Bhutan is a landlocked country located in the Eastern Himalayas between India and China. The total area of Bhutan is about 14,824 square miles. It is ranking in the land area is 133rd. The capital and biggest city in Bhutan is Thimphu. Dzongkha is the official language in Bhutan. Bhutan also is famous for its exclusive philosophy.
The history of Bhutanese Ngultrum.
Bhutan introduced its first national currency called chetrum, it was made of silver and gold. The coin currency was used in Bhutan until the first banknote denomination called Ngultrum (BTN) was introduced in 1974 as a consequence of the establishment of the Bank of Bhutan in 1986. The word “ngul” literally means silver in the classic Dzongkha language, and the “trum” term means money in the Hindi language.
The banknote denominations were available in 1, 5, 10 Nu notes at first on 2 June 1974. Later on, in 1978, more banknotes were added including 2, 20, 50, and 100 notes. These banknotes were decorated with the Governor crest and Norbu Rinpoche in the front, and the Dzong buildings on the reversed side.
Since 1985, these banknotes were started printing by the Royal Monetary Authority of Bhutan.
The latest banknote denominations were introduced in 2006 with the denomination of 1, 5, 10, 20, 50, 100, 500, and 1 000 Nu notes. These banknotes concept was almost similar to the previous notes with the Dzong buildings on the reversed side. On the front side, these banknotes contained a portrait of the Wangchuck family on each note.