tugrik

(tū'grĭk)
n., pl., tugrik.
A basic unit of currency in Mongolia.

[Mongolian dughurik, wheel, tugrik.]

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Monetary unit of Mongolia.

Tugrik

Is the currency for: Mongolia

The official currency of Mongolia. The tugrik was unveiled on December 19, 1925 as the country's first official currency. Upon introduction it was equivalent to one Soviet ruble. Three years late, in 1928, it replaced other existing foreign currencies in use to become the country’s sole legal currency. 

Also known as the tögrög and abbreviated as MNT. 

Investopedia Says:
The tugrik is only issued in notes, which are printed in Great Britain. It was initially subdivided into 100 möngö coins, however those coins are no longer minted. Today the highest denomination tögrög note is 20,000 and the lowest value denomination is 10. Mongolbank, the Central Bank of Mongolia, issues the tugrik. 

 

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For a list of words related to tugrik, see:

• World Currencies - tugrik: currency of Mongolia

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See words rhyming with "tugrik."