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Encyclopedia > Bhutanese ngultrum

The ngultrum (BTN) is the currency of Bhutan, subdivided into 100 chertrums. In Dzongkha, it is written as དངུལ་ཀྲམ. Dzongkha is a Sino-Tibetan language from Bhutan. ...


It is equal in value to the Indian Rupee. As of January 7, 2005, there are 43.8400 Ngultrums to the US dollar or 57.2443 to the Euro. Rs. ... January 7 is the seventh day of the year in the Gregorian calendar. ... 2005 (MMV) is a common year starting on Saturday of the Gregorian calendar. ... USD redirects here. ... The euro (€; ISO 4217 code EUR) is the currency of twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain, collectively known as the Eurozone. ...


India was key in assisting the Bhutanese government as it developed its economy in the early sixties. When the Ngultrum was introduced in 1974 the Bhutanese pegged it with the Indian Rupee. It does not exchange independently with other nations, but is exchanged interchangeably with the Indian Rupee. The 1960s in its most obvious sense refers to the decade between 1960 and 1969, but the expression has taken on a wider meaning over the past twenty years. ... 1974 is a common year starting on Tuesday (click on link for calendar). ...


Before the introduction of the Ngultrum Bhutan didn't have a currency. The people bartered for goods that they couldn't produce themselves. Barter is a form of trade where goods or services are exchanged for a certain amount of other goods or services, i. ...


Coins in circulation word coinage Coín (a town in Malaga province in Spain) 1¢ euro coin A coin is usually a piece of hard material, generally metal and usually in the shape of a disc, which is issued by a government to be used as a form of money. ...

  • 5 Chertrum
  • 10 Chertrum
  • 20 Chertrum
  • 25 Chertrum
  • 50 Chertrum
  • 1 Ngultrum

Banknotes in circulation A £20 Ulster Bank banknote. ...

  • 5 Ngultrum
  • 10 Ngultrum
  • 20 Ngultrum
  • 50 Ngultrum
  • 100 Ngultrum
  • 500 Ngultrum

For further research:

  • Royal monetary authority. Specimen, with description of motives
  • Banknotes.com current, and earlier
  • Analysis of Pegged Exchange Rate Between Bhutan and India



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  Results from FactBites:
 
BHUTANESE NGULTRUM : Encyclopedia Entry (161 words)
The ngultrum (BTN) is the currency of Bhutan, subdivided into 100 chertrums.
India was key in assisting the Bhutanese government as it developed its economy in the early 1960s.
When the ngultrum was introduced in 1974 the Bhutanese pegged it to the Indian rupee.
Bhutanese ngultrum - Wikipedia, the free encyclopedia (201 words)
Before the introduction of the ngultrum, Bhutan issued Bhutanese rupees, subdivided into 64 paisa until 1957 and into 100 naya paisa after.
India was key in assisting the Bhutanese government as it developed its economy in the early 1960s.
When the ngultrum was introduced in 1974 the Bhutanese pegged it to the Indian rupee.
  More results at FactBites »


 

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