Bhutan 50 Ngultrum 2021 Pick 31c UNC Banknote
The Bhutan 50 Ngultrum 2021 banknote (Pick 31c) is a modern circulation issue produced by the Royal Monetary Authority of Bhutan. It belongs to the current series introduced under the reign of King Jigme Khesar Namgyel Wangchuck, Bhutan’s fifth Dragon King.
The note combines elegant Bhutanese artwork with modern security features and celebrates the country’s monarchy, Buddhist heritage and historic architecture. In UNC (Uncirculated) condition, it is one of the most attractive contemporary banknotes from Asia.
Historical Background
The 50 Ngultrum was first introduced in 2008 and subsequently updated in 2013 and 2021. The 2021 Pick 31c variety bears the signature of Dasho Penjore, Chairman of the Royal Monetary Authority, and continues the design honoring King Jigme Khesar Namgyel Wangchuck.
Bhutan’s banknotes are internationally admired for their colorful designs, strong Buddhist symbolism and exceptional printing quality.
Technical Specifications
- Country: Bhutan
- Denomination: 50 Ngultrum
- Year: 2021
- Pick Number: P-31c
- Condition: Uncirculated (UNC)
- Issuer: Royal Monetary Authority of Bhutan
- Currency: Ngultrum (BTN)
- Material: Paper
- Dimensions: 146 × 70 mm
- Printer: Giesecke+Devrient (Germany)
Obverse
The obverse features:
- Portrait of King Jigme Khesar Namgyel Wangchuck
- Khorlo (Wheel of Dharma) at the centre
- Royal Monetary Authority inscriptions in Dzongkha
- Decorative Bhutanese patterns
- Serial numbering
The King has appeared on Bhutanese banknotes since ascending the throne in 2006, symbolizing the country’s stability and modernization.
Reverse
The reverse depicts:
- Trongsa Dzong, Bhutan’s largest fortress-monastery
- Royal Monetary Authority inscriptions in English
- Large denomination numerals
- Traditional Bhutanese decorative artwork
Trongsa Dzong served as the historic seat of the Wangchuck dynasty and remains one of Bhutan’s most important cultural landmarks.
Security Features
- Watermark of King Jigme Khesar Namgyel Wangchuck
- Security thread
- Rainbow printing
- Fluorescent printing
- Microlettering
- Magnetic serial numbers
- Anti-scanner and anti-copy features
- Protective varnish coating
Why Add This Banknote to Your Collection?
The Bhutan 50 Ngultrum 2021 Pick 31c UNC banknote is a beautiful representation of Bhutan’s monarchy, Buddhist traditions and architectural heritage. Its vibrant colours and sophisticated security features make it one of the finest modern Asian banknotes.
Perfect for:
- Bhutan banknote collections
- Asian currency collections
- Buddhist-themed banknotes
- Monarchy-themed collections
- Modern world paper money
- UNC banknote collections
Collector’s Note
The 2021 Pick 31c is the latest regular issue of Bhutan’s 50 Ngultrum denomination. Featuring King Jigme Khesar Namgyel Wangchuck and the iconic Trongsa Dzong, it is considered one of the most elegant modern banknotes produced by the Royal Monetary Authority of Bhutan.





