About the Mongolian Tugrik
The Tugrik was introduced in 1925, replacing the Mongolian dollar and other circulating currencies. It was initially pegged to the Soviet Ruble.
The word 'Tugrik' means 'round object' in Mongolian, similar to the Chinese Yuan and Japanese Yen.
Interesting Facts
Chinggis Khaan on Every Note
All banknotes of Mongolia feature a portrait of Chinggis Khaan (Genghis Khan), the founder of the Mongol Empire and a national hero.
Land of the Eternal Blue Sky
The Mongolian economy, and thus the Tugrik's value, is heavily dependent on the export of minerals like copper, coal, and gold.
A Rare Symbol
The Tugrik has its own unique currency symbol, '₮', which is rarely seen outside of Mongolia.
Historical Timeline
Mongolia declares independence.
The Tugrik is introduced.
Mongolia transitions to a market economy.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- MNT
- Symbol
- ₮
- Numeric Code
- 496
- Subunit
- Mongo (1/100)
- Introduced
- 1925-01-01
Central Bank
- Name
- Bank of Mongolia
- Headquarters
- Ulaanbaatar, Mongolia
- Founded
- 1924
- Current Governor
- Lkhagvasuren Byadran (since 2019)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 5.7%
- Interest Rate
- 13.0%
Exchange Rates
What Affects the MNT Exchange Rate?
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