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Keywords: Bhutan banknotes, Bhutan bank notes, Bhutan paper money

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is closely aligned with India. It has very distinctive notes in keeping with its culture. In the news recently for banning tobacco & smoking tobacco in the country.

Below is our stock of Bhutan paper money / banknotes. Click on the Pick number for a scan.

Buy	SCWPM	The Banknote Book	Prefix / Suffix	Denom	Unit	Year	Grade	Price	Description
	P1a	TBB B101a	F1	1	ngultrum	(1974)	UNC	$ 29.21	Dragon design at left and right. Flowers. Usual staple holes at left from issue. Royal Government of Bhutan. Signature: Wangchuck. Wheel of Dharma. Watermark: Dorje. Printer: India Security press. First prefix F/1. No watermark.
P1a TBB B101a F1 1 ngultrum (1974) UNC $ 29.21 Dragon design at left and right. Flowers. Usual staple holes at left from issue. Royal Government of Bhutan. Signature: Wangchuck. Wheel of Dharma. Watermark: Dorje. Printer: India Security press. First prefix F/1. No watermark.
	P1a	TBB B101a	F1	1	ngultrum	(1974)	aUNC	$ 25.40	Dragon design at left and right. Flowers. Usual staple holes at left from issue. Royal Government of Bhutan. Signature: Wangchuck. Wheel of Dharma. Watermark: Dorje. Printer: India Security press. First prefix F/1. No watermark. Corner fold.
P1a TBB B101a F1 1 ngultrum (1974) aUNC $ 25.40 Dragon design at left and right. Flowers. Usual staple holes at left from issue. Royal Government of Bhutan. Signature: Wangchuck. Wheel of Dharma. Watermark: Dorje. Printer: India Security press. First prefix F/1. No watermark. Corner fold.
	P5a	TBB B105a	A1	1	ngultrum	(1981)	UNC	$ 7.62	Royal emblem between facing dragons at centre. Serial no at upper left & right. Simtokha Dzong Palace. First prefix. Signature: Dorji. No watermark.
P5a TBB B105a A1 1 ngultrum (1981) UNC $ 7.62 Royal emblem between facing dragons at centre. Serial no at upper left & right. Simtokha Dzong Palace. First prefix. Signature: Dorji. No watermark.
	P12a	TBB B201a	A2	1	ngultrum	(1986)	UNC	$ 3.81	Royal emblem between facing dragons. Serial no at lower l & upper r. Simtokha Dzong Palace. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern.
P12a TBB B201a A2 1 ngultrum (1986) UNC $ 3.81 Royal emblem between facing dragons. Serial no at lower l & upper r. Simtokha Dzong Palace. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern.
	P12a	TBB B201a	A4	1	ngultrum	(1986)	UNC	$ 3.81	Royal emblem between facing dragons. Serial no at lower l & upper r. Simtokha Dzong Palace. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern. Scan of another prefix.
P12a TBB B201a A4 1 ngultrum (1986) UNC $ 3.81 Royal emblem between facing dragons. Serial no at lower l & upper r. Simtokha Dzong Palace. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern. Scan of another prefix.
	P12b	TBB B201b	A5	1	ngultrum	(1986)	UNC	$ 3.81	Royal emblem between facing dragons. Serial no at lower l & upper r. Simtokha Dzong Palace. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern. Signature different to P12a. Scan of another prefix.
P12b TBB B201b A5 1 ngultrum (1986) UNC $ 3.81 Royal emblem between facing dragons. Serial no at lower l & upper r. Simtokha Dzong Palace. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern. Signature different to P12a. Scan of another prefix.
	P13a	TBB B202a	B1	2	ngultrum	(1986)	UNC	$ 3.81	Royal emblem between facing dragons. Serial no at lower l & upper r. Paro Dzong Palace on rvs. Signature: Wangchuck Watermark: Royal Monetary Authority pattern.
P13a TBB B202a B1 2 ngultrum (1986) UNC $ 3.81 Royal emblem between facing dragons. Serial no at lower l & upper r. Paro Dzong Palace on rvs. Signature: Wangchuck Watermark: Royal Monetary Authority pattern.
	P14a	TBB B203a	C1	5	ngultram	(1985)	UNC	$ 3.81	Paro Dzong on reverse. Signature: Wangchuck. Printer: De La Rue. No security thread. Watermark: Royal Monetary Authority pattern.
P14a TBB B203a C1 5 ngultram (1985) UNC $ 3.81 Paro Dzong on reverse. Signature: Wangchuck. Printer: De La Rue. No security thread. Watermark: Royal Monetary Authority pattern.
