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200 Ngultrum Year of the Horse
| Issuer | Royal Monetary Authority of Bhutan |
|---|---|
| Year | 2026 |
| Type | Non-circulating coin |
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|---|---|
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| Reverse description | A finely detailed lunar horse, symbolising prosperity, freedom, and spiritual enlightenment, is depicted in dynamic profile within the central field, its body adorned with traditional Bhutanese decorative swirls, cloud motifs, and floral elements evoking the natural landscape of the kingdom. The date 2026 and the legend YEAR OF THE DRAGON appear in the field, accompanied by the denomination NU. 200 and the purity statement 1 OZ 999 FINE SILVER, all rendered in Latin characters. |
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| Edge | Reeded |
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| Additional information |
Bhutan's lunar series issues are produced under the Royal Monetary Authority, established in 1982 as the kingdom's first central bank — prior to that, currency matters were handled directly through the royal government with no independent monetary institution. The Horse holds particular significance in Bhutanese Buddhist tradition as one of the Lungta, or "Wind Horse," a symbol tied to the prayer flag tradition practiced across the Himalayan Buddhist world.
The 2026 lunar year begins in February, making this a forward-dated issue struck well ahead of the actual Year of the Horse.