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100 Ngultrum Year of the Horse

Issuer Royal Monetary Authority of Bhutan
Year 2014
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Diameter 11 mm
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Obverse description The Bhutanese national emblem — featuring two intertwined druk (thunder dragons) facing each other and clutching a jewel, centred on a double vajra (dorje) within an ornate floral and foliate surround — occupies a raised central circle. The legend KINGDOM OF BHUTAN arcs along the upper periphery in Latin characters, while the Dzongkha inscription འབྲུག་ཡུལ༎ (Land of the Dragon) appears in Tibetan script along the lower periphery. The date is expressed bilingually in the field flanking the central device, with the Dzongkha numeral form ༢༠༡༤ to the left and the Arabic numeral 2014 to the right.
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Reverse script Latin
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Additional information

Bhutan's lunar series issues are struck in limited quantities for the collector market, with distribution handled almost entirely through overseas numismatic agents rather than domestic circulation. The Royal Monetary Authority has used these small-format gold pieces since the 1990s as a modest foreign exchange vehicle — collectible exports in a country with few such options.

The 2014 Horse year aligns with the Tibetan-influenced Bhutanese calendar, where the lunar cycle carries religious significance tied to the country's Vajrayana Buddhist institutions.

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