2 Ngultrum

Features

Issuer	Bhutan
Issuing bank	Royal Monetary Authority of Bhutan (བྲུག་རྒྱལ་གཞུང་དངུལ་ལས་དབང་འཛིན་)
King	Jigme Singye (1972-2006)
Type	Standard circulation banknotes
Years	1986-1990
Value	2 Ngultrums 2 BTN = USD 0.021
Currency	Ngultrum (1974-date)
Composition	Paper
Size	122 × 62 mm
Shape	Rectangular
Number	N# 204522
References	P# 13 Standard Catalog of World Paper Money (10 volumes).

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Obverse

Light brown on multicolor underprint.
Royal emblem between facing dragons at centre.

Scripts: Latin, Tibetan

Reverse

SIMTOKHA DZONG

Scripts: Latin, Tibetan

Lettering:
ROYAL MONETARY AUTHORITY BHUTAN
SIMTOKHA DZONG
2
TWO NGULTRUM

Watermark

"ROYAL MONETARY AUTHORITY"

Signatures

Ashi Sonam Wangchuk (ASW)	Chairman
Dorji Tsering (DT)	Chairman

Printer

De La Rue (Thomas de la Rue; Thomas De La Rue & Co.; TDLR), London, United Kingdom (1821-date)

Comments

UV activity at 365nm:

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Date	Signatures	UNC	References	Frequency
Undetermined
ND (1986-1990)	ASW	$ 1.70	P# 13a Standard Catalog of World Paper Money (10 volumes).	95%
ND (1986-1990)	DT		P# 13b Standard Catalog of World Paper Money (10 volumes).	1.9%

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. Since some users own several versions, the sum may be greater than 100%.

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This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

Past sales

Pictures	Sale	Date	Version	Grade	Sold price
	Katz Auction 178 Lot 113	13 Dec 2025	Undetermined	UNC	USD 5.76 (EUR 5.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 118 Lot 71	23 Mar 2024	Undetermined	UNC	Unsold
© Katz Coins Notes & Supplies Corp.