Currency · Live data
Bhutanese Ngultrum
BTNBhutan · Issued by Royal Monetary Authority of Bhutan
Price (USD)
$0.010610
Inflation (2024)
+2.76%
10y M2 change
+211%
M69 Score
69.4
INR-pegged 1:1
Market Cap (USD)
$2.48B
via M2 · 2024
M2 (local currency)
233.38B BTN
current LCU
CPI YoY (2024)
+2.76%
World Bank · annual
Country
Bhutan
ISO 4217 · BTN
Last Update
2026-04-25
Daily ingest · 02:00 UTC
Bhutanese Ngultrum M2 money supply
Broad money in BTN (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.
Bhutanese Ngultrum inflation history
Annual CPI YoY since 2001 — World Bank consumer price index for Bhutan. Inflation volatility is one of three inputs into the Money2069 sound-money score.
Purchasing power calculator
How much would your Bhutanese Ngultrum be worth today if you'd held it since…?
100 BTN in 2001 buys today
8.88 BTNworth of goods
Lost 91% of purchasing power since 2001.
To match 2001 purchasing power, you need today
1,126.62 BTN
46 years of cumulative inflation.
Calculation: cumulative product of (1 + CPI YoY) from the chosen year through 2024. Source: World Bank consumer price index (annual). Daily-refreshed.
Data sources & methodology
- FX (USD):
- Frankfurter / ECB · daily
- CPI YoY:
- World Bank FP.CPI.TOTL.ZG · annual
- M2 broad money:
- World Bank FM.LBL.BMNY.CN · annual (LCU)
- Market cap (USD):
- M2 / FX rate · daily
- 10-year M2 change:
- (M2 today / M2 10y ago) − 1
- M69 score:
- Weighted: CPI (50%), 10y M2 growth (40%), 1y FX stability (10%)
- Last fetched:
- 2026-04-25 16:12:55
- Country code (ISO 3166-1):
- BTN
Note: INR-pegged 1:1
Raw data: /api/v1/currencies/current/BTN
Frequently asked questions
Who issues the Bhutanese Ngultrum?+
The Bhutanese Ngultrum (BTN) is issued by Royal Monetary Authority of Bhutan. As the monetary authority for Bhutan, it sets policy interest rates, manages foreign reserves, and controls the money supply.
What is the inflation rate of the Bhutanese Ngultrum?+
Latest available consumer price inflation for the Bhutanese Ngultrum: 2.76% YoY (2024). Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.
Has the Bhutanese Ngultrum been debased?+
Every fiat currency loses purchasing power over time as central banks expand the money supply. M2 has grown by approximately 211% over the past decade. Combined with cumulative inflation, this is the gap between BTN as accounting unit and BTN as a store of value.
Is the Bhutanese Ngultrum sound money?+
On the Money2069 0–100 sound-money scale, the Bhutanese Ngultrum currently scores 69.4. The score weights inflation volatility, 10-year money-supply growth, and 1-year FX stability. Higher = closer to sound. No fiat scores 100 because no fiat has zero issuance.
How does the Bhutanese Ngultrum compare to gold or the US dollar?+
Use the table on the listing page to sort all 138 tracked currencies by inflation, 10-year M2 change, or M69 score. Pegged currencies (USD-pegged dirham, riyal, etc.) inherit the dollar's debasement profile; floating currencies tell their own story.
How often is this data updated?+
We pull fresh exchange rates daily from Frankfurter (ECB-sourced) and refresh the inflation series from the World Bank. The page is statically rendered with 24-hour ISR. Source data is publicly accessible via our /api/v1/currencies endpoints.