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50 Ngultrum
| Issuer | Royal Monetary Authority of Bhutan |
|---|---|
| Year | 1986-1992 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Ngultrum (1974-date) |
| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | ROYAL MONETARY AUTHORITY OF BHUTAN / FIFTY NGULTRUM / TONGSA DZONG / གཉིས་གྲམ་ལྔ་བཅུ། |
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| Protection type | Watermark |
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| Comments |
The Royal Monetary Authority of Bhutan was established only in 1982, making the P#17 series among the earliest notes issued under a fully functioning central bank structure — prior issues had been administered through less formalized arrangements. Thomas De La Rue handled the printing throughout this period, a relationship that extended across multiple Bhutanese denominations during the 1980s.
The ngultrum has maintained a fixed peg to the Indian rupee at 1:1 since its introduction in 1974, which makes these notes functionally interchangeable with Indian currency in practice — an unusual monetary arrangement that limits the ngultrum's independent role despite its official status.