	P15a	TBB B204c	D/4	10	ngultrum	(1994)	UNC	$ 5.08	Jigme Singye Wangchuck, 4th King wearing the Raven Crown. Low serials 00098XX. Paro Rinpung Dzong Palace.Buddhist Monastery & Fortress. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern. Issued by Royal Monetary Authority of Bhutan.
P15a TBB B204c D/4 10 ngultrum (1994) UNC $ 5.08 Jigme Singye Wangchuck, 4th King wearing the Raven Crown. Low serials 00098XX. Paro Rinpung Dzong Palace.Buddhist Monastery & Fortress. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern. Issued by Royal Monetary Authority of Bhutan.
	P15b	TBB B204a		10	ngultrum	(1992)	UNC	$ 5.08	Jigme Singye Wangchuck, 4th King wearing the Raven Crown. Serial no prefix 2 large letters. Paro Rinpung Dzong Palace.Buddhist Monastery & Fortress. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern. Issued by Royal Monetary Authority
P15b TBB B204a 10 ngultrum (1992) UNC $ 5.08 Jigme Singye Wangchuck, 4th King wearing the Raven Crown. Serial no prefix 2 large letters. Paro Rinpung Dzong Palace.Buddhist Monastery & Fortress. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern. Issued by Royal Monetary Authority
	P16a	TBB B205a	E1	20	ngultrum	1986	UNC	$ 9.53	Jihme Dorji Wangchuk. Punakha Dzong Palace at centre. Solid security thread. Signature: Wangchuck. Printer: De La Rue. Watermark: Royal Monetary Authority pattern.
P16a TBB B205a E1 20 ngultrum 1986 UNC $ 9.53 Jihme Dorji Wangchuk. Punakha Dzong Palace at centre. Solid security thread. Signature: Wangchuck. Printer: De La Rue. Watermark: Royal Monetary Authority pattern.
	P16b	TBB B205b	EB	20	ngultrum	(1992)	UNC	$ 6.35	Jihme Dorji Wangchuk. Punakha Dzong Palace at centre. EB series. Printer: Korea Minting and Security Press. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern.
P16b TBB B205b EB 20 ngultrum (1992) UNC $ 6.35 Jihme Dorji Wangchuk. Punakha Dzong Palace at centre. EB series. Printer: Korea Minting and Security Press. Signature: Wangchuck. Watermark: Royal Monetary Authority pattern.
	P17b	TBB B206b	FD	50	ngultrum	(1992)	UNC	$ 7.62	King Jigme Dorji Wangchuk at right. Tongza Dzong on back. FD series. Watermark: Royal Monetary Authority pattern. Solid security thread. Printer: Korea Minting and Security Press.
P17b TBB B206b FD 50 ngultrum (1992) UNC $ 7.62 King Jigme Dorji Wangchuk at right. Tongza Dzong on back. FD series. Watermark: Royal Monetary Authority pattern. Solid security thread. Printer: Korea Minting and Security Press.
	P23a	TBB B212a	E4	20	ngultrum	(2000)	UNC	$ 5.08	Jigme Dorji Wangchuk at right. Punakha Dzong palace at ctr on rvs. E/4. Watermark: Royal Monetary Authority pattern. Printer: De La Rue.
P23a TBB B212a E4 20 ngultrum (2000) UNC $ 5.08 Jigme Dorji Wangchuk at right. Punakha Dzong palace at ctr on rvs. E/4. Watermark: Royal Monetary Authority pattern. Printer: De La Rue.
	P25a	TBB B214a	G4	100	ngultrum	(2000)	UNC	$ 17.15	Portrait of King Jigme Singye Wangchuk at right. Vertical serial number. Counter flicked note.Printer: De La Rue.
P25a TBB B214a G4 100 ngultrum (2000) UNC $ 17.15 Portrait of King Jigme Singye Wangchuk at right. Vertical serial number. Counter flicked note.Printer: De La Rue.
	P27a	TBB B216a	I	1	ngultrum	2006	UNC	$ 3.81	Simtokha Dzong on reverse. Prefix I. Signature: Lyonpo Wangi Norbu. Printer: De La Rue. No watermark. No security thread. Dragons on face. Cotton paper.
P27a TBB B216a I 1 ngultrum 2006 UNC $ 3.81 Simtokha Dzong on reverse. Prefix I. Signature: Lyonpo Wangi Norbu. Printer: De La Rue. No watermark. No security thread. Dragons on face. Cotton paper.
	P27bR	TBB B216br	Z	1	ngultrum	2013	UNC	$ 8.89	Simtokha Dzong on reverse. Prefix I. Polymer hybrid. Printer Giescke & Devrient. Signature:Dasho Daw Tenzin. No watermark. No security thread. Dragons on face. Replacement note - Z.
