500 Ngultrum

Issuer	Royal Monetary Authority of Bhutan
Year	2000
Type	Standard circulation banknote
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Obverse description	Portrait of King Ugyen Wangchuck in traditional ceremonial dress and hat at right, set against an elaborate central guilloche underprint incorporating dragon motifs and ornamental latticework. Denomination numerals appear at upper left and lower right, with Dzongkha script inscriptions across the top and bottom margins. A blank watermark oval is visible at left, flanked by intricate border patterns in multicolour intaglio.
Obverse lettering	༥༠༠
Reverse description	Central vignette of Punakha Dzong, the historic fortress-palace at the confluence of the Mo Chhu and Pho Chhu rivers, rendered in a detailed architectural engraving with surrounding hillside and trees. The issuer's name appears in English along the upper margin, with the denomination in words across the lower portion. A blank watermark circle is positioned at right, and a decorative floral rosette underprint frames the composition.
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