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50 Ngultrum Year of the Horse
| Issuer | Royal Monetary Authority of Bhutan |
|---|---|
| Year | 2014 |
| Type | Non-circulating coin |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin, Tibetan |
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| Reverse script | Latin |
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| Additional information |
Bhutan's Royal Monetary Authority has issued a long-running series of small-format gold pieces tied to the Tibetan-Buddhist lunar calendar, of which this Year of the Horse issue is one. The horse year in question — 2014 — corresponds to the Wood Horse year in that cycle, considered particularly auspicious in Bhutanese and broader Himalayan tradition. These pieces circulate almost exclusively as gift and collectible items; the ngultrum itself is pegged at parity to the Indian rupee, making gold coinage of any denomination purely ceremonial in function.