Convert Bhutanese Ngultrum to Chinese Yuan (Offshore)
Please provide values below to convert Bhutanese Ngultrum [BTN] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Bhutanese Ngultrum.
How to Convert Bhutanese Ngultrum to Chinese Yuan (Offshore)
1 BTN = 12.0453560814661 CNH
Example: convert 15 BTN to CNH:
15 BTN = 15 × 12.0453560814661 CNH = 180.680341221992 CNH
Bhutanese Ngultrum to Chinese Yuan (Offshore) Conversion Table
| Bhutanese Ngultrum | Chinese Yuan (Offshore) |
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Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.