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.
23/06/2016: Brexit Referendum
The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.
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.
31/12/1999: Establishment of the Euro
The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.
16/09/1992: Black Wednesday
The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).
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.
14/02/1971: Decimalization of the Pound
The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.
06/12/1921: Currency Separation with Ireland
Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.
21/12/1816: Gold Standard Introduced
The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.
27/07/1694: Bank of England Established
The Bank of England was founded and granted a royal charter, becoming the central bank of England.