Bhutan, a landlocked country in the Eastern Himalayas, has a unique history of currency notes that reflects its cultural heritage and economic development. Here is an overview of Bhutan's history of currency notes:
- Bhutanese Ngultrum (1974-present): The official currency of Bhutan is the Bhutanese Ngultrum. It was introduced in 1974, replacing the Indian Rupee as the country's official currency. The Ngultrum is subdivided into 100 Chhertum. Bhutan has maintained a fixed exchange rate between the Ngultrum and the Indian Rupee.
- Designs and Themes: The currency notes of Bhutan feature a variety of designs and themes that highlight the country's rich cultural heritage, natural beauty, and Buddhist traditions. The notes often depict prominent figures from Bhutanese history, iconic landmarks such as dzongs (fortresses) and monasteries, traditional Bhutanese architecture, and local flora and fauna.
- Security Features: Bhutanese currency notes incorporate various security features to prevent counterfeiting and ensure their authenticity. These features may include watermarks, security threads, holographic strips, embossed elements, and fluorescent ink.
- Royal Monetary Authority of Bhutan: The Royal Monetary Authority of Bhutan is the central bank responsible for issuing and managing currency in the country. It ensures the stability and integrity of the Bhutanese Ngultrum and formulates monetary policies to promote economic growth and financial stability.
The currency notes of Bhutan not only serve as a medium of exchange but also reflect the country's unique identity and values. They showcase Bhutan's rich cultural heritage, natural landscapes, and the importance of Buddhism in the country's history and way of life.