What is Mongolia Currency?

Mongolian currency is termed as “togrog” or “tugrik”. Togrog is the official currency of Mongolia.  Mongolia currency was established to take over the place of Mongolian dollars. It came in 1925. Togrok means a circle or full moon. Coin’s shape represents the full moon in the culture of Mongolia. Mongolia’s economy relies on the activity of the neighboring countries. Mongolia depends massively on Russia for petroleum products. China is the export partner of Mongolia making it the shadow of Mongolia's economy.

Mongolia Currency

The Mongolia currency can be divided into 100 subunits. Currency code of the Mongolia currency is MNT. It is denoted by the symbol of ®. The study of Mongolia currency rate reveals the most popular exchange rate. MNT to USD is the most common and popular currency exchange rate.

Mongolia Currency To USD

The rate of Mongolia currency to USD states 2442.17 MNT equivalence to 1 USD. Mongolia currency to PKR is 1 PKR equivalence t 20.1 MNT. Coins and banknotes forms are available in Mongolia currency. The Highest denomination in banknote form is of the 20,000 torog note. The Lowest of all the denomination of Mongolia currency is 10 torog note.

More Details About Mongolia Currency

Mostly used Coins of the Mongolian currency are about 20, 50, 100, 200, 500 torog. Aluminum, copper, nickel, bronze metals are used to make the coins. The banknotes which are frequently used include 1, 5, 10, 20, 50, 100, 500, 1000, 5000, 10,000, 20,000. After 1992, it was planned to increase the value of the banknotes and to decrease the usage of the Mongolian coins.

Popular Countries

Saudi Arabia UAE United Kingdom