Banknotes of Bhutan

The Bhutanese ngultrum has been worth exactly the same as the Indian rupee, coin for coin, since it was introduced in 1974: in fact, in Bhutan you can pay directly with Indian rupees without exchanging them.

When melting down a coin was profitable

In 2003, Bhutan stopped minting metal coins because the material was worth more than the value printed on them: people were melting them down to sell them. Since then, small change is sometimes paid with candies or matchboxes instead of coins.

The dzongs on the banknote

The banknotes depict the great dzongs, the fortress-monasteries that govern the religious and administrative life of the country, such as the Trongsa Dzong, the Punakha Dzong, and the Tashichho Dzong in the capital, Thimphu, along with portraits of the kings of the Wangchuck dynasty.

What you will find here

Bhutanese ngultrums with Pick reference and actual condition.

Shipping

Protected and tracked from Spain.

Discover more banknotes from the region in Banknotes of Asia.

If you are interested in this area, combine with Nepal and India.