Bhutan's Currency: The Ngultrum (BTN), Pegged to Indian Rupee

No "Bhutan Dollar"

Bhutan does not issue a dollar-denominated currency. Its legal tender is the Bhutanese Ngultrum (BTN).

Peg & Exchange

• Fixed Peg: 1 BTN = 1 INR (Indian Rupee) since 1974.
• Subunit: 100 Chhertum = 1 Nu.
• Coins: Ch. 20, 25, 50; Nu. 1, 5, 10.
• Banknotes: Nu. 1, 5, 10, 20, 50, 100, 500, 1000.

Indian Rupee Acceptance

INR is legal tender in Bhutan (except INR 500/2000 notes, restricted post-2016 demonetization). USD/EUR exchangeable at banks (Bank of Bhutan, BNBL, Druk PNB, T Bank).

Practical Implications

• No independent monetary policy; imports Indian inflation.
• Stable, predictable for trade with India (80%+ of Bhutan's trade).
• Tourists: bring USD/EUR or INR; cards accepted in cities; ATMs dispense BTN.