1 Ngultrum

Issuer	Royal Monetary Authority of Bhutan
Year	1986-1990
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Currency	Ngultrum (1974-date)
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Obverse description	Blue on multicolour underprint. The royal emblem is positioned at centre, flanked by two inward-facing Druk (thunder dragons) in mirror arrangement. Guilloche patterns form the underprint across the note field.
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Protection type	Watermark
Protection description	Text watermark reading ROYAL MONETARY AUTHORITY
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