Pronunciation: [bjˌuːtənˈiːz mˈʌnɪtəɹi jˈuːnɪt] (IPA) 
Correct spelling for the English word "Bhutanese Monetary Unit" is [bjˌuːtənˈiːz mˈʌnɪtəɹi jˈuːnɪt], [bjˌuːtənˈiːz mˈʌnɪtəɹi jˈuːnɪt], [b_j_ˌuː_t_ə_n_ˈiː_z m_ˈʌ_n_ɪ_t_ə_ɹ_i j_ˈuː_n_ɪ_t] (IPA phonetic alphabet).
The Bhutanese Monetary Unit refers to the official currency system used in the Kingdom of Bhutan, a landlocked country nestled in the eastern Himalayas. The primary unit of currency in Bhutan is the Ngultrum (BTN), which is further subdivided into smaller units called chhertum.
The Ngultrum serves as the legal tender and is issued by the Royal Monetary Authority of Bhutan, the country's central bank. It was first introduced in 1974, replacing the Indian rupee which had been in circulation until then. The currency is named after a historical Bhutanese currency, called the ngultrum, that was used until the early 20th century.
The Bhutanese Monetary Unit has a fixed exchange rate with the Indian rupee, which means that the value of the Ngultrum is pegged to the Indian currency. The exchange rate is set at parity, maintaining stable economic relations between Bhutan and its neighbor India. This exchange rate arrangement facilitates economic stability and facilitates trade between the two countries.
The Ngultrum is available in both banknotes and coins, with various denominations to accommodate different transactions. The chhertum, on the other hand, is primarily used for accounting purposes and is not widely circulated.
Overall, the Bhutanese Monetary Unit, represented by the Ngultrum, plays a crucial role in the financial transactions within Bhutan and helps maintain economic stability in the country.
