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SCMPChina-EU trade, Xi touts ‘global influence’, Nato summit·Economic TimesWorld food prices ease for second month in June·Bank of JapanOutput Gap, Potential Growth Rate, and Labor Market Indicators·Economic TimesSensex jumps 262 points, Nifty closes above 24,270. 7 key factors behind today's D-Street gains·SCMPAustralia expects to gain extra US$26 billion from exports after Iran war raises prices·NYTLatest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure·NYTWhy the Jobs Market Has Wall Street and Washington on Edge·Bank of JapanJapanese Government Bonds Held by the Bank of Japan·SCMPChina-EU trade, Xi touts ‘global influence’, Nato summit·Economic TimesWorld food prices ease for second month in June·Bank of JapanOutput Gap, Potential Growth Rate, and Labor Market Indicators·Economic TimesSensex jumps 262 points, Nifty closes above 24,270. 7 key factors behind today's D-Street gains·SCMPAustralia expects to gain extra US$26 billion from exports after Iran war raises prices·NYTLatest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure·NYTWhy the Jobs Market Has Wall Street and Washington on Edge·Bank of JapanJapanese Government Bonds Held by the Bank of Japan·
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Bhutan

Bhutanese Ngultrum (BTN)

39
Moderate
Risk
#49
of 171
Riskier
than 72% of currencies
36
global avg score
$840
$1,000 in 5 years
Impact on Citizens

Citizens need modest returns of 5.1% per year to keep up. Inflation is low — a basic savings account or index fund is enough to stay ahead.See savings calculator ↓

Economic Indicators

Inflation Rate
3.6%
Debt to GDP
111.0%
GDP Growth
8.0%
Broad Money / GDP
83.3%

Banking & Stability

NPL Ratio
2.2%
Reserve Months
6.6
Current Account
-19.4%
FX Volatility
28.4

Governance & Markets

Rule of Law
Not available
Black Market Premium
Not available
Capital Controls
24.0
Peg Fragility
23.5

Currency Structure

Global Currency Role
70.0
FX Regime
hard peg
Data Coverage
83.0%

Savings Impact Calculator

BTN
Holding cash in BTN3.6% inflation
BTN 840−BTN 160 (16% purchasing power lost)
Your BTN 1,000 buys 16% less in 5 years
What if you invested BTN 1,000 instead? (5yr, in BTN terms)
USD-denominated assets gain an additional ~0.6%/yr from expected BTN depreciation vs USD
Hold USD Cash
BTN 884
−BTN 116
-2.4%/yr net in BTN
S&P 500
BTN 1652
+BTN 652
range: BTN 756–BTN 3246
10% USD return + 0.6% FX · ±16% vol
Gold
BTN 1507
+BTN 507
range: BTN 432–BTN 4092
8% USD return + 0.6% FX · ±24% vol
Bitcoin
BTN 3120
+BTN 2120
range: BTN 188–BTN 18.7k
25% USD return + 0.6% FX · ±54% vol

All values in BTN. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~0.6%/yr based on the inflation differential between Bhutan (3.6%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Data last updated: 2026-07-03

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