Monetary reform started in 1974, coinciding with the coronation of His Majesty the Fourth Druk Gyalpo Jigme Singye Wangchuck. Finance ministry issued the first Ngultrum notes. Before the trade was ...

The Fourth King, His Majesty Jigme Singye Wangchuck had bolder and broader economic vision that was proclaimed in His Coronation speech on 2ndof June in 1974: “The most important task before us at ...