The Bhutanese Ngultrum, introduced in 1974, derives its name from the word “Ngul,” meaning silver, paying homage to traditional silver coins. An interesting fact about the Ngultrum is its peg to the Indian Rupee, which allows seamless exchange and trade between Bhutan and India, one of Bhutan’s primary trading partners. Unlike many countries with a fixed currency peg, Bhutan maintains its own vibrant cultural identity, and its monetary practices are deeply intertwined with the country’s philosophy of Gross National Happiness – a unique approach prioritizing development that is both sustainable and aligned with cultural values over mere economic indicators.

Additionally, Bhutan’s currency notes often feature images significant to its cultural and natural heritage, such as Bhutan’s famous dzongs (fortresses) and the iconic Takin, the national animal. These artistic depictions on the currency serve as a visual narrative of the Kingdom’s rich tradition, spirituality, and commitment to conservation, making the Ngultrum not only a medium of exchange but also a storyteller of Bhutan’s peaceful and isolated highland kingdom.