Currency of Bhutan: The Ngultrum

Official Currency

The currency of Bhutan is the Ngultrum (Nu.), issued by the Royal Monetary Authority of Bhutan.

History

• Introduced in 1974, replacing the Indian rupee at par (1 Nu. = 1 INR).
• Indian rupee remains legal tender in Bhutan.

Subdivision

1 Ngultrum = 100 Chetrum (also spelled Chhertum).

Peg

The Ngultrum is pegged 1:1 to the Indian Rupee.