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$ 4.73||C$ 9.45||C$ 94.51||C$ 945.07|
|Ireland||€ 0.67||€ 3.37||€ 6.73||€ 67.32||€ 673.17|
|New Zealand||NZ$ 1.11||NZ$ 5.55||NZ$ 11.11||NZ$ 111.09||NZ$ 1,110.90|
|South Africa||R 9.29||R 46.43||R 92.85||R 928.55||R 9,285.48|
|United Kingdom||£ 0.48||£ 2.41||£ 4.82||£ 48.20||£ 481.96|
|United States of America||US$ 0.74||US$ 3.71||US$ 7.42||US$ 74.23||US$ 742.28|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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