The official currency of Bhutan is the Bhutanese Ngultrum (BTN), represented by the symbol Nu. It is divided into 100 Chetrum (Ch). The Ngultrum was introduced in 1974 and is pegged to the Indian Rupee (INR) at a fixed exchange rate of 1 Nu. = 1 INR.
Banknotes are available in denominations of Nu. 1, 5, 10, 20, 50, 100, 500, and 1000, while coins are issued in denominations of Ch. 5, 10, 20, 25, 50, and Nu. 1. Indian Rupees are widely accepted throughout Bhutan due to the fixed exchange rate.
However, it is recommended to carry smaller denomination INR notes or Bhutanese Ngultrum, as acceptance of higher-value Indian notes may vary depending on the business or location.
There are several banks and authorized money exchange counters in Bhutan where you can exchange major foreign currencies, such as US Dollars, Euros, and Indian Rupees, for Bhutanese Ngultrum (Nu.).
Exchange rates vary depending on market conditions. Since the Bhutanese Ngultrum is pegged to the Indian Rupee at a fixed 1:1 exchange rate, the two currencies hold the same value
Credit and debit cards are accepted at many hotels, restaurants, and shops in major cities such as Thimphu and Paro. However, card acceptance may be limited in smaller towns and remote areas.
It is therefore recommended to carry sufficient cash in Bhutanese Ngultrum (or small-denomination Indian Rupees) for local purchases and travel outside the main tourist destinations.