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Bhutan / 24 Products

Bhutan, officially the Kingdom of Bhutan, is a constitutional monarchy that has Mahayana Buddhism as its state religion. It is located in the Eastern Himalayas, with China to the north and India to the south. Because it is landlocked and surrounded by mountains, the country was historically isolated until improvements in transportation in the early 21st century opened its trade and loosened its borders. 

Bhutan uses its local currency, the ngultrum. The ngultrum derives its name from the Dzongkha word for silver, ngul. The first ngultrum banknotes were issued by the Royal Government of Bhutan on June 2, 1974—when the fourth Druk Gyalpo (Dragon King) Jigme Singye Wangchuck was crowned. The 5- and 100-ngulstrum banknotes featured Jigme Singye Wangchuck’s portraits and the 10-ngulstrum banknote featured the portrait of the third Druk Gyalpo Jigme Dorji Wangchuck. In 1978, the Royal Government of Bhutan issued redesigned banknotes and introduced the 2, 20, and 50 ngultrum banknotes. All of the banknotes featured the royal emblem of Bhutan. The 1, 2, and 5 ngultrum banknotes had similar designs—the royal emblem on the obverse side and the Paro Rinpung Dzong, a Buddhist monastery and fortress, on the reverse side—with differing color schemes. The larger denominations (10, 20, 50, and 100) featured different monarchs and important buildings. 


On August 4, 1982, the Royal Monetary Authority of Bhutan started taking over central banking responsibilities, like issuing banknotes, from the Royal Government of Bhutan. The 500 ngultrum banknote was issued on the 1994 National Day, which celebrates the coronation of the first King of Bhutan in 1907. In 2003, the Royal Monetary Authority used new portraits of the kings of Bhutan in the front and new vignettes at the back. In 2008, the golden 1,000 ngultrum banknote was introduced. In 2011, the Royal Monetary Authority issued commemorative 100 ngultrum banknotes to celebrate the royal wedding of King Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema. These 100 ngultrum banknotes featured the royal couple on the obverse side and the Punakha Dzong (the palace of great happiness) on the reverse side. The 1 and 10 ngultrum banknotes were printed on a paper-polymer hybrid substrate instead of paper. In 2016, the Royal Monetary Authority issued a commemorative 100 ngultrum banknote to celebrate the first birthday of His Royal Highness The Gyalsey Jibme Namgyel Wangchuck.

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    Bhutan 1,000 Ngultrum commemorative banknote from 2016 has a pick number P-36, is in uncirculated (UNC) condition and features the birth of the Gyalse and King Jigme Khesar Namgyel Wangchuck.

    Variety:
    Commemorative - UNC
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    • Price:$29.99 USD
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    Only 6 left in stock.
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    Bhutan 500 Ngultrum banknote from 2020 has a pick number P-33c, is in uncirculated (UNC) condition, and features Ugyen Wangchuck.

    Variety:
    UNC
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    • Price:$11.99 USD
    • EachEa.
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    Bhutan 5 Ngultrum banknote from 2015, has a pick number of P-28c, is in uncirculated (UNC) condition and features DeyNga and sensory enjoyment offerings.

    Variety:
    UNC
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    • Price:$0.49 USD
    • EachEa.
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    Bhutan 1 Ngultrum banknote from 2013, has a pick number of P-27bz, is in uncirculated (UNC) condition and features Khorlo Wheel of Dharma.

    Variety:
    Replacement - UNC
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    • Price:$9.99 USD
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    Only 1 left in stock.
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    Bhutan 1-1,000 Ngultrum banknote set contains eight banknotes from 2011-2016 that have pick numbers ranging from P-27b to P-34b, are in uncirculated (UNC) condition, and feature Kings of Bhutan.

    Variety:
    Set - UNC
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    • Price:$74.99 USD
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    Only 1 left in stock.
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    Bhutan 1 Ngultrum banknote from 2013, has a pick number of P-27b, is in uncirculated (UNC) condition and features Khorlo Wheel of Dharma.

    Variety:
    UNC
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    • Price:$0.29 USD
    • EachEa.
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    Bhutan 50 Ngultrum Banknote from 2000 ND with pick number P-24 is in uncirculated (UNC) condition and features Jigme Dorji Wangchuk.

    Variety:
    UNC
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    • Price:$9.99 USD
    • EachEa.
    Only 2 left in stock.
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    Bhutan 100 Ngultrum Banknote from 1986 ND with pick number P-18a is in uncirculated (UNC) condition and features Jigme Singye Wangchuck.

    Variety:
    UNC
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    • Price:$49.99 USD
    • EachEa.
    Only 1 left in stock.
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    Bhutan 50 Ngultrum banknote from 1992 ND has a pick number P-17b, is in uncirculated (UNC) condition, and features Jigme Dorji Wangchuck.

    Variety:
    UNC
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    • Price:$29.99 USD
    • EachEa.
    Only 1 left in stock.
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    Bhutan 20 Ngultrum banknote from 1985-1992 ND has a pick number P-16b, is in uncirculated (UNC) condition, and features King Jigme Dorji Wangchuck.

