Mongolia The Mongolian Tughrik (MNT) is the currency of Mongolia, introduced in 1925 to replace the Mongolian dollar. The currency is managed by the Bank of Mongolia, and its value is highly dependent on the country's mining sector, particularly exports of coal and copper. The tughrik has experienced depreciation over time, leading to reliance on foreign currencies for major transactions. Despite this, it remains the primary medium of exchange in Mongolia, with banknotes being the dominant form of currency.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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