The rupee was the currency of Bhutan

Bhutan

Bhutan , officially the Kingdom of Bhutan, is a landlocked state in South Asia, located at the eastern end of the Himalayas and bordered to the south, east and west by the Republic of India and to the north by the People's Republic of China...

 until 1974. It was equivalent to the Indian rupee

Indian rupee

The Indian rupee is the official currency of the Republic of India. The issuance of the currency is controlled by the Reserve Bank of India....

. Until 1957, it was subdivided into 64 paisa. Bhutan then followed India

India

India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

 in decimalizing, with the rupee subdivided into 100 naya paisa. The rupee was replaced by the ngultrum

Bhutanese ngultrum

The ngultrum has been the currency of Bhutan since 1974. It is subdivided into 100 chhertum .-History:In 1974, the ngultrum was introduced, replacing the rupee at par...

 at par.

Coins

Until its closure in 1789, the coins of the Cooch Behar

Cooch Behar

Cooch Behar is the district headquarters and the largest city of Cooch Behar District in the Indian state of West Bengal. It is situated in the foothills of the Eastern Himalayas and located at . Cooch Behar is the only planned town in North Bengal region with remnants of royal heritage...

 mint circulated in Bhutan. Following this, Bhutan began issuing its own coins, mostly silver ½ rupees. Hammered silver and copper coins were the only types issued until 1929, when modern style silver ½ rupee coins were introduced, followed by bronze 1 paisa in 1931 (dated 1928). Nickel ½ rupee coins were introduced in 1950. Indian coins circulated alongside Bhutan's own coins to such an extent that, following decimalization in 1957, nine years passed before Bhutan's first issue of coins denominated in naya paisa. These 1966 issues were 25 and 50 naya paisa, together with 1 rupee coins, all struck in cupro-nickel.

External links

http://himalaya.socanth.cam.ac.uk/collections/journals/jbs/pdf/JBS_01_01_04.pdf
http://himalaya.socanth.cam.ac.uk/collections/journals/jbs/pdf/JBS_02_02_03.pdf
http://picasaweb.google.be/Vercrusse/Bhutan_Coins02#