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Q: please define "BTN"

Category: glossary , Asked by: Dallas G. From Chicago, United States

A: The currency abbreviation for the Bhutanese ngultrum, the currency for Bhutan. The Bhutanese ngultrum is made up of 100 chhertum ("chetrums" before 1979) and is often presented with the symbol Nu. The word ngultrum is derived from the word "ngul" meaning "silver," in the Bhutanese Dzongkha language. Bhutanese ngultrum is controlled and issued by the Royal Monetary Authority of Bhutan. The Bhutanese ngultrum was first seen in 1974, when it replaced the Indian rupee at 1:1. Tikchungs were backed by rupees and were used as currency until the early 1970s. Due to an inability to properly back the Tikchungs with rupees, they were phased out and rupees were kept as the main currency until 1974. The name for the coins changed from chetrum to chhertum in 1979 when new coins of the same value were issued. As of 2008, the ngultrum can be interchanged with the Indian rupee, and Indian banknotes and coins freely circulate in Bhutan. Visit CMC Markets

    Will you give me a recommendation of a site that has refined educational courses for trading?

    Category: platform by Miah I. From Belgium

    We recommend you to register to "AVA FX". This site offers informative manuals for how to trade, with simple to understand menues and instructions. You can certainly get a head start viewing them.

    Which site has enhanced options for trading AUD/CAD, to your recommendation

    Category: money by Jacoby F. From United States

    If you need a smashing site that features JPY/ZAR, we definitely suggest you to go to "Finexo Ltd.". Their site is fabulous, and it'll surely fit your need. If you've got EUR/CAD, JPY/ZAR or USD/ISK (and many other options), you can make transactions with "Finexo Ltd.".

    Is there a site that has refined trading you can refer me to?

    Category: platform by C. Flores from Canada

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    what is a "yard"?
    Slang for one billion units in currency. The term also refers to "milliard," which is an European term for 1,000 million (a billion). If a person wanted to buy one billion U.S. Dollars, he or she might say, "I would like to buy a yard of U.S. Dollars." By using the word "yard" in place of "billion," the person ensures that the counter-party will not misunderstand billion for "million" or "trillion." Visit Dukascopy

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