Catalog
100 Ngultrum
| Issuer | Royal Monetary Authority of Bhutan |
|---|---|
| Year | 2000 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Rectangular |
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| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | དངུལ་ཀྲམ་བརྒྱ། ONE HUNDRED NGULTRUM I PROMISE TO PAY TO THE BEARER THE SUM OF NGULTRUM ONE HUNDRED |
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| Signature(s) | Log in to see details |
| Protection type | Watermark |
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| Comments |
The Royal Monetary Authority of Bhutan was established only in 1982, making the ngultrum itself a relatively young currency. The 2000 issue falls within a period when Bhutan was cautiously expanding its monetary infrastructure while maintaining the Indian rupee as legal tender alongside its own notes — a dual-currency arrangement that limited domestic demand for high-denomination ngultrum and kept actual circulation of this 100-unit note modest by most standards.
Thomas De La Rue's involvement is unsurprising; they held the Bhutanese printing contract across multiple series. For a nation with one of the smallest circulating note populations in Asia, the security specification on this issue is notably lean — watermark only, without the thread or color-shift features De La Rue was fitting into comparable small-nation contracts at the same time.