What is Mongolian currency ?
The official currency of Mongolia is the Mongolian togrog (ISO code: MNT and symbol “₮” ), also spelled as tugrik. The currency has been in circulation since 1925 and is issued by the Bank of Mongolia. The coins are not available.
Bank note’s feature
The banknotes of Mongolia feature historical figures, landmarks, and wildlife of the country and Mongolian hero’s including Chinggis khaan and Sukhbaatar. The front of each note is written in the Mongolian Cyrillic script, while the back is written in Mongolian script with the denomination in numerals.
Are foreign currencies like US dollars acceptable in Mongolia ?
Major international currencies like US dollars, euros, and pounds are widely accepted in tourist areas. However, it is recommended to exchange currency at official exchange offices or banks to avoid scams and counterfeit bills.
Exchange rate
Use the following link /Bank of Mongolia/ to convert Tugrogs to other currencies. When you arrive in Mongolia, exchange your currencies in Airport. Also you can use the all Mongolian banks. (1USD=3,442.05 as 11/14/202)
Denominations
Mongolian tugrug is available in denominations from:
- ₮ 1
- ₮ 5
- ₮ 10
- ₮ 20
- ₮ 50
- ₮ 100
- ₮ 500
- ₮ 1,000
- ₮ 5,000
- ₮ 10,000
- ₮ 20,000
