What currency do mongolians use?

Answer 1

The tögrög or tugrik (Mongolian: төгрөг, tögrög) (sign: ₮; code: MNT) is the official currency of Mongolia. It was historically subdivided into 100 möngö(мөнгө). Currently the lowest denomination in regular use is the 10-tögrög note and the highest is the 20,000-tögrög note. Currency sign is U+20AE ₮ tugrik sign.

In 2010, the tögrög was the best-performing currency world-wide.[1]

Contents[hide]

• 1 History
• 2 Coins
• 3 Banknotes
  • 3.1 Remarks
• 4 Purchasing power
• 5 See also
• 6 References
• 7 External links

[edit]History

The tögrög was introduced on December 9, 1925[2]at a value equal to one Soviet ruble, where one ruble or tögrög was equal to 18 grams (0.58 ozt) of silver. It replaced the Mongolian dollar and other currencies and became the sole legal currency on April 1, 1928.

Möngö coins are not in circulation as currency any longer, as they are of negligible value. They are sold to tourists and as novelties and collectibles now.

[edit]Coins

During socialism, the tögrög coin denominations were 1, 2, 5, 10, 15, 20, 50 möngö, and 1 tögrög. After the Mongolian People's Republic came to an end in 1990 and inflation surged, the möngö coins were abandoned and larger tögrög values introduced.

Coin Series during the People's Republic of Mongolia era [1] Images Series Composition Obverse Reverse Date recalled Valueless since Script Minted in Calendar used [2] 1925 1-5 möngö:copper
10-20 möngö: 0.5silver
50 möngö, 1 tögrög: 90% silver Soyombo Value 1950 1970 Mongolian Soviet Union Mongolian Year 15 [3] 1937 1-5 möngö:aluminium bronze
10-20 möngö:cupronickel1960 1970 Mongolian Year 27 [4] 1945 coat of arms, "Бугд Найрамдах Монгол Ард Улс" (People's Republic of Mongolia) 1970 1970 Cyrillic Mongolian Year 35 [5] 1959 Aluminium 1990 1990 P.R. China Common Era [6],[7]1970, 77, 80, 81 1-5 möngö:aluminium
10-50 möngö:cupronickelcoat of arms, state title in short (БНМАУ) for 1-5 möngö, in full for 10-50 möngö - - 1970, 77: East Germany
1980, 81: Mongolia [8] Circulating & commemorative 1 tögrög 1971: aluminium bronze,cupronickel, silver, or gold
1981: aluminium bronze coat of arms, full state title, value "БНМАУ", Damdin Sükhbaatar on a horse, "50 ЖИЛ" or "60 ЖИЛ" depending on the year ? ? 1971: East Germany
1981: Mongolia - 1981-88: 1 tögrög with various commemorative subjects Aluminium bronze 6 designs, such as Karl Marx, Soviet-Mongolian space flight, etc. ? ? Mongolia Common Era Current Coins [9] Image Value Technical parameters Description Date of first minting Obverse Reverse Diameter Thickness Mass Composition Edge Obverse Reverse [10] [11] 20 tögrög 17.5 mm 1.5 mm 0.78 g Aluminium Milled Value Soyombo 1994 [12] [13] 50 tögrög 23 mm 1.8 mm 16.8 g [14] [15] 100 tögrög 22 mm 1.5 mm 3.84 g Cupronickel Value, Janraisig Temple [16] [17] 200 tögrög 25 mm 1.7 mm 6.2 g Value, the Government House [18] [19] 500 tögrög 22 mm 1.7 mm 4.1 g Plain Value, Soyombo Damdin Sükhbaatar 2001 For table standards, see the coin specification table. [edit]Banknotes

Like coins the tögrög banknotes were very similar to the Soviet ruble during the Mongolian People's Republic era. The similarities included color theme, overall design, and the lineup of the denominations, which were 1, 2, 5, 10, 25, 50, 100 tögrög unless stated otherwise. The color for each value is

• 1 tögrög: brown
• 2 tögrög: green
• 5 tögrög: blue
• 10 tögrög: green
• 20 tögrög: red
• 25 tögrög: lilac
• 50 tögrög: green
• 100 tögrög: brown

They were all printed in the Soviet Union. But modern tögrög banknotes are usually printed in Great Britain.

Banknote Series during the People's Republic of Mongolia era [20] Image Series Obverse Reverse Date recalled Valueless since Script Calendar used Remark [21] 1925 Soyombo, value Value 1940 1966 Mongolian Common Era 2 tögrög in green instead of 3 tögrög [22] 1939 Soyombo, Sükhbaatar Value 1955 1966 Common Era and Mongolian Year 29 25 tögrög in brown 1941 Coat of arms,Sükhbaatar? ? Both Common Era and Mongolian Year 31 [23] 1955 1966 1966 Cyrillic Common Era 25 tögrög in blue on obverse, brown on reverse [24] 1966 Coat of arms,Sükhbaatarexcept 1 tögrög Value for 1-25 tögrög, the Government House for 50 and 100 tögrög - - Both 1981, 83 As above, except industrial theme for 20 tögrög 20 tögrög in green instead of 25 tögrög 1993 Series [25] Image1 Value Dimensions Main Color Description Date of issue2 Usage Obverse Reverse Obverse Reverse Watermark 10 möngö 45 × 90 mm Pink Soyombo, Archery Archery - 1993 Very rare in circulation. Abundant among collectors. 20 möngö 45 × 90 mm Yellow-brown Soyombo, Wrestling Wrestling 50 möngö 45 × 90 mm Green-cyan Soyombo, Horse riding Horse riding [26] [27] 1 tögrög ( neg ) 115 × 57 mm Yellow-brown Lion Soyombo Paiza Genghis Khan [28] [29] 5 tögrög ( tavan ) 120 × 60 mm Orange Sükhbaatar,Soyombo,PaizaMountainous landscape and horses eating grass Rarely used anywhere but in banks