In this article, We learn about “Bhutan Ngultrum (BTN)”.Let’s Go!
The Bhutanese ngultrum (BTN) is the official currency of Bhutan, a small landlocked country located in South Asia.
The ngultrum has been the country’s official currency since 1974, when it replaced the Indian rupee.
The Bhutanese ngultrum is subdivided into 100 chhertum and is symbolized by the “Nu.” sign.
The exchange rate of the ngultrum is tied to the Indian rupee, with 1 ngultrum equal to 1 Indian rupee.
The Royal Monetary Authority of Bhutan is responsible for managing the monetary policy and issuing currency in Bhutan.
The Bhutanese economy is largely driven by agriculture, forestry, and tourism, and fluctuations in these industries can affect the value of the ngultrum.
Visitors to Bhutan can usually exchange their foreign currency for Bhutanese ngultrum at banks, exchange bureaus, and some hotels and airports.
It is worth noting that Bhutan has a policy of “high-value, low-impact” tourism, which requires visitors to pay a minimum daily tariff, which includes accommodation, meals, transportation, and a guide.
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