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. How Bitcoin Works

    Bitcoin is a digital currency that exists almost wholly in the virtual realm, unlike physical currencies like dollars and euros. A growing number of proponents support its use as an alternative ...

  9. How To Survive When Prices Double Every Day And A Half

    Hyperinflation can destroy your life savings in a matter of months or less. We’ve seen again and again throughout history…Germany in the 1920s, Hungary in the 1940s, Yugoslavia in the 1990s and ...

  10. What Is The Balance Of Payments?

    The balance of payments helps countries to track how much money is coming in and how much money is going out. Learn more about BOPs here.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Racketeering

    Racketeering refers to criminal activity that is performed to benefit an organization such as a crime syndicate. Examples of racketeering activity include...

  2. Lawful Money

    Any form of currency issued by the United States Treasury and not the Federal Reserve System, including gold and silver coins, Treasury notes, and Treasury bonds. Lawful money stands in contrast to fiat money, to which the government assigns value although it has no intrinsic value of its own and is not backed by reserves.

  3. Fast Market Rule

    A rule in the United Kingdom that permits market makers to trade outside quoted ranges, when an exchange determines that market movements are so sharp that quotes cannot be kept current.

  4. Absorption Rate

    The rate at which available homes are sold in a specific real estate market during a given time period.

  5. Yellow Sheets

    A United States bulletin that provides updated bid and ask prices as well as other information on over-the-counter (OTC) corporate bonds...

  6. Bailment

    The contractual transfer of possession of assets or property for a specific objective.
Trading Center