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Ngultrum
The ngultrum (; dz, དངུལ་ཀྲམ , Currency symbol, symbol: Nu., ISO 4217, code: BTN) is the currency of the Bhutan, Kingdom of Bhutan. It can be literally translated as 'silver' for ''ngul'' and 'coin' for ''trum''. It is subdivided into 100 chhertum ( dz, ཕྱེད་ཏམ , spelled as ''chetrums'' on coins until 1979). The Royal Monetary Authority of Bhutan, the central bank of Bhutan is the List of mints, minting authority of the ngultrum banknotes and coins. The ngultrum is currently Pegged exchange rate, pegged to the Indian rupee at parity. History Until 1789, the coins of the Cooch Behar mint circulated in Bhutan. Following this, Bhutan began issuing its own coins known as ''chetrum'', mostly silver rupees. Hammered silver and copper coins were the only types issued until 1929, when modern style silver rupee coins were introduced, followed by bronze 1 paisa in 1931 (dated 1928). Nickel rupee coins were introduced in 1950. While the Cooch Behar mint co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Monetary Authority Of Bhutan
The Royal Monetary Authority of Bhutan ( dz, བྲུག་རྒྱལ་གཞུང་དངུལ་ལས་དབང་འཛིན་) is the central bank of Bhutan and is a member of the Asian Clearing Union. It is also the Mint (coin), minting authority for the Bhutanese Ngultrum. The Royal Monetary Authority of Bhutan was established under the Royal Monetary Authority of Bhutan Act of 1982. Subsequently, the Act of 1982 was amended by the Financial Institutions Act of 1992 and replaced in its entirety by the Royal Monetary Authority Act of 2010. History The Royal Monetary Authority was established in 1982. The following year, it took on the responsibilities of issuing Bhutanese Ngultrum, Bhutanese currency, managing external reserves, and operating foreign exchanges. In 1988, the Authority assumed the role of government banker, holding the bulk of government deposits and providing financing. With the passage of the Financial Institutions Act of 1992, the substantive f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bhutan 1 Ngultrum Back 50 Percent
Bhutan (; dz, འབྲུག་ཡུལ་, Druk Yul ), officially the Kingdom of Bhutan,), is a landlocked country in South Asia. It is situated in the Eastern Himalayas, between China in the north and India in the south. A mountain, mountainous country, Bhutan is known as "Druk Yul," or "Land of the Thunder Dragon". Nepal and Bangladesh are located near Bhutan but do not share a land border. The country has a population of over 727,145 and territory of and ranks List of countries and dependencies by area, 133rd in terms of land area and List of countries and dependencies by population, 160th in population. Bhutan is a constitutional monarchy, Constitutional Democratic Monarchy with King as head of state and Prime Minister as head of government. Vajrayana, Mahayana and Vajrayana Buddhism is the state religion and the Je Khenpo is the head of state religion. The subalpine Himalayas, Himalayan mountains in the north rise from the country's lush subtropical plains in the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bhutan 1 Ngultrum
Bhutan (; dz, འབྲུག་ཡུལ་, Druk Yul ), officially the Kingdom of Bhutan,), is a landlocked country in South Asia. It is situated in the Eastern Himalayas, between China in the north and India in the south. A mountainous country, Bhutan is known as "Druk Yul," or "Land of the Thunder Dragon". Nepal and Bangladesh are located near Bhutan but do not share a land border. The country has a population of over 727,145 and territory of and ranks 133rd in terms of land area and 160th in population. Bhutan is a Constitutional Democratic Monarchy with King as head of state and Prime Minister as head of government. Mahayana and Vajrayana Buddhism is the state religion and the Je Khenpo is the head of state religion. The subalpine Himalayan mountains in the north rise from the country's lush subtropical plains in the south. In the Bhutanese Himalayas, there are peaks higher than above sea level. Gangkhar Puensum is Bhutan's highest peak and is the highest un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bhutan
Bhutan (; dz, འབྲུག་ཡུལ་, Druk Yul ), officially the Kingdom of Bhutan,), is a landlocked country in South Asia. It is situated in the Eastern Himalayas, between China in the north and India in the south. A mountainous country, Bhutan is known as "Druk Yul," or "Land of the Thunder Dragon". Nepal and Bangladesh are located near Bhutan but do not share a land border. The country has a population of over 727,145 and territory of and ranks 133rd in terms of land area and 160th in population. Bhutan is a Constitutional Democratic Monarchy with King as head of state and Prime Minister as head of government. Mahayana and Vajrayana Buddhism is the state religion and the Je Khenpo is the head of state religion. The subalpine Himalayan mountains in the north rise from the country's lush subtropical plains in the south. In the Bhutanese Himalayas, there are peaks higher than above sea level. Gangkhar Puensum is Bhutan's highest peak and is the high ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Bhutan
