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$ 0.94||C$ 4.71||C$ 9.41||C$ 94.12||C$ 941.16|
|Ireland||€ 0.63||€ 3.13||€ 6.26||€ 62.63||€ 626.26|
|New Zealand||NZ$ 1.12||NZ$ 5.58||NZ$ 11.17||NZ$ 111.65||NZ$ 1,116.55|
|South Africa||R 9.45||R 47.24||R 94.48||R 944.77||R 9,447.68|
|United Kingdom||£ 0.46||£ 2.28||£ 4.57||£ 45.67||£ 456.69|
|United States of America||US$ 0.71||US$ 3.54||US$ 7.09||US$ 70.89||US$ 708.92|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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