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Keywords: Bhutan banknotes, Bhutan bank notes, Bhutan paper money

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is closely aligned with India. It has very distinctive notes in keeping with its culture. In the news recently for banning tobacco & smoking tobacco in the country.

Below is our stock of Bhutan paper money / banknotes. Click on the Pick number for a scan.

Buy SCWPM The Banknote Book Prefix / Suffix Denom Unit Year Grade Price Description
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P1a
TBB B101a F1 1 ngultrum (1974) UNC $ 20.15 Dragon design at left and right. Flowers. Usual staple holes at left from issue. Royal Government of Bhutan. Signature: Wangchuck. Wheel of Dharma. Watermark: Dorje. Printer: India Security press. First prefix F/1. No watermark.
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Dragon design at left and right. Flowers. Usual staple holes at left from issue. Royal Government of Bhutan. Signature: Wangchuck. Wheel of Dharma. Watermark: Dorje. Printer: India Security press. First prefix F/1. No watermark.

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P5a
TBB B105a A1 1 ngultrum (1981) UNC $ 5.20 Royal emblem between facing dragons at centre. Serial no at upper left & right. Simtokha Dzong Palace. First prefix. Signature: Dorji. No watermark.
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Royal emblem between facing dragons at centre. Serial no at upper left & right. Simtokha Dzong Palace. First prefix. Signature: Dorji. No watermark.

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P12a
TBB B201a A2 1 ngultrum (1986) UNC $ 3.90 Royal emblem between facing dragons. Serial no at lower l & upper r. Simtokha Dzong Palace. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern.
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Royal emblem between facing dragons. Serial no at lower l & upper r. Simtokha Dzong Palace. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern.

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P12a
TBB B201a A2 1 ngultrum (1986) aUNC $ 3.25 Royal emblem between facing dragons. Serial no at lower left & upper right. Simtokha Dzong Palace. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern.
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Royal emblem between facing dragons. Serial no at lower left & upper right. Simtokha Dzong Palace. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern.

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P13a
TBB B202a B1 2 ngultrum (1986) UNC $ 3.90 Royal emblem between facing dragons. Serial no at lower l & upper r. Paro Dzong Palace on rvs. Signature: Wangchuck Watermark: Royal Monetary Authority pattern.
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Royal emblem between facing dragons. Serial no at lower l & upper r. Paro Dzong Palace on rvs. Signature: Wangchuck Watermark: Royal Monetary Authority pattern.

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P14a
TBB B203a C1 5 ngultram (1985) UNC $ 3.90 Paro Dzong on reverse. Signature: Wangchuck. Printer: De La Rue. No security thread. Watermark: Royal Monetary Authority pattern.
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Paro Dzong on reverse. Signature: Wangchuck. Printer: De La Rue. No security thread. Watermark: Royal Monetary Authority pattern.

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P15b
TBB B204a   10 ngultrum (1992) UNC $ 5.20 Royal emblem at left. J Singye at right. Serial no prefix 2 large letters. Paro Dzong Palace. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern.
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Royal emblem at left. J Singye at right. Serial no prefix 2 large letters. Paro Dzong Palace. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern.

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P16a
TBB B205a E1 20 ngultrum 1986 UNC $ 9.75 Jihme Dorji Wangchuk. Punakha Dzong Palace at centre. Solid security thread. Signature: Wangchuck. Printer: De La Rue. Watermark: Royal Monetary Authority pattern.
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Jihme Dorji Wangchuk. Punakha Dzong Palace at centre. Solid security thread. Signature: Wangchuck. Printer: De La Rue. Watermark: Royal Monetary Authority pattern.

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P16b
TBB B205b EB 20 ngultrum (1992) UNC $ 6.37 Jihme Dorji Wangchuk. Punakha Dzong Palace at centre. EB series. Printer: Korea Minting and Security Press. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern.
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Jihme Dorji Wangchuk. Punakha Dzong Palace at centre. EB series. Printer: Korea Minting and Security Press. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern.

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P17b
TBB B206b FD 50 ngultrum (1992) UNC $ 7.80 King Jigme Dorji Wangchuk at right. Tongza Dzong on back. FD series. Watermark: Royal Monetary Authority pattern. Solid security thread. Printer: Korea Minting and Security Press.
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King Jigme Dorji Wangchuk at right. Tongza Dzong on back. FD series. Watermark: Royal Monetary Authority pattern. Solid security thread. Printer: Korea Minting and Security Press.

