Bhutanese ngultrum conversion

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Bhutanese ngultrum

Abbreviation/Symbol:

  • དངུལ་ཀྲམ

Worldwide use:

  • Bhutan (alongside Indian rupee)

Description:

The currency of Bhutan is the Bhutanese Ngultrum. One Ngultrum is worth 100 Chhertum. Coins come in 5, 10, 20, 25 and 50 Chhertum as well as 1 Ngultrum. Banknotes are issued in 1, 5, 10, 20, 50, 100, 500 and 1000 Ngultrums.

The Bhutanese Ngultrum is equal value to the Indian Rupee and both currencies are used throughout Bhutan.

Origin:

Originally, trade was done with commodities such as rice, butter, cheese, wool, cloths and meat. The first silver coins of Bhutan were produced at the end of the 18th century. Other variations of coins were developed over the years but the exchange of goods was still widespread. It 1974 the Bhutanese Ngultrum replaced the Bhutanese Rupee.

Component units:

  • chhertum (chetrum) (100)

Date introduced:

  • 1974

Central bank:

  • Royal Monetary Authority of Bhutan

Printer:

    Mint: