23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial
The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.
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.
10/04/2018: Revaluation of the Iranian Rial
Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.
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.
24/09/2012: Imposition of International Sanctions on Iran
International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).
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.
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.
24/05/1989: Introduction of the Two-Tier Exchange Rate System
Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.
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.
26/10/1975: Floating of the Iranian Rial
The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.
31/05/1974: Introduction of the Bhutanese Ngultrum
The Bhutanese Ngultrum was introduced as the official currency of Bhutan to replace the Indian Rupee.
01/09/1957: Decimalization of the Iranian Rial
The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.
01/04/1932: Introduction of the Iranian Rial
The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.