This is Shakyamuni Buddha (also known as Gautama Buddha or the Historical Buddha). In Bhutanese Buddhism, Shakyamuni Buddha is revered as the founder of Buddhism who lived in the 5th-6th century BCE.
The iconography is characteristic of Shakyamuni Buddha:
The meditation posture (dhyana mudra) with hands folded in lap
The yellow/golden skin color symbolizing purity and enlightenment
The traditional red monastic robes
The blue halo and green aureole behind him
The distinctive topknot (ushnisha) on his head
The serene facial expression with half-closed eyes
Seated on a lotus throne with decorative base elements
In Bhutanese Buddhism, Shakyamuni Buddha holds a central place as the historical teacher and founder of the dharma (Buddhist teachings).
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