Chetrum definitions
| Word backwards | murtehc |
|---|---|
| Part of speech | Noun |
| Syllabic division | chet-rum |
| Plural | The plural of the word chetrum is chetrums. |
| Total letters | 7 |
| Vogais (2) | e,u |
| Consonants (5) | c,h,t,r,m |
Chetrum, a unit of currency used in Bhutan, holds significance in the country's financial landscape. Originally introduced in 1974, the Chetrum has now been replaced by the Ngultrum. Despite this change, it is essential to understand the history and value of the Chetrum in Bhutan.
History of Chetrum
The Chetrum was introduced as a financial unit in Bhutan in 1974. It served as a fractional unit of the Ngultrum, which was the primary currency at that time. The Chetrum was used in daily transactions to facilitate smaller payments, while the Ngultrum was used for larger transactions.
Value of Chetrum
One Chetrum was equal to one hundredth of a Ngultrum. This value allowed for easy conversion between the two currencies, making transactions more convenient for the people of Bhutan. The Chetrum played a crucial role in everyday financial dealings before it was phased out.
Replacement by Ngultrum
As Bhutan's financial system evolved, the Chetrum was eventually replaced by the Ngultrum as the official currency. The Ngultrum became the sole legal tender in Bhutan, simplifying the country's monetary system. The transition from Chetrum to Ngultrum marked an important milestone in Bhutan's economic development.
Legacy of Chetrum
Although no longer in use, the Chetrum remains a symbol of Bhutan's financial history. Its role as a fractional currency reflects the country's economic growth and transition over the years. Understanding the legacy of the Chetrum provides insight into Bhutan's journey towards a modern financial system.
In conclusion, the Chetrum, while no longer in circulation, holds historical significance in Bhutan's financial landscape. As the country continues to progress, the legacy of the Chetrum serves as a reminder of its economic evolution and the importance of adapting to changing financial needs.
Chetrum Examples
- The shopkeeper accepted payment in the form of chetrum, the local currency.
- The traveler exchanged their foreign currency for chetrum at the bank.
- The chetrum coins featured intricate designs and symbols on them.
- The market vendor priced their goods in chetrum, making it easier for locals to shop.
- Government officials discussed the stability of the chetrum in the current economic climate.
- Tourists were advised to carry a mix of chetrum and foreign currency when traveling in the region.
- Local charities accepted donations in chetrum to support their community programs.
- The chetrum banknotes were printed with high-quality paper and security features.
- Residents could pay their utility bills online using chetrum through a government portal.
- The chetrum exchange rate fluctuated daily, affecting import prices in the country.