Investopedia

Continue to Site »

Bhutan Ngultrum (BTN)

Filed Under » ,
Dictionary Says

Definition of 'Bhutan Ngultrum (BTN)'

The currency of Bhutan. The Bhutan Ngultrum, abbreviated as BTN or Nu, was introduced in 1974 and is issued as colorful paper currency in denominations of 1, 5, 10, 20, 50, 100 and 500. The BTN is pegged to the Indian rupee, and rupees are also widely used as currency in Bhutan. One ngultrum is subdivided into 100 chhertum, which come in the form of 25 and 50 chhertum coins. In 2011, approximately 50 ngultrum could be exchanged for US$1.
Investopedia Says

Investopedia explains 'Bhutan Ngultrum (BTN)'

Bhutan is a small country surrounded by China to the north and India to the south. It is a constitutional monarchy that gained independence from Britain in 1907. Its economy, based on subsistence agriculture, animal husbandry and forestry, is one of the world's smallest and most underdeveloped. Per capita, GDP was about $6,000 in 2011. Bhutan depends heavily on India for trade and financial assistance, and the International Monetary Fund considers Bhutan a net debtor.

Articles Of Interest

  1.

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  2. Forex: Wading Into The Currency Market

    We go over the ground rules and available resources needed for this undertaking.

  3. Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.

  4. Dollarization Explained

    Find out how fledgling economies can find some stability in their currency and attract foreign investment.

  5. 6 Factors That Influence Exchange Rates

    Find out how a currency's relative value reflects a country's economic health and impacts your investment returns.

  6. A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.

  7. The International Money Market

    Banks, corporations, traders and speculators all use the IMM to borrow, lend, trade, profit, finance, speculate and hedge risks.

  8. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  9. Inspecting A Country's Debt

    Tensions over just how to handle debt are pitting the rich world against the developing world like never before.

  10. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  2. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  3. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  4. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  5. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  6. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
Trading Center