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LOCAL CURRENCY IN BHUTAN

Would you like to know name of the currency in Bhutan? The money used in Bhutan is called Ngultrum.

The Bhutanese Ngultrum is issued and managed by the Royal Monetary Authority of Bhutan. To find out the current currency exchange rates for Ngultrum to other major currencies of the world, click on foreign currency rates.

Bhutanese Currency Information
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The currency used in Bhutan is called as the Ngultrum. This currency is denoted with the currency sign Nu. and the ISO 4217 Code for the Bhutanese Ngultrum is BTN. The Ngultrum, is the official currency of the Bhutan . It is divided into 100 smaller units called chhertum (chetrum)(Ch).

The constitution of Bhutan provides that the Bhutan government shall have the power to print the Bhutanese Ngultrum and chhertum (chetrum)(Ch) coins to be used as a legal tender in Bhutan. The Bhutanese Ngultrum bank notes and Chhertum (chetrum)(Ch) coins are both designated as "legal tender" in payment of debts.

The Bhutanese Ngultrum bill uses the decimal system, consisting of 100 equal units.

The symbol Nu., usually written before the numerical amount, is used for the Bhutanese Ngultrum.

Currently printed bank notes denominations are Nu.1, Nu.5, Nu.10, Nu.20, Nu.50, Nu.100, Nu.500, Nu.1000[1][2] and the coins are minted in the denominations of Ch.20, Ch.25, Ch.50, Nu.1. Ch.5, Ch.10.

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The Effect of Balance of Trade and Investment on the Value of Bhutanese Ngultrum
Financial analysts regularly cite the balance of trade and investment in Bhutan as the most important influence on the value of the Ngultrum. The difference between what the Bhutan exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Ngultrum exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Ngultrum exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Bhutanese Ngultrum.
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