    Variety:
    UNC
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    • Price:$14.99 USD
    • EachEa.
    Only 2 left in stock.
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    Bhutan 20 Ngultrum banknote from 1985-1992 ND has a pick number P-16a, is in uncirculated (UNC) condition, and features King Jigme Dorji Wangchuck.

    Variety:
    UNC
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    • Price:$14.99 USD
    • EachEa.
    Only 1 left in stock.
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    Bhutan 1 Ngultrum Banknote from 2013 with a pick number P-27bz is in uncirculated (UNC) condition and features dragons and the Wheel of Dharma. This replacement banknote has been TAP authenticated with a grade of 60-70.

    Variety:
    TAP - Replacement
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    • Price:$9.99 USD
    • EachEa.
    Only 5 left in stock.
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    Bhutan 10 Ngultrum Banknote from 2013 with a pick number P-29bz is in uncirculated (UNC) condition and features Jigme Singye Wangchuck. Additionally, the replacement note has been TAP authenticated with a grade of 60-70.

    Variety:
    TAP - Replacement
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    • Price:$9.99 USD
    • EachEa.
    Only 8 left in stock.
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    Bhutan 5 Ngultrum Banknote from 2015 with pick number P-28cz is in uncirculated (UNC) condition and features DeyNga, Bja Tshering and Taktsang Palphug Monastery. This replacement banknote has been TAP authenticated with a grade of 60-70.

    Variety:
    TAP - Replacement
    As low as
    • Price:$99.99 USD
    • EachEa.
    Only 1 left in stock.
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    Bhutan 20 Ngultrum banknote from 1985-1992 ND has a pick number P-16b, is in uncirculated (UNC) condition, and features King Jigme Dorji Wangchuck. Additionally, the banknote is TAP Authenticated with a grade of 60-70.

    Variety:
    TAP - UNC
    As low as
    • Price:$29.99 USD
    • EachEa.
    Only 1 left in stock.
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    Bhutan 5 Ngultrum banknote from 1985 ND has a pick number P-14a, is in uncirculated (UNC) condition, and features the royal emblem. Additionally, the banknote is TAP Authenticated with a grade of 60-70.

    Variety:
    TAP - UNC
    As low as
    • Price:$14.99 USD
    • EachEa.
    Only 2 left in stock.
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    Bhutan 20 Ngultrum banknote from 1985-1992 ND has a pick number P-16a, is in uncirculated (UNC) condition, and features King Jigme Dorji Wangchuck. Additionally, the banknote is TAP Authenticated with a grade of 60-70.

    Variety:
    TAP - UNC
    As low as
    • Price:$24.99 USD
    • EachEa.
    Only 1 left in stock.
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    Bhutan 10 Ngultrum Banknote from 2000 ND with pick number P-22 is in uncirculated (UNC) condition and features Jigme Singye Wangchuck. This banknote has been TAP authenticated with a grade of 60-70.

    Variety:
    TAP - UNC
    As low as
    • Price:$9.99 USD
    • EachEa.
    Only 1 left in stock.
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    Bhutan 50 Ngultrum Banknote from 2000 ND with pick number P-24 is in uncirculated (UNC) condition and features Jigme Dorji Wangchuk. This banknote has been TAP authenticated with a grade of 60-70.


    Variety:
    TAP - UNC
    As low as
    • Price:$14.99 USD
    • EachEa.
    Only 1 left in stock.
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    Bhutan 20 Ngultrum banknote from 2006 has a pick number P-30a, is in uncirculated (UNC) condition, and features Jigme Dorji Wangchuck. Additionally, the banknote is TAP Authenticated.

    Variety:
    TAP - UNC
    As low as
    • Price:$9.99 USD
    • EachEa.
    Only 1 left in stock.
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    Bhutan 1,000 Ngultrum commemorative banknote from 2016 has a pick number P-36, is in uncirculated (UNC) condition, and features the birth of the Gyalse and King Jigme Khesar Namgyel Wangchuck. Additionally, the note is TAP Authenticated with a grade of 60-70.

    Variety:
    TAP - Commemorative
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    • Price:$29.99 USD
    • EachEa.
    Only 1 left in stock.
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    Bhutan 500 Ngultrum banknote from 2020 has a pick number P-33c, is in uncirculated (UNC) condition, and features Ugyen Wangchuck. Additionally, the note is TAP Authenticated with a grade of 60-70.

    Variety:
    TAP - UNC
    As low as
    • Price:$19.99 USD
    • EachEa.
    Only 2 left in stock.
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    Bhutan 1 Ngultrum banknote from 2013 has a pick number P-27b, is in uncirculated (UNC) condition, and features dragons and Simtokha Dzong. Additionally, the note is TAP Authenticated.

    Variety:
    TAP - UNC
    As low as
    • Price:$9.99 USD
    • EachEa.
    Only 4 left in stock.
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    Bhutan 5 Ngultrum Banknote from 2015 with a pick number P-28c is in uncirculated (UNC) condition and features DeyNga. Additionally, the note has been TAP authenticated with a grade of 60-70.

    Variety:
    TAP - UNC
    As low as
    • Price:$9.99 USD
    • EachEa.
    Only 8 left in stock.