Bhutanese banknotes include issues of the Bhutanese ngultrum, reflecting the country’s economic, political and cultural development from the late 20th century to the present. The series feature historical figures, Buddhist cultural elements, architectural heritage, Himalayan landscapes, local fauna and symbolic motifs representing national identity, accompanying monetary reforms, phases of economic development and financial modernization. Due to their design variety, variants, signatures and historical relevance within the Himalayan and South Asian region, Bhutanese paper money is appreciated in international numismatics and sought after by world banknote collectors.