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Bhutan Currency

ISO 4217 code
BTN
Monetary authority
Royal Monetary
Authority of Bhutan
 Website
www.rma.org.bt
User(s)
Bhutan (alongside
Indian rupee)
Inflation
8.3%
 Source
The World Factbook,
2012 est.
Pegged with
Indian rupee at par
Subunit
 1/100
chhertum (chetrum)
Symbol
Nu.
 chhertum (chetrum)
Ch.
Coins
 Freq. used
Ch.20, Ch.25, Ch.50,
Nu.1.
 Rarely used
Ch.5, Ch.10
Banknotes
Nu.1, Nu.5, Nu.10,
Nu.20, Nu.50, Nu.100,
Nu.500, Nu.1000[1][2]
The ngultrum (ISO
4217 code BTN)
(Dzongkha: དངུལ་ཀྲམ)
has been the currency
of Bhutan since 1974. It
is subdivided into 100
chhertum (called
chetrums on coins until
1979).
History
In 1974, the ngultrum
was introduced,
replacing the 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
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 nations'
currencies but is
interchangeable with
the Indian rupee.


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