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(Currencies) the standard monetary unit of Bhutan, divided into 100 chetrum


(əŋˈgʌl trəm)

the basic monetary unit of Bhutan, introduced in 1973.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.ngultrum - the basic unit of money in Bhutan
Bhutanese monetary unit - monetary unit in Bhutan
chetrum - 100 chetrums equal 1 ngultrum in Bhutan
References in periodicals archive ?
Under this scheme the non-resident Bhutanese can open Non-Resident Bhutanese Foreign Currency Account and Non-Resident Bhutanese Ngultrum Account.
The case with Bhutan is different because Indian Rupee is a legal tender and the Bhutanese Ngultrum has been pegged at par to the Indian Rupee since its first issue in 1974.
Three variants of the e2o have been launched in Bhutan, priced at Rs 6.99 lakh Ngultrum, 7.99 lakh Ngultrum and 8.39 lakh Ngultrum (The Bhutanese Ngultrum or BTN is equivalent in value to the Indian Rupee).