Historic Bhutanese ngultrum Norwegian krone

Bhutanese ngultrum norwegian krone history for January 2024. The highest quote for this month is 0.12703 (17/01/2024) and the lowest 0.12598 (22/01/2024). The difference between high and low is 0.83.

BTN NOK average rate for January 2024 is 0.12501, the change between 01/01/2024 and 31/01/2024 is -2.81 %.

01 January 20241 BTN = 0.1221 NOK
03 January 20241 BTN = 0.1242 NOK
04 January 20241 BTN = 0.1240 NOK
05 January 20241 BTN = 0.1236 NOK
08 January 20241 BTN = 0.1238 NOK
10 January 20241 BTN = 0.1245 NOK
11 January 20241 BTN = 0.1245 NOK
15 January 20241 BTN = 0.1238 NOK
16 January 20241 BTN = 0.1248 NOK
17 January 20241 BTN = 0.1259 NOK
18 January 20241 BTN = 0.1263 NOK
19 January 20241 BTN = 0.1265 NOK
22 January 20241 BTN = 0.1261 NOK
23 January 20241 BTN = 0.1264 NOK
24 January 20241 BTN = 0.1262 NOK
25 January 20241 BTN = 0.1258 NOK
26 January 20241 BTN = 0.1255 NOK
29 January 20241 BTN = 0.1253 NOK
30 January 20241 BTN = 0.1252 NOK
31 January 20241 BTN = 0.1255 NOK

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.

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

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.

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.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

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.

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.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.