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$ 1.01||C$ 5.07||C$ 10.14||C$ 101.36||C$ 1,013.57|
|Ireland||€ 0.69||€ 3.47||€ 6.94||€ 69.41||€ 694.12|
|New Zealand||NZ$ 1.09||NZ$ 5.47||NZ$ 10.95||NZ$ 109.45||NZ$ 1,094.53|
|South Africa||R 9.94||R 49.72||R 99.43||R 994.33||R 9,943.30|
|United Kingdom||£ 0.55||£ 2.75||£ 5.50||£ 55.01||£ 550.14|
|United States of America||US$ 0.93||US$ 4.65||US$ 9.29||US$ 92.95||US$ 929.45|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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