P27bR TBB B216br Z 1 ngultrum 2013 UNC $ 8.89 Simtokha Dzong on reverse. Prefix I. Polymer hybrid. Printer Giescke & Devrient. Signature:Dasho Daw Tenzin. No watermark. No security thread. Dragons on face. Replacement note - Z.
	P28a	TBB B217a	J	5	ngultram	2006	UNC	$ 2.54	Paro Takstang on back. Mythical bird. Solid security thread. No watermark. Printer: De La Rue. Signature: Lyonpo Wangi Norbu.
P28a TBB B217a J 5 ngultram 2006 UNC $ 2.54 Paro Takstang on back. Mythical bird. Solid security thread. No watermark. Printer: De La Rue. Signature: Lyonpo Wangi Norbu.
	P28b	TBB B217b	J	5	ngultram	2006	UNC	$ 3.18	Paro Takstang on back. Mythical bird. Solid security thread. No watermark. Printer: De La Rue. Signature: Dasho Daw Tenzin.
P28b TBB B217b J 5 ngultram 2006 UNC $ 3.18 Paro Takstang on back. Mythical bird. Solid security thread. No watermark. Printer: De La Rue. Signature: Dasho Daw Tenzin.
	P28c	TBB B217c	J	5	ngultram	2015	UNC	$ 2.86	Paro Takstang on back. Mythical bird. Solid security thread. No watermark. Printer: De La Rue. Signature: Dasho Daw Tenzin.
P28c TBB B217c J 5 ngultram 2015 UNC $ 2.86 Paro Takstang on back. Mythical bird. Solid security thread. No watermark. Printer: De La Rue. Signature: Dasho Daw Tenzin.
	P29a	TBB B218a	K	10	ngultrum	2006	UNC	$ 2.54	King Jigme Dorji Wangchuk at right. Para Dzong palace at centre. K series. Solid security thread. Watermark:Jigme Singye Wangchuck.Signature: Lyonpo Wangi Norbu. Printer: De La Rue.
P29a TBB B218a K 10 ngultrum 2006 UNC $ 2.54 King Jigme Dorji Wangchuk at right. Para Dzong palace at centre. K series. Solid security thread. Watermark:Jigme Singye Wangchuck.Signature: Lyonpo Wangi Norbu. Printer: De La Rue.
	P29b	TBB B218b	K	10	ngultrum	2006	UNC	$ 2.54	King Jigme Dorji Wangchuk at right. Para Dzong palace at centre. K series. Solid security thread. Watermark:Jigme Singye Wangchuck. Signature: Dasho Daw Tenzin. Printer: Giesecke & Devrient.
P29b TBB B218b K 10 ngultrum 2006 UNC $ 2.54 King Jigme Dorji Wangchuk at right. Para Dzong palace at centre. K series. Solid security thread. Watermark:Jigme Singye Wangchuck. Signature: Dasho Daw Tenzin. Printer: Giesecke & Devrient.
	P29bR	TBB B218br	Z	10	ngultrum	2006	UNC	$ 7.62	King Jigme Dorji Wangchuk at right. Para Dzong palace at centre. K series. Polymer hybrid. Solid security thread. Watermark:Jigme Singye Wangchuck. Signature: Dasho Daw Tenzin. Printer: Giesecke & Devrient. Z replacement note.
P29bR TBB B218br Z 10 ngultrum 2006 UNC $ 7.62 King Jigme Dorji Wangchuk at right. Para Dzong palace at centre. K series. Polymer hybrid. Solid security thread. Watermark:Jigme Singye Wangchuck. Signature: Dasho Daw Tenzin. Printer: Giesecke & Devrient. Z replacement note.
	P30a	TBB B219a	L	20	ngultrum	2006	UNC	$ 3.18	Punakha Dzong Palace. King Jigme Dorji Wangchuk. Printer: De La Rue.
P30a TBB B219a L 20 ngultrum 2006 UNC $ 3.18 Punakha Dzong Palace. King Jigme Dorji Wangchuk. Printer: De La Rue.
	P31a	TBB B220a	M	50	ngultrum	2006	UNC	$ 7.62	King Jigme Khesar Namgyel Wangchuk. Tongsa Dzong Palace. M series. Solid security thread. Watermark: Jigme Khesar Namgyel Wangchuk.Printer: De La Rue. Signature: Lyonpo Wangi Norbu.
P31a TBB B220a M 50 ngultrum 2006 UNC $ 7.62 King Jigme Khesar Namgyel Wangchuk. Tongsa Dzong Palace. M series. Solid security thread. Watermark: Jigme Khesar Namgyel Wangchuk.Printer: De La Rue. Signature: Lyonpo Wangi Norbu.
