Chhetrum
The Chhetrum (official spelling until 1979: Chetrum ; abbreviation: CH ) is the sub-unit of the Bhutanese currency Ngultrum with 1 Ngultrum = 100 Chhetrum. There are coins of 5, 10, 25 and 50 chhetrums. The name Chetrum (abbreviated CH ) goes back to the Narayani rupee from Cooch Behar .
history
Originally the chetrum was minted to the value of half an Indian rupee . Later, however, it sank to a copper coin worth about one paisa (one hundredth of a rupee).
With the introduction of the decimal currency in 1957, the Bhutanese rupee was divided into 100 Naye Paise.
It was succeeded in 1974 by the Ngultrum , which was divided into 100 Chetrum (Paise). In 1979 the name was changed to Chhetrum.
The Bhutanese currency is still pegged to the Indian rupee at a ratio of 1: 1, which is why one chhetrum corresponds to one Indian paisa.
Web links
- Monetary Authority of Bhutan (English)
Individual evidence
- ↑ Helmut Kahnt, Bernd Knorr: Old dimensions, coins and weights. A lexicon. Bibliographisches Institut, Leipzig 1986, licensed edition Mannheim / Vienna / Zurich 1987, ISBN 3-411-02148-9 , p. 375.
- ↑ a b Brief history of currency of Bhutan. Royal Monetary Authority of Bhutan, accessed October 6, 2016 .
- ^ A b Currency Information Bhutanese Rupee. ExchangeRate.com, accessed October 6, 2016 .
- ^ Official website of Bhutan
- ↑ Frequently Asked Questions. Royal Monetary Authority of Bhutan, accessed October 6, 2016 .