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$ 0.98||C$ 4.92||C$ 9.85||C$ 98.49||C$ 984.88|
|Ireland||€ 0.72||€ 3.60||€ 7.19||€ 71.92||€ 719.18|
|New Zealand||NZ$ 1.03||NZ$ 5.15||NZ$ 10.29||NZ$ 102.92||NZ$ 1,029.21|
|South Africa||R 9.36||R 46.78||R 93.55||R 935.54||R 9,355.38|
|United Kingdom||£ 0.53||£ 2.65||£ 5.29||£ 52.93||£ 529.29|
|United States of America||US$ 0.79||US$ 3.94||US$ 7.87||US$ 78.73||US$ 787.28|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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