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300 Ngultrums United Nations

Issuer Royal Monetary Authority of Bhutan
Year 1995
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Value 300 Ngultrums
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Reverse description Left-facing bust of Dag Hammarskjold, former Secretary-General of the United Nations, depicted in low relief with upward gaze, his name DAG HAMMARSKJOLD inscribed below in the field. To the right, the large numeral 50 incorporates the United Nations emblem — a world map flanked by olive branches — commemorating the 50th anniversary of the organisation. The circular legend NATIONS UNITED FOR PEACE * 1945-1995 arcs along the upper rim, while the denomination 300 NGULTRUM is inscribed along the lower rim.
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Reverse lettering NATIONS UNITED FOR PEACE * 1945-1995 50 DAG HAMMARSKJOLD 300 NGULTRUM
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Additional information

Bhutan joined the United Nations in 1971, one of the earliest Himalayan nations to do so, and the 1995 issue marks the organization's fiftieth anniversary — a commemorative program that produced hundreds of similar coins from small-nation mints worldwide. The Royal Monetary Authority had been established only in 1982, replacing the Bank of Bhutan in the currency-issuing role, and these silver ngultrum issues of the 1990s were largely collector-market exports rather than pieces intended for domestic circulation.

The ngultrum itself was pegged to the Indian rupee at par, a policy that remains in effect.

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