1. Currency – Ngultrum Notes

2. Topics coverage Currency background Clean Note awareness Note Refund aspects Counterfeit Notes Security features of the Notes

3. Background on Currency Currency Note issuance Notes available - Nu.1, Nu.5, Nu.10, Nu.20, Nu.50, Nu.100, Nu.500 & Nu.1,000 New Notes available at the RMA & Commercial Banks New series & old series Notes in circulation Notes & Coins in circulation – Nu.5.44 billion as on 10.3.2010

4. Clean Note Policy Objective – durability & increase the life of the currency note No stapling on notes No writing/scribbling on notes Tearing/crumpling of notes not permissible ATM usage Soiled Notes Notes setting into fire Cost of printing/replacement very high

5. Note Refund by RMA & Commercial Banks Mutilated/torn/burnt/defaced notes are exchanged at face value Note refund subject to certain criteria: Torn note but undivided larger piece should be more than 60% intact – full value refund Torn note piece of near 50% - full value refund Torn note into smaller pieces – no refund Burnt notes in fire accident (special case)

6. Full Value Refund

7. PAY HALF DATE & SIGN Half Note – Full Value Refund PAY HALF DATE & SIGN

8. Burnt Note – Full Value Refund (Speical case)

9. Counterfeit Counterfeiting - a part of the system Experience – approx. 30 pieces in a year Mostly Nu.100 Notes have high security features to deter counterfeiting of notes Currency Verifier, UV light, Sorting Machines Print & paper quality

10. Security features on Notes Intaglio microlettering Embossed feature Embedded security thread 3 dimentional mould-made watermark Peak showing denominational figure Iridescent feature Recognition feature for the blind (embossed)

11. Security features on Notes

13. Intaglio-Micro Text Line

14. Security Thread

15. Windowed clear-text thread

16. 3-Dimensional mould-made Water mark

17. PEAK®(Printed and Embossed Anti-Copy Key)

18. Iridescent Feature

19. For further information, visit RMA website rma.org.bt Tashi Delek