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1 Ngultrum
| Issuer | Bank of Bhutan |
|---|---|
| Year | 1981-1985 |
| Type | Log in to see details |
| Value | 1 Ngultrum (1 BTN) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | དཔལ་ལྔན་འབྲུག་གཞུང་། BANK OF BHUTAN ༡ འཆང་མཁན་ལ་ངོས་ཀྱིས་དངུལ་ཀྲམ་གཅིག་སྤྲོད་རྒྱུའི་ཁས་བླངས་ཡོད། 1 (Translation: Royal Government of Bhutan, I promise to pay the bearer on demand the sum of total one ngultrum) |
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| Signature(s) | Log in to see details |
| Protection type | Watermark |
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| Variants | Log in to see details |
| Comments |
Bhutan's first banknotes — this series among them — were produced by De La Rue under an arrangement that placed considerable design authority with the printer, as the Bank of Bhutan had no prior template to work from. The institution itself was only established in 1968, making this early 1980s issue part of a very short issuing history.
The single ngultrum sat at parity with the Indian rupee, a fixed rate that has held since the series was introduced. That peg made low-denomination notes like this one genuinely functional in cross-border trade with India, not merely symbolic paper.