When it comes to the basic unit of currency for Bhutan, the answer is the Bhutanese Ngultrum. The Ngultrum is denoted by the symbol 'Nu' and has the currency code BTN. It is the legal tender and official currency of Bhutan, a landlocked country located in the eastern Himalayas.

The Ngultrum was first introduced in 1974, replacing the Indian Rupee as Bhutan's currency. Prior to that, Bhutan used various forms of currencies, including cowrie shells and silver coins. The introduction of the Ngultrum aimed to establish Bhutan's monetary independence.

The Ngultrum is subdivided into 100 chhertum. However, due to its low value, chhertum coins are rarely used in circulation. Instead, the Ngultrum is available in various denominations of banknotes, including 1, 5, 10, 20, 50, 100, 500, and 1000 Nu. These banknotes depict various significant aspects of Bhutanese culture, such as the unique architecture, flora, fauna, and historical figures.

Since 1974, the Royal Monetary Authority of Bhutan has been responsible for issuing and regulating the Ngultrum. This central bank ensures the stability and integrity of the currency, maintaining its value and controlling inflation. The Ngultrum's exchange rate is pegged to the Indian Rupee, with 1 Nu equal to 1 Indian Rupee.

While the Ngultrum is the official currency of Bhutan, Indian Rupees are also widely accepted and used in many areas of the country. This acceptance is due to the close economic ties and historical connections between Bhutan and India.

When traveling to Bhutan, it is advisable to carry a combination of Ngultrum and Indian Rupees, as some establishments may prefer one currency over the other. Additionally, credit and debit cards are becoming increasingly accepted in larger cities and tourist areas.

In conclusion, the basic unit of currency for Bhutan is the Bhutanese Ngultrum, denoted by the symbol 'Nu'. As Bhutan's official currency, it plays a vital role in the country's economic stability and independence. Whether exploring the stunning landscapes or experiencing the unique culture of Bhutan, make sure to have some Ngultrum in your pocket to fully enjoy your journey.

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