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P23a
TBB B212a E4 20 ngultrum (2000) UNC $ 5.20 Jigme Dorji Wangchuk at right. Punakha Dzong palace at ctr on rvs. E/4. Watermark: Royal Monetary Authority pattern. Printer: De La Rue.
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Jigme Dorji Wangchuk at right. Punakha Dzong palace at ctr on rvs. E/4. Watermark: Royal Monetary Authority pattern. Printer: De La Rue.

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P24a
TBB B213a F4 50 ngultrum (2000) UNC $ 7.80 Tongsa Dzong Palace at centre on back. Watermark: Royal Monetary Authority pattern. Printer: De La Rue.
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Tongsa Dzong Palace at centre on back. Watermark: Royal Monetary Authority pattern. Printer: De La Rue.

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P27a
TBB B216a I 1 ngultrum 2006 UNC $ 3.90 Simtokha Dzong on reverse. Prefix I. Signature: Lyonpo Wangi Norbu. Printer: De La Rue. No watermark. No security thread. Dragons on face. Cotton paper.
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Simtokha Dzong on reverse. Prefix I. Signature: Lyonpo Wangi Norbu. Printer: De La Rue. No watermark. No security thread. Dragons on face. Cotton paper.

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P27bR
TBB B216br Z 1 ngultrum 2013 UNC $ 9.10 Simtokha Dzong on reverse. Prefix I. Polymer hybrid. Printer Giescke & Devrient. Signature:Dasho Daw Tenzin. No watermark. No security thread. Dragons on face. Replacement note - Z.
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Simtokha Dzong on reverse. Prefix I. Polymer hybrid. Printer Giescke & Devrient. Signature:Dasho Daw Tenzin. No watermark. No security thread. Dragons on face. Replacement note - Z.

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P28a
TBB B217a J 5 ngultram 2006 UNC $ 5.20 Paro Takstang on back. Mythical bird. Solid security thread. No watermark. Printer: De La Rue. Signature: Lyonpo Wangi Norbu.
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Paro Takstang on back. Mythical bird. Solid security thread. No watermark. Printer: De La Rue. Signature: Lyonpo Wangi Norbu.

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P28c
TBB B217c J 5 ngultram 2015 UNC $ 3.25 Paro Takstang on back. Mythical bird. Solid security thread. No watermark. Printer: De La Rue. Signature: Dasho Daw Tenzin.
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Paro Takstang on back. Mythical bird. Solid security thread. No watermark. Printer: De La Rue. Signature: Dasho Daw Tenzin.

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P29a
TBB B218a K 10 ngultrum 2006 UNC $ 5.20 King Jigme Dorji Wangchuk at right. Para Dzong palace at centre. K series. Solid security thread. Watermark:Jigme Singye Wangchuck.Signature: Lyonpo Wangi Norbu. Printer: De La Rue.
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King Jigme Dorji Wangchuk at right. Para Dzong palace at centre. K series. Solid security thread. Watermark:Jigme Singye Wangchuck.Signature: Lyonpo Wangi Norbu. Printer: De La Rue.

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P29b
TBB B218b K 10 ngultrum 2006 UNC $ 3.90 King Jigme Dorji Wangchuk at right. Para Dzong palace at centre. K series. Solid security thread. Watermark:Jigme Singye Wangchuck. Signature: Dasho Daw Tenzin. Printer: Giesecke & Devrient.
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King Jigme Dorji Wangchuk at right. Para Dzong palace at centre. K series. Solid security thread. Watermark:Jigme Singye Wangchuck. Signature: Dasho Daw Tenzin. Printer: Giesecke & Devrient.

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P29bR
TBB B218br Z 10 ngultrum 2006 UNC $ 9.75 King Jigme Dorji Wangchuk at right. Para Dzong palace at centre. K series. Polymer hybrid. Solid security thread. Watermark:Jigme Singye Wangchuck. Signature: Dasho Daw Tenzin. Printer: Giesecke & Devrient. Z replacement note.
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King Jigme Dorji Wangchuk at right. Para Dzong palace at centre. K series. Polymer hybrid. Solid security thread. Watermark:Jigme Singye Wangchuck. Signature: Dasho Daw Tenzin. Printer: Giesecke & Devrient. Z replacement note.

