Bhutan's lunar series issues of the 1990s were produced primarily for the collector export market, with the Royal Monetary Authority leveraging international interest in both Himalayan numismatics and Chinese zodiac themes simultaneously. The Year of the Horse fell in 1990 by the Chinese calendar, making this 1996 striking a retrospective commemorative rather than a year-of-issue piece.
Bhutan's lunar series issues of the 1990s were produced primarily for the collector export market, with the Royal Monetary Authority leveraging international interest in both Himalayan numismatics and Chinese zodiac themes simultaneously. The Year of the Horse fell in 1990 by the Chinese calendar, making this 1996 striking a retrospective commemorative rather than a year-of-issue piece.