- Monetary unit:
the Country code:
- Bhutan, Kingdom
- of 47 000 sq. km
- a dzongkha (state), various Tibetan and Nepalese dialects
- BT (BTN) 064
Despite the fact that what stamping of own money in Bhutan has begun still in XVII., more or less modern and stable monetary system was formed here only in the end of XX century In 1971. The Bhutan authorities had to withdraw from circulation 350 000 tikchungs (so coins in nominal value in half-rupee were called) because for solid monetary operations were absolutely inconvenient for using sacks with metal coins. In 1974. In Bhutan there was a native currency - a ngultrum. Now in country monetary circulation there are own paper moneys and the national bank which attends to their issue functions.
On Bhutan territories act it is almost equal in rights at once three monetary units: a ngultrum, Indian rupee and the American dollars. The Indian rupee and a ngultrum are full circulating mediums. As to the American dollars, they are accepted in all territory of Bhutan, at least in those places where foreign visitors can go.
The currency official rate in relation to other currencies is defined in New Delhi by the Reserve bank of India. One ngultrum is equal 100 chetrums. In circulation there are denominations of denomination of 1, 5, 10, 20, 50, 100 and 500 ngultrums.
In Bhutan exists two national banks which have the branches on all country. Exchange and traveller's cheques is carried out in any bank and in many hotels. In Bhutan there are no cash dispenses. In the remote country towns it is almost impossible to exchange currency.
In 2011 in Bhutan a series of notes with the increased degree of protection against fakes has been manufactured. Also the memorable note in 100 ngultrums in honour of royal wedding is entered into the circulation.
It is updated 04.2012