Product Description
SCWPM.#14b - TBB.#B203b - Date: ND (1994)Grade: Unc. - Signature: 2
Description: Colour: Brown. - Front: Royal emblem flnked by bja tshering, the mythical bird of long life.
Back: Paro Rinpung Dzong, Buddhist monastery and fortress.
No security thread.
Watermark: ROYAL MONETARY AUTHORITYpattern.
Printer: (TDLR). - Size: 130 x 62 mm. - Material: Paper.
General information: Royal Monetary Authority of Bhutan
On 4 August 1982, the Royal Monetary Authority of Bhutan Act was enacted. Immediately thereafter, Her Royal Highness Ashi Sonam Choden Wangchuck, Representative of His Majesty in the Ministry of Finance, was appointed as the RMAs first chairman, while the current minister of work and housing, Lyonpo Yeshey Zimba, became the RMAs first managing director.
Initially various central banking functions remained with the Ministry of Finance, but over time these responsibilities gradually shifted to the RMA.
On 1 November 1983, the RMA began actual operations by taking over the liability of notes and coins previously issued by the Ministry of Finance.
The RMA also took physical possession of the governments stock of unissued notes and coins.
Source: The Banknotebook.
