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 0.98||CAD 4.92||CAD 9.84||CAD 98.35||CAD 983.51|
|Ireland||EUR 0.70||EUR 3.50||EUR 6.99||EUR 69.92||EUR 699.20|
|New Zealand||NZD 1.04||NZD 5.18||NZD 10.35||NZD 103.54||NZD 1,035.40|
|South Africa||ZAR 9.61||ZAR 48.06||ZAR 96.12||ZAR 961.20||ZAR 9,611.98|
|United Kingdom||GBP 0.60||GBP 3.00||GBP 5.99||GBP 59.95||GBP 599.47|
|United States of America||USD 0.74||USD 3.68||USD 7.36||USD 73.60||USD 736.00|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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