Catalog
500 Ngultrum
| Issuer | Royal Monetary Authority of Bhutan |
|---|---|
| Year | 2025 |
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| Composition | Log in to see details |
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| Printer | De La Rue (Thomas de la Rue; Thomas De La Rue & Co.; TDLR), London, United Kingdom (1821-date) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Central vignette presents the Punakha Dzong against a multicolored guilloche underprint in violet and orange tones, with the state seal of Bhutan positioned to the left. Two Bhutan Glory butterflies appear in the lower right corner, while a vertical holographic security strip bearing a dragon motif runs along the right edge, accompanied by a transparent polymer window with a scalloped floral border. |
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| Protection description | Shadow watermark image of King Jigme Khesar Namgyel Wangchuck; vertical holographic strip with dragon motif on reverse right side; transparent polymer window with scalloped floral border |
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| Comments |
Bhutan's first polymer note in the 500 Ngultrum denomination, issued in 2025. De La Rue's polymer substrate — distinct from the Guardian platform used by some other issuers — incorporates a transparent window as a native structural feature rather than an applied element, which changes how the security architecture is built into the note from the outset. The Royal Monetary Authority has issued polymer denominations before, but each new addition to the series reflects incremental upgrades in the security specification agreed with TDLR at the time of contract.