Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
1 Ngultrum
| Issuer | Royal Government of Bhutan |
|---|---|
| Year | 1974 |
| Type | Log in to see details |
| Value | 1 Ngultrum |
| 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 | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | ROYAL GOVERNMENT OF BHUTAN ONE NGULTRUM |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Four-petalled dorje (vajra) symbol watermark |
| Variants | Log in to see details |
| Comments |
Bhutan's first modern banknote series, introduced in 1974, replaced a system of barter and coin that had operated without paper currency well into the twentieth century. The Royal Government turned to the Security Printing Press at Nasik — the same Indian government facility that produces Indian rupee notes — a practical choice given Bhutan's close financial relationship with India and the absence of any domestic printing infrastructure.
The Indian rupee remained legal tender in Bhutan alongside the ngultrum at par, a currency arrangement that continues to this day. P#1 is the lowest denomination of that inaugural series and the first Pick-listed note for the country.