	P31b	TBB B220b	M	50	ngultrum	2013	UNC	$ 7.62	King Jigme Khesar Namgyel Wangchuk. Tongsa Dzong Palace. M series. Solid security thread. Watermark: Jigme Khesar Namgyel Wangchuk. Printer: De La Rue. Signature: Dasho Daw Tenzin.
P31b TBB B220b M 50 ngultrum 2013 UNC $ 7.62 King Jigme Khesar Namgyel Wangchuk. Tongsa Dzong Palace. M series. Solid security thread. Watermark: Jigme Khesar Namgyel Wangchuk. Printer: De La Rue. Signature: Dasho Daw Tenzin.
	P32a	TBB B221a	N	100	ngultrum	2006	UNC	$ 12.70	King Jigme Dorji Wangchuk at right Tashichiho Dzong Palace. Printer: De La Rue.
P32a TBB B221a N 100 ngultrum 2006 UNC $ 12.70 King Jigme Dorji Wangchuk at right Tashichiho Dzong Palace. Printer: De La Rue.
	P33a	TBB B222a	P00	500	ngultrum	2006	UNC	$ 30.48	Signature: Norbu. Printer: De La Rue. Norbu Rimpochhe. Dragons. King Ugyen Wangchuck wearing Raven Crown. Punakja Dzong. Windowed security thread with demetalized RMA500.
P33a TBB B222a P00 500 ngultrum 2006 UNC $ 30.48 Signature: Norbu. Printer: De La Rue. Norbu Rimpochhe. Dragons. King Ugyen Wangchuck wearing Raven Crown. Punakja Dzong. Windowed security thread with demetalized RMA500.
	P34b	TBB B223b	R	1,000	ngultrum	2016	UNC	$ 33.02	Signature: Dasho Penjore. King Jigme Khesar Namgyel Wangchuck wearing Raven crown. Tashichho Dong on back. 4mm wide Rolling star Windowed security thread with demetalized RMA 1000. Printer: Giesecke & Devrient.
P34b TBB B223b R 1,000 ngultrum 2016 UNC $ 33.02 Signature: Dasho Penjore. King Jigme Khesar Namgyel Wangchuck wearing Raven crown. Tashichho Dong on back. 4mm wide Rolling star Windowed security thread with demetalized RMA 1000. Printer: Giesecke & Devrient.
	P35	TBB BNP201	RW	100	ngultrum	2011	UNC	$ 10.16	To commemorate the Royal Wedding of King Jigme Khesar Namgyel Wangchuck & Queen Jetsun Pema. Dragons. Pungtang Dechen Photrang Dzong Palace. Solid security thread. No Watermark. Printer: De La Rue. Signature: Dasho Daw Tenzin.
P35 TBB BNP201 RW 100 ngultrum 2011 UNC $ 10.16 To commemorate the Royal Wedding of King Jigme Khesar Namgyel Wangchuck & Queen Jetsun Pema. Dragons. Pungtang Dechen Photrang Dzong Palace. Solid security thread. No Watermark. Printer: De La Rue. Signature: Dasho Daw Tenzin.
	P35 Fold	TBB BNP201	RW	100	ngultrum	2011	UNC	$ 12.70	To commemorate the Royal Wedding of King Jigme Khesar Namgyel Wangchuck & Queen Jetsun Pema. Dragons. Pungtang Dechen Photrang Dzong Palace. Solid security thread. No Watermark. (TDLR) Signature: Dasho Daw Tenzin.
P35 Fold TBB BNP201 RW 100 ngultrum 2011 UNC $ 12.70 To commemorate the Royal Wedding of King Jigme Khesar Namgyel Wangchuck & Queen Jetsun Pema. Dragons. Pungtang Dechen Photrang Dzong Palace. Solid security thread. No Watermark. (TDLR) Signature: Dasho Daw Tenzin.
	P37Folde	TBB BNP202	RB	100	ngultrum	05/02/2016 (2018)	UNC	$ 15.24	Commemorative note in display folder commemorating the First Birth Anniversary of HRH The Gyalsey. Himalayan Mountains. Dragon. Jewels. King Wangchuck & Queen Jetsen Pema. Printer: (Orell Fussli) Signature: Dasho Penjore.
P37Folde TBB BNP202 RB 100 ngultrum 05/02/2016 (2018) UNC $ 15.24 Commemorative note in display folder commemorating the First Birth Anniversary of HRH The Gyalsey. Himalayan Mountains. Dragon. Jewels. King Wangchuck & Queen Jetsen Pema. Printer: (Orell Fussli) Signature: Dasho Penjore.

NB: Image for identification, the serial number you receive may differ if I have more than one

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