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
|AUD 1||AUD 5||AUD 10||AUD 100||AUD 1,000|
|Australia||AUD 1.00||AUD 5.00||AUD 10.00||AUD 100.00||AUD 1,000.00|
|Canada||CAD 0.99||CAD 4.94||CAD 9.89||CAD 98.86||CAD 988.62|
|Ireland||EUR 0.64||EUR 3.21||EUR 6.43||EUR 64.27||EUR 642.73|
|New Zealand||NZD 1.07||NZD 5.33||NZD 10.67||NZD 106.67||NZD 1,066.72|
|South Africa||ZAR 11.71||ZAR 58.53||ZAR 117.07||ZAR 1,170.67||ZAR 11,706.66|
|United Kingdom||GBP 0.48||GBP 2.41||GBP 4.82||GBP 48.19||GBP 481.92|
|United States of America||USD 0.70||USD 3.49||USD 6.98||USD 69.79||USD 697.93|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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