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$ 0.97||C$ 4.85||C$ 9.71||C$ 97.07||C$ 970.69|
|Ireland||€ 0.69||€ 3.43||€ 6.86||€ 68.58||€ 685.77|
|New Zealand||NZ$ 1.04||NZ$ 5.22||NZ$ 10.44||NZ$ 104.41||NZ$ 1,044.13|
|South Africa||R 9.32||R 46.62||R 93.24||R 932.39||R 9,323.86|
|United Kingdom||£ 0.53||£ 2.67||£ 5.33||£ 53.32||£ 533.24|
|United States of America||US$ 0.81||US$ 4.05||US$ 8.10||US$ 80.97||US$ 809.65|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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