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$ 0.95||C$ 4.75||C$ 9.49||C$ 94.93||C$ 949.28|
|Ireland||€ 0.66||€ 3.31||€ 6.62||€ 66.16||€ 661.56|
|New Zealand||NZ$ 1.09||NZ$ 5.45||NZ$ 10.90||NZ$ 109.05||NZ$ 1,090.47|
|South Africa||R 10.27||R 51.34||R 102.68||R 1,026.81||R 10,268.06|
|United Kingdom||£ 0.47||£ 2.34||£ 4.68||£ 46.78||£ 467.80|
|United States of America||US$ 0.71||US$ 3.56||US$ 7.12||US$ 71.24||US$ 712.35|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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