Payment System in Bhutan

Bhutan’s payment system is characterized by a blend of traditional practices and modern financial infrastructure, reflecting the country’s unique cultural and economic landscape. The Bhutanese Ngultrum (BTN) serves as the official currency, and its stability is maintained through a peg to the Indian Rupee.

In urban centers, modern payment methods like credit and debit cards are gaining popularity, especially in businesses frequented by tourists. Bhutan also has a developing online payment ecosystem, allowing for electronic transactions and fund transfers. Financial institutions, including the Bank of Bhutan and the Bhutan National Bank, play a crucial role in facilitating these digital transactions.

However, traditional payment methods persist in many areas, particularly in rural settings. Cash transactions and bartering continue to be prevalent, underscoring the importance of preserving Bhutan’s unique cultural practices.