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500 Ngultrum Year of the Rabbit

Issuer Royal Monetary Authority of Bhutan
Year 2023
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Value 500 Ngultrums
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Obverse script Latin
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Edge Reeded
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Additional information

Bhutan's lunar series coins are struck under the authority of the Royal Monetary Authority, established in 1982 as the kingdom's central bank — relatively late for a sovereign issuing institution. The Year of the Rabbit holds particular significance in Bhutanese Buddhism, associated with the Buddha's birth year in traditional Tibetan-influenced calendrical reckoning, which gives these issues a domestic religious resonance that purely commercial bullion programs rarely carry.

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