The local currency is the Ngultrumbut subdivided into 100 Chetrums. The currency is pegged to the Indian rupee on scale of 1:1. The Ngultrumbut was only introduced in 1974 before which the country had no currency, relying on a system of bartering to acquire goods. US Dollars and Travellers Cheques can be exchanged at banks and large hotels. Visa and Mastercard are not widely accepted.
Currency Exchange Rates
|A$ 1||A$ 5||A$ 10||A$ 100||A$ 1,000|
|Australia||A$ 1.00||A$ 5.00||A$ 10.00||A$ 100.00||A$ 1,000.00|
|Canada||C$ 0.97||C$ 4.83||C$ 9.67||C$ 96.68||C$ 966.85|
|Ireland||€ 0.70||€ 3.51||€ 7.03||€ 70.29||€ 702.91|
|New Zealand||NZ$ 1.08||NZ$ 5.40||NZ$ 10.80||NZ$ 107.99||NZ$ 1,079.92|
|South Africa||R 9.48||R 47.42||R 94.84||R 948.41||R 9,484.06|
|United Kingdom||£ 0.51||£ 2.55||£ 5.10||£ 51.03||£ 510.33|
|United States of America||US$ 0.80||US$ 4.00||US$ 8.01||US$ 80.08||US$ 800.77|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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