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P30a
TBB B219a L 20 ngultrum 2006 UNC $ 6.50 Punakha Dzong Palace. King Jigme Dorji Wangchuk. Printer: De La Rue.
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Punakha Dzong Palace. King Jigme Dorji Wangchuk. Printer: De La Rue.

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P31a
TBB B220a M 50 ngultrum 2006 UNC $ 9.10 King Jigme Khesar Namgyel Wangchuk. Tongsa Dzong Palace. M series. Solid security thread. Watermark: Jigme Khesar Namgyel Wangchuk.Printer: De La Rue. Signature: Lyonpo Wangi Norbu.
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King Jigme Khesar Namgyel Wangchuk. Tongsa Dzong Palace. M series. Solid security thread. Watermark: Jigme Khesar Namgyel Wangchuk.Printer: De La Rue. Signature: Lyonpo Wangi Norbu.

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P31b
TBB B220b M 50 ngultrum 2013 UNC $ 7.80 King Jigme Khesar Namgyel Wangchuk. Tongsa Dzong Palace. M series. Solid security thread. Watermark: Jigme Khesar Namgyel Wangchuk. Printer: De La Rue. Signature: Dasho Daw Tenzin.
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King Jigme Khesar Namgyel Wangchuk. Tongsa Dzong Palace. M series. Solid security thread. Watermark: Jigme Khesar Namgyel Wangchuk. Printer: De La Rue. Signature: Dasho Daw Tenzin.

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P32a
TBB B221a N 100 ngultrum 2006 UNC $ 13.00 King Jigme Dorji Wangchuk at right Tashichiho Dzong Palace. Printer: De La Rue.
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King Jigme Dorji Wangchuk at right Tashichiho Dzong Palace. Printer: De La Rue.

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P33a
TBB B222a P00 500 ngultrum 2006 UNC $ 33.80 Signature: Norbu. Printer: De La Rue. Norbu Rimpochhe. Dragons. King Ugyen Wangchuck wearing Raven Crown. Punakja Dzong. Windowed security thread with demetalized RMA500.
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Signature: Norbu. Printer: De La Rue. Norbu Rimpochhe. Dragons. King Ugyen Wangchuck wearing Raven Crown. Punakja Dzong. Windowed security thread with demetalized RMA500.

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P34b
TBB B223b R 1,000 ngultrum 2016 UNC $ 33.80 Signature: Dasho Penjore. King Jigme Khesar Namgyel Wangchuck wearing Raven crown. Tashichho Dong on back. 4mm wide Rolling star Windowed security thread with demetalized RMA 1000. Printer: Giesecke & Devrient.
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Signature: Dasho Penjore. King Jigme Khesar Namgyel Wangchuck wearing Raven crown. Tashichho Dong on back. 4mm wide Rolling star Windowed security thread with demetalized RMA 1000. Printer: Giesecke & Devrient.

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P35 Fold
TBB BNP201 RW 100 ngultrum 2011 UNC $ 11.70 To commemorate the Royal Wedding of King Jigme Khesar Namgyel Wangchuck & Queen Jetsun Pema. Dragons. Pungtang Dechen Photrang Dzong Palace. Solid security thread. No Watermark. (TDLR) Signature: Dasho Daw Tenzin.
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To commemorate the Royal Wedding of King Jigme Khesar Namgyel Wangchuck & Queen Jetsun Pema. Dragons. Pungtang Dechen Photrang Dzong Palace. Solid security thread. No Watermark. (TDLR) Signature: Dasho Daw Tenzin.

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P37Folde
TBB BNP202 RB 100 ngultrum 05/02/2016 (2018) UNC $ 12.35 Commemorative note in display folder commemorating the First Birth Anniversary of HRH The Gyalsey. Himalayan Mountains. Dragon. Jewels. King Wangchuck & Queen Jetsen Pema. Printer: (Orell Fussli) Signature: Dasho Penjore.
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Commemorative note in display folder commemorating the First Birth Anniversary of HRH The Gyalsey. Himalayan Mountains. Dragon. Jewels. King Wangchuck & Queen Jetsen Pema. Printer: (Orell Fussli) Signature: Dasho Penjore.

NB: Image for identification, the serial number you receive may differ if I have more than one

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