Bank of Bhutan (BoB) is the largest and oldest commercial bank in Bhutan. It was established under the provision of the royal charter of May 1968. It was also the only central bank before the Royal Monetary Authority of Bhutan in 1982. It is registered under the Companies Act of Bhutan, 2000 as a public sector commercial bank. Developments and Presence Being the largest commercial bank in Bhutan, it has its presence in every Dzongkhang or districts with over 47 branches all over Bhutan. Bank of Bhutan also introduced ATMs, Point of Sales and Internet Banking services in the country. As of July 1, 2017, the bank's assets reached 47.7 million Ngultrum (about US$750 thousand). 55% of them consist of loans, primarily consumer loans to the population and mortgages. The bank remains the largest bank in the kingdom. It accounts for 41% of deposits and 32% of loans to the economy. Investments The owners of Bank of Bhutan are Druk Holding & Investments Ltd. , which owns 80% of the aut ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bhutanese Ngultrum-dz
Bhutanese may refer to: * Something of, or related to Bhutan * Dzongkha, the official national language of Bhutan (sometimes called "Bhutanese") * A person from Bhutan, or of Bhutanese descent, see Demographics of Bhutan * Bhutanese culture * Bhutanese cuisine * ''The Bhutanese'', a weekly newspaper in Bhutan See also *Bhutani (other) Bhutani may refer to: * Bhutani tribe, a tribe of the Baloch people of Pakistan * Bhutani language, a misnomer for several languages: ** Bhotia language or Sherpa language ** Bhutia language or Sikkimese language ** Dzongkha, the official language ... * * :Bhutanese people {{disambiguation Language and nationality disambiguation pages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetization
Monetization ( also spelled monetisation) is, broadly speaking, the process of converting something into money. The term has a broad range of uses. In banking, the term refers to the process of converting or establishing something into legal tender. While it usually refers to the coining of currency or the printing of banknotes by central banks, it may also take the form of a promissory currency. The term "monetization" may also be used informally to refer to exchanging possessions for cash or cash equivalents, including selling a security interest, charging fees for something that used to be free, or attempting to make money on goods or services that were previously unprofitable or had been considered to have the potential to earn profits. And data monetization refers to a spectrum of ways information assets can be converted into economic value. Another meaning of "monetization" denotes the process by which the U.S. Treasury accounts for the face value of outstanding coinage. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simtokha Dzong
Simtokha Dzong ('dzong' means "castle-monastery") also known as Sangak Zabdhon Phodrang (Bhutanese language meaning: "Palace of the Profound Meaning of Secret Mantras") is a small dzong. It was built in 1629 by Zhabdrung Ngawang Namgyal, who unified Bhutan. It is the first of its kind built in Bhutan. An important historical monument and former Buddhist monastery, today it houses one of the premier Dzongkha language learning institutes. It recently underwent renovation. Location The dzong is at strategic security location on a prominent ridge vis-a-vis the Thimphu valley and approach roads to the Dochula Pass and eastern Bhutan. The Simtokha is located about south of the Bhutanese capital of Thimphu. History The Simtoka Dzong, built in 1629 by Zhabdrung Ngawang Namgyal, functions as a monastic and administrative centre and is the oldest dzong which has survived in its original form; Namgyal brought into vogue, for the first time in Bhutan, this concept of the "dzong" as castle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dorje
The Vajra () is a legendary and ritual weapon, symbolising the properties of a diamond (indestructibility) and a thunderbolt (irresistible force). The vajra is a type of club with a ribbed spherical head. The ribs may meet in a ball-shaped top, or they may be separate and end in sharp points with which to stab. The vajra is the weapon of Indra, the Vedic king of the devas and heaven. It is used symbolically by the dharmic traditions of Hinduism, Buddhism, and Jainism, often to represent firmness of spirit and spiritual power. According to Hinduism, the vajra is considered one of the most powerful weapons in the universe. The use of the vajra as a symbolic and ritual tool spread from Hinduism to other religions in India and other parts of Asia. Etymology According to Asko Parpola, the Sanskrit () and Avestan both refer to a weapon of the Godhead, and are possibly from the Proto-Indo-European root ''*weg'-'' which means "to be(come) powerful". It is related to Proto- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Bhutan
The Government of Bhutan has been a constitutional monarchy since 18 July 2008. The King of Bhutan is the head of state. The executive power is exercised by the Lhengye Zhungtshog, or council of ministers, headed by the Prime Minister. Legislative power is vested in the bicameral Parliament, both the upper house, National Council, and the lower house, National Assembly. A royal edict issued on April 22, 2007 lifted the previous ban on political parties in anticipation of the National Assembly elections in the following year. In 2008, Bhutan adopted its first modern Constitution, codifying the institutions of government and the legal framework for a democratic multi-party system. Sovereignty Bhutanese external relations and foreign policies were put under British control following the 1910 Treaty of Punakha. However, due to the policy of self-imposed isolationism, the effect of the treaty was limited to an extent. After Indian independence in 1949, Bhutan and India agree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
