Bhutanese ngultrum 490884 219799787 2008-06-16T22:44:00Z Lightbot 7178666 Units/dates/other {{Infobox Currency | currency_name_in_local = [[Image:Ngultrumdzong.svg|80px]] <small>{{dz icon}}</small> | image_1 = 1ngultrum.jpg | image_title_1 = 1 ngultrum | iso_code = BTN | using_countries = {{BTN}} | inflation_rate = 5.5% | inflation_source_date = ''[https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook]'', 2005 est. | pegged_with = [[Indian rupee]] at par | subunit_ratio_1 = 1/100 | subunit_name_1 = chhertum (chetrum) | symbol = Nu. | symbol_subunit_1 = Ch. | frequently_used_coins = Ch.20, Ch.25, Ch.50, Nu.1. | rarely_used_coins = Ch.5, Ch.10 | used_banknotes = Nu.1, Nu.5, Nu.10, Nu.20, Nu.50, Nu.100, Nu.500 | issuing_authority_title = Monetary authority | issuing_authority = [[Royal Monetary Authority of Bhutan]] | issuing_authority_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. ==History== In 1974, the ngultrum was introduced, replacing the [[Bhutanese rupee|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 of Bhutan|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. ==Coins== [[Image:Bhutan 2006 circulating coins.jpg|right|thumb|335px|Bhutanese 20 chetrums, 25 chhertum, 50 chhertum and 1 ngultrum]]In 1974, aluminium 5 and 10 chetrums, aluminium-bronze 20 chetrums and cupro-nickel 25 chetrums and 1 ngultrum. The 5 chetrums was square and the 10 chetrums was scalloped 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== In 1974, 1, 5 and 10 ngultrums notes were introduced by the Royal Government, followed by 100 ngultrums in 1978 and 2, 20 and 50 ngultrums in 1981. The Royal Monetary Authority took over the issuance of paper money in 1986. In 2006, the Monetary Authority introduced a new series of notes, and including a 1 ngultrum.<ref>{{cite web | author= Nachthund | url= http://www.nachthund.biz/CatalogUpdate/Bhutan/BhutanIndex.html | title= Update - Bhutan | accessdate=2008-01-23}}</ref> {|class="wikitable" style="font-size: 90%" !colspan="6"| Previous series [http://www.rma.org.bt/aboutrma/currency.htm] |- !rowspan="2"| Value !!rowspan="2"| Dimensions !!rowspan="2"| Main Colour !!colspan="3"| Description |- ! Obverse !! Reverse !! Watermark |- | Nu.5 | 130 × 62 mm | Orange | The Government crest, two mythical bird (Bja Tshering) (the bird of long life) |rowspan="2"| Paro Rinpung Dzong |rowspan="4"| "Royal Monetary Authority" in top and bottom margin |- | 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 |rowspan="2"| 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 |rowspan="2"| 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 |- |colspan="6"|{{Standard banknote table notice|BrE=Y}} |} {{Exchange Rate|BTN}} ==See also== * [[Economy of Bhutan]] ==References== {{refbegin}} *{{numis cite SCWC|date=1991}} *{{numis cite SCWPM|date=1994}} {{refend}} {{Reflist}} ==External links== {{Standard numismatics external links | world_coin_gallery_1_url = Bhutan | world_coin_gallery_1_name = Bhutan | banknote_world_1_url = bhutan | banknote_world_1_name = Bhutan | dollarization_1_url = asia | dollarization_1_name = Asia | gfd_1_url = Bhutan | gfd_1_name = Bhutan | gfd_data_1_url = | gfd_data_1_name = | show_gfd_excel = Y }} * [http://www.worldpapermoney.org/bhutan.htm worldpapermoney.org - Banknotes of Bhutan image gallery] * [http://www.bhutanstudies.org.bt/journal/vol8/v8-7.pdf Analysis of Pegged Exchange Rate Between Bhutan and India] {{Currencies of Asia}} [[Category:Economy of Bhutan]] [[Category:Fixed exchange rate]] [[be-x-old:Нгултрум]] [[ca:Ngultrum]] [[cs:Bhútánský ngultrum]] [[de:Ngultrum]] [[et:Bhutani ngultrum]] [[el:Νγκούλτρουμ]] [[es:Ngultrum butanés]] [[fr:Ngultrum]] [[ko:부탄 눌트럼]] [[bpy:ভুটানিজ ঙুলট্রুম]] [[it:Ngultrum del Bhutan]] [[hu:Bhutáni ngultrum]] [[nl:Ngultrum]] [[ja:ニュルタム]] [[no:Ngultrum]] [[pl:Ngultrum]] [[pt:Ngultrum]] [[ru:Нгултрум]] [[sv:Ngultrum]] [[zh:努尔特鲁姆]]