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| 表面の銘文 | KINGDOM OF BHUTAN 1996 1996 |
| 裏面の説明 | The reverse presents a dynamic depiction of a downhill skier in forward-racing stance, helmeted and clad in athletic attire, holding an Olympic torch aloft in the right hand while descending on skis, rendered in high relief against a proof-quality mirror field. The legend OLYMPIC GAMES 1998 arcs along the upper left periphery, commemorating the XVIII Winter Olympic Games held in Nagano, Japan. The denomination 200 NGULTRUM is inscribed in two lines to the lower right of the central device in bold Latin characters. |
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| 追加情報 |
Bhutan's 1996 Olympic commemorative program was part of a broader wave of small-nation issues that flooded the collector market throughout the 1990s, produced primarily for export revenue rather than domestic circulation. The Royal Monetary Authority commissioned several such pieces during this period, targeting foreign buyers through coin dealers and philatelic agencies rather than any Bhutanese retail channel.
The .500 fine silver specification — half the purity of standard commemorative silver — kept production costs low, a common choice for issues where profit margin on the collector premium was the primary objective.