What is the official currency of the Kingdom of Bhutan, pegged at par (1:1) with the Indian Rupee?

Answer and explanation

Correct answer: A. Bhutanese Ngultrum (BTN)

  1. Step 1: The Ngultrum was introduced in 1974, replacing the Bhutanese rupee at par.
  2. Step 2: Under economic cooperation agreements, the Ngultrum is pegged 1:1 with the Indian Rupee, and both currencies circulate freely alongside each other in Bhutan.
Answer
Bhutanese Ngultrum (BTN)
Why not the others: 'Nepalese Rupee' is the currency of Nepal (pegged at 1.6:1 with INR); 'Bangladeshi Taka' is the currency of Bangladesh; 'Tibetan Mohar' is an obsolete historicalone-dollar coin.

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