Ngultrum definitions
| Word backwards | murtlugn |
|---|---|
| Part of speech | Ngultrum is a noun. |
| Syllabic division | ngul-trum |
| Plural | The plural of the word "ngultrum" is "ngultrum" as well. |
| Total letters | 8 |
| Vogais (1) | u |
| Consonants (6) | n,g,l,t,r,m |
Ngultrum is the official currency of Bhutan, a country located in South Asia. It is denoted by the symbol "Nu" and the ISO code "BTN". The ngultrum is subdivided into 100 smaller units called chhertum. The word "ngultrum" translates to "silver" in the Dzongkha language, the official language of Bhutan.
History of Ngultrum
The ngultrum was introduced in 1974, replacing the Indian rupee at par. This transition marked Bhutan's move towards economic independence and sovereignty. The first coins and banknotes were issued in 1974 by the Royal Monetary Authority of Bhutan, the country's central bank.
Currency Denominations
Currently, ngultrum coins are issued in denominations of 1, 5, 10, 20, and 50 chhertum, as well as 1 and 2 ngultrum. Banknotes are available in denominations of 1, 5, 10, 20, 50, 100, 500, and 1000 ngultrum. The colorful banknotes feature images of the country's iconic landmarks, cultural symbols, and the reigning monarch.
Exchange Rate and Usage
The ngultrum is pegged to the Indian rupee, with an exchange rate of 1 ngultrum to 1 Indian rupee. Both currencies are widely accepted in Bhutan, with Indian rupees commonly used in border towns and for trade with India. However, the ngultrum remains the official legal tender for all transactions within Bhutan.
Ngultrum plays a vital role in Bhutan's economy, supporting the country's unique cultural heritage and promoting economic stability. As Bhutan continues to develop and modernize, the ngultrum will remain a symbol of the nation's sovereignty and independence.
Overall, the ngultrum stands as a testament to Bhutan's rich history, cultural identity, and commitment to preserving its traditions in a rapidly changing world.
Ngultrum Examples
- The currency of Bhutan is the ngultrum.
- I exchanged my dollars for ngultrum before traveling to Bhutan.
- The price of the souvenir was quoted in ngultrum.
- She needed to withdraw ngultrum from the ATM in Thimphu.
- The ngultrum has been the official currency of Bhutan since 1974.
- He paid for his hotel stay in ngultrum.
- The cost of living in Bhutan is typically measured in ngultrum.
- The Ngultrum Bank is one of the major financial institutions in Bhutan.
- Tourists are advised to exchange their foreign currency for ngultrum upon arrival in Bhutan.
- The ngultrum is pegged to the Indian rupee at par.