Bhutanese Ngultrum

Banknotes

On June 2, 1974, 1, 5 and 10 ngultrum notes were introduced by the Royal Government of Bhutan, followed by 2, 20, 50, and 100 ngultrums in 1978. On August 4, 1982, the Royal Monetary Authority of Bhutan Act was enacted, although the RMA didn't began actual operations until November 1, 1983, and did not issue its own family of notes until 1986. In 2006, the Monetary Authority introduced its latest series of notes, with denominations of 1, 5, 10, 20, 50, 100, 500, and 1000 ngultrum.

Previous series
Image		Value	Dimensions	Main Colour	Description
Obverse	Reverse	Value	Dimensions	Main Colour	Obverse	Reverse	Watermark
		Nu.1		Blue	The Government crest, two dragons	Simtokha Dzong	"Royal Monetary Authority" in top and bottom margin
		Nu.5	130 × 62 mm	Orange	The Government crest, two mythical bird (Bja Tshering) (the bird of long life)	Paro Rinpung Dzong
		Nu.10	140 × 70 mm	Purple	The Government crest, Dungkar (conch) (one of the eight lucky signs), Jigme Singye Wangchuck	Paro Rinpung Dzong
		Nu.20	152 × 70 mm	Yellow-green	The Government crest, Khorlo (Wheel of Dharma, one of the eight auspicious signs), Jigme Dorji Wangchuck	Punakha Dzong
		Nu.50	155 × 70 mm	Pink		Trongsa Dzong, two mythical birds Bja Tshering (bird of long life)
		Nu.100	161 × 70 mm	Green	Norbu Rimpochhe (one of the seven auspicious gems), Jigme Singye Wangchuck	Tashichho Dzong	Crossed Dorji (Dorji jardrum)
		Nu.500	160 × 70 mm	Red	Norbu Rimpochhe encircled by two Dragons (one of the seven auspicious gems), Ugyen Wangchuck	Punakha Dzong	Crossed Dorji (Dorji jardrum)

2006 and 2008 Series
Image	Value	Dimensions	Main Color	Description		Date of issue	Date of first issue	Watermark
Image	Value	Dimensions	Main Color	Obverse	Reverse	Date of issue	Date of first issue	Watermark
	1 ngultrum	120 x 60 mm	Blue, red and green	Dragons	Simtokha Dzong	2006	November 20, 2006	None
	5 ngultrum	125 x 60 mm	Yellow, brown and red	Birds	Taktsang	2006 2011	November 20, 2006	None
	10 ngultrum	125 x 65 mm	Dark green and yellow	Jigme Singye Wangchuck; Dungkar (conch), one of the eight good luck symbols	Paro Rinpung Dzong	2006	2007	Jigme Singye Wangchuck
	20 ngultrum	130 x 65 mm	Yellow and green	Jigme Khesar Namgyel Wangchuck	Punakha Dzong	2006	November 20, 2006	Jigme Khesar Namgyel Wangchuck
	50 ngultrum	145 x 70 mm	Pink, orange and green	Jigme Khesar Namgyel Wangchuck	Trongsa Dzong	2008	November 6, 2008	Jigme Khesar Namgyel Wangchuck
	100 ngultrum	145 x 70 mm	Green	Jigme Singye Wangchuck; Norbu Rimpochhe, one of the seven auspicious gems	Tashichho Dzong, dragons in upper corners	2006 2011	2007	Jigme Singye Wangchuck
	500 ngultrum	155 x 70 mm	Pink, orange and green	Ugyen Wangchuck with the Raven Crown	Punakha Dzong	2006 2011	November 20, 2006	Jigme Singye Wangchuk
	1000 ngultrum	165 x 70 mm	Yellow, red and gold	Jigme Khesar Namgyel Wangchuck with the Raven Crown	Tashichho Dzong	2008	November 6, 2008	Jigme Khesar Namgyel Wangchuck

Commemorative notes
Image	Value	Dimensions	Main Color	Description		Date of issue	Date of first issue	Watermark
Image	Value	Dimensions	Main Color		100 ngultrum	Date of issue	Date of first issue	Watermark	145 x 70 mm	Orange, brown and red	Mythical angel carrying the Raven Crown; national emblem; royal wedding logo consisting of khorlo (wheel) signifying royalty, circles with dhar (ceremonial scarf) signifying eternal union of thap (method) and sherab (wisdom), and the dham tshig tsangma and lotus, symbolizing purity of union; Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema	Punakha Dzong (aka Pungtang Dechen Photrang Dzong, meaning “the palace of great happiness or bliss”)	2011	October 13, 2011	None

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