Pound Sterling to Mongolian Tugrik — exchange rate

The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.

Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.

The Mongolian tugrik (₮) is a currency issued and used only within Mongolia.In the global arena and on financial markets, it is abbreviated to MNT. The Mongolian tugrik could be subdivided into möngö.

One MNT had 100 möngö, However, today the coins are not used due to low