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1500 Ngultrums Year of the Dog

Issuer Royal Monetary Authority of Bhutan
Year 2006
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Value 1500 Ngultrums
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Reverse script Latin
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Edge Reeded
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Additional information

Bhutan adopted the ngultrum as its national currency in 1974, pegged at par to the Indian rupee — a relationship that remains in force today and reflects the country's close economic integration with its larger neighbor. The Royal Monetary Authority has issued collector-oriented silver pieces since the 1970s, and by the 2000s these large-format issues were produced almost entirely for the international numismatic market rather than domestic circulation.

The 2006 Year of the Dog places this coin within Bhutan's ongoing series tied to the Tibetan-Buddhist lunar calendar, which holds genuine cultural significance in the kingdom rather than serving purely as a marketing hook for foreign buyers.

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