Moneda Oficial De La República De Bután
## Moneda Oficial De La República De Bután: Ngultrum The official currency of Bhutan is the Ngultrum, abbreviated as Nu. Introduced in 1974, it has been pegged to the Indian Rupee at a rate of 1 Nu to 1 Indian Rupee since then. The currency is named after the Bhutanese word for silver. ### History of the Ngultrum Before the introduction of the Ngultrum, Bhutan used various foreign currencies, including the Indian Rupee, the British Pound, and the Tibetan Ngultrum. The Ngultrum was introduced to establish a distinct national currency and strengthen the country's economic independence. ### Coins and Banknotes The Ngultrum is available in both coins and banknotes. Coins are issued in denominations of 5, 10, 25, 50, 100, and 500 Ngultrum. Banknotes are issued in denominations of 1, 5, 10, 20, 50, 100, 500, and 1000 Ngultrum. The National Bank of Bhutan is responsible for issuing and regulating the currency. ### Exchange Rate and Stability The Ngultrum's peg to the Indian Rupee has provided stability to the Bhutanese economy. The Indian Rupee is a widely traded currency, which makes it easier for Bhutan to engage in international trade and commerce. The stability of the exchange rate has also helped to control inflation and maintain economic growth. ### Economic Significance The Ngultrum plays a vital role in the Bhutanese economy. It facilitates domestic transactions, stabilizes prices, and promotes trade and investment. The currency is also a symbol of Bhutan's national identity and sovereignty.
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