Bhutan Ngultrum (BTN)
Tue, Apr 15The Bhutanese ngultrum (BTN) serves as the official currency of Bhutan, a small landlocked nation situated in South Asia. Since 1974, the ngultrum has been the official bhutan currencies, having replaced the Indian rupee.
The ngultrum is divided into 100 chhertum and is represented by the symbol “Nu.” The exchange rate of the ngultrum is linked to the Indian rupee, with 1 ngultrum equating to 1 Indian rupee.
The Royal Monetary Authority of Bhutan oversees the management of monetary policy and the issuance of currency within the country. Bhutan's economy is primarily driven by agriculture, forestry, and tourism, and changes in these sectors can influence the ngultrum's value.
Travelers to Bhutan can typically exchange their foreign currency for Bhutanese ngultrum at banks, exchange bureaus, and select hotels and airports. It is important to note that Bhutan follows a “high-value, low-impact” tourism policy, which mandates that visitors pay a minimum daily tariff that covers accommodation, meals, transportation, and a guide.
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