The local currency is the ngultrumbut, subdivided into 100 chhertum. The currency is pegged to the Indian rupee on scale of 1:1. The ngultrumbut was only introduced in 1974 before which the country had no currency, relying on a system of bartering to acquire goods. US Dollars and Travellers Cheques can be exchanged at banks and large hotels. Visa and Mastercard are not widely accepted.
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