Bhutanese Rupee ''. ExchangeRate.com. Retrieved 29 September 2016. This article contains quotations from this source, which is available under a Creative Commons Attribution - Sharealike 3.0 Unported License. Jump up ^ Royal Monetary Authority of Bhutan - History Jump up ^ `` Royal Monetary Authority Act of Bhutan 1982 '' ( PDF ). Government of Bhutan. 1982. Retrieved 2010 - 10 - 08. ^ Jump up to : Linzmayer, Owen ( 2011 ). `` Bhutan ''. The Banknote Book. San Francisco, CA : BanknoteNews.com. Retrieved 2011 - 08 - 21. Jump up ^ http://www.banknotenews.com/files/tag-bhutan.php Krause, Chester L. ; Clifford Mishler ( 1991 ). Standard Catalog of World Coins : 1801 -- 1991 ( 18th ed. ). Krause Publications. ISBN 0873411501. Panish, Charles K : `` Early Coinage of Bhutan ''. The American Numismatic Society, Museum Notes 17, New York 1971, p. 247 - 254 and plates XLVII - XLVIII. Rhodes, Nicholas : The Coinage of Bhutan. Oriental Numismatic Society, Information Sheet no 16, January 1977. Rhodes, Nicholas : `` Coinage in Bhutan ''. Journal of Bhutan Studies... The Centre of Bhutan Studies, vol. 1, no. 1, Thimphu, Autumn, 1999, p. 84 - 113. Rhodes, Nicholas : `` The Monetisation of Bhutan ''. Journal of Bhutan Studies... The Centre of Bhutan Studies, vol. 2, no. 1, Thimphu, Winter 2000, p. 85 - 103. Krause, Chester L. ; Clifford Mishler ( 1991 ). Standard Catalog of World Coins : 1801 -- 1991 ( 18th ed. ). Krause Publications. ISBN 0873411501. Pick, Albert ( 1994 ). Standard Catalog of World Paper Money : General Issues. Colin R. Bruce II and Neil Shafer ( editors ) ( 7th ed. ). Krause Publications. ISBN 0 - 87341 - 207 - 9. External links Analysis of Pegged Exchange Rate Between Bhutan and India Historical and current banknotes of Bhutan http://himalaya.socanth.cam.ac.uk/collections/journals/jbs/pdf/JBS_01_01_04.pdf http://himalaya.socanth.cam.ac.uk/collections/journals/jbs/pdf/JBS_02_02_03.pdf https://web.archive.org/web/20120806142959/http://picasaweb.google.com/Vercrusse/Bhutan_Coins02 Bhutan articles History Second Battle of Simtokha Dzong Bhutan War ( Duar War ) Independence Operation All Clear Military history Geography Climate Ecoregions Environment Extreme points Glaciers Lakes Mountains Protected areas Rivers Valleys Wildlife Subdivisions Cities Chiwogs ( electoral precincts ) Dzongkhags ( districts ) Dungkhags ( subdistricts ) Gewogs ( village groups ) Villages Politics Constitution Elections Foreign relations Human rights LGBT LGBT history King Law enforcement Military Royal Army Royal Bodyguard Police Political parties Prime Minister Economy Agriculture Companies Energy Ngultrum ( currency ) Telecommunications Tourism Transport Culture Architecture Cuisine Flag Media Music Public holidays Sport Archery Olympics Demographics Crime Education Ethnic groups Health care Languages Religion Women Outline Index Bibliography Portal Currencies of Asia Central Kazakhstani tenge Kyrgyzstani som Tajikistani somoni Turkmenistan manat Uzbekistani soʻm East Chinese yuan Hong Kong dollar Japanese yen North Korean won South Korean won Macanese pataca Mongolian tögrög New Taiwan dollar unrecognized North Russian ruble South Afghan afghani Bangladeshi taka Bhutanese ngultrum Indian rupee Maldivian rufiyaa Nepalese rupee Pakistani rupee Sri Lankan rupee Pound sterling British Indian Ocean Territory U.S. dollar British Indian Ocean Territory Southeast Brunei dollar Burmese kyat Cambodian riel East Timorese centavo Indonesian rupiah Lao kip Malaysian ringgit Philippine peso Singapore dollar Thai baht U.S. dollar East Timor Vietnamese đồng West Abkhazian apsar unrecognized Armenian dram Artsakh dram unrecognized Azerbaijani manat Bahraini dinar Egyptian pound Gaza Strip Euro Cyprus Georgian lari Iranian rial Iraqi dinar Israeli new shekel Jordanian dinar Kuwaiti dinar Lebanese pound Omani rial Russian ruble ( Abkhazia ( unrecognized ) and South Ossetia ( unrecognized ) ) Qatari riyal Saudi riyal Syrian pound Turkish lira UAE dirham Yemeni rial Retrieved from `` https://en.wikipedia.org/w/index.php?title=Bhutanese_ngultrum&oldid=795432241 '' Categories : ISO 4217 Currencies of Asia Circulating currencies Economy of Bhutan Fixed exchange rate Currencies of Bhutan Currency introduced in 1974 Hidden categories : Articles containing Dzongkha - language text Talk Contents About Wikipedia Languages অসমীয়া Azərbaycanca বাংলা Bân - lâm - gú Беларуская Беларуская ( тарашкевіца ) ‎ Български Català Čeština Dansk Deutsch ཇོང ་ ཁ Eesti Ελληνικά Español Esperanto Euskara فارسی Français Galego 한국어 Hrvatski বিষ্ণুপ্রিয়া মণিপুরী Bahasa Indonesia Italiano Коми Lietuvių Magyar Македонски മലയാളം मराठी მარგალური Nederlands 日本 語 Norsk Norsk nynorsk ਪੰਜਾਬੀ پنجابی Polski Português Română Русский Slovenčina Српски / srpski Suomi Svenska தமிழ் Türkçe Українська Yorùbá 粵語 中文 Edit links This page was last edited on 14 August 2017, at 05 : 37. 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Question: what is the name of currency of bhutan
Answer: ngultrum