Historic Bhutanese ngultrum Icelandic Krona

Bhutanese ngultrum icelandic krona history for February 2024. The highest quote for this month is 1.6733 (08/02/2024) and the lowest 1.6644 (14/02/2024). The difference between high and low is 0.53.

BTN ISK average rate for February 2024 is 1.65574, the change between 01/02/2024 and 29/02/2024 is -0.46 %.

01 February 20241 BTN = 1.649 ISK
02 February 20241 BTN = 1.637 ISK
05 February 20241 BTN = 1.654 ISK
06 February 20241 BTN = 1.656 ISK
07 February 20241 BTN = 1.653 ISK
08 February 20241 BTN = 1.655 ISK
09 February 20241 BTN = 1.659 ISK
12 February 20241 BTN = 1.652 ISK
13 February 20241 BTN = 1.654 ISK
14 February 20241 BTN = 1.668 ISK
15 February 20241 BTN = 1.665 ISK
16 February 20241 BTN = 1.660 ISK
19 February 20241 BTN = 1.658 ISK
20 February 20241 BTN = 1.658 ISK
21 February 20241 BTN = 1.651 ISK
26 February 20241 BTN = 1.657 ISK
27 February 20241 BTN = 1.659 ISK
28 February 20241 BTN = 1.657 ISK
29 February 20241 BTN = 1.656 ISK

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

24/10/2018: 50 Ngultrum commemorative banknote issued

A special commemorative banknote of 50 Ngultrum was issued to celebrate the 50th Birth Anniversary of His Majesty Jigme Khesar Namgyel Wangchuck.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

28/10/2013: 1000 Ngultrum banknote issued

A new denomination of 1000 Ngultrum banknote was introduced, reflecting the growing economy and need for larger denomination currency.

09/06/2011: Second series of Ngultrum banknotes issued

The second series of Bhutanese Ngultrum banknotes were issued, featuring improved security features and updated designs representing Bhutan's unique culture.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

21/11/2006: Introduction of polymer banknotes

Polymer banknotes were introduced in Bhutan, replacing the older paper banknotes, to enhance durability and security of the currency.

04/03/1992: First series of Ngultrum banknotes issued

The first series of Bhutanese Ngultrum banknotes were issued in denominations of 1, 5, 10, 20, 50, and 100 Ngultrum, showcasing Bhutanese culture and landmarks.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

31/12/1975: Establishment of the Royal Monetary Authority of Bhutan

The Royal Monetary Authority of Bhutan was established as the central bank of Bhutan, responsible for managing the Ngultrum currency.

31/05/1974: Introduction of the Bhutanese Ngultrum

The Bhutanese Ngultrum was introduced as the official currency of Bhutan to replace the Indian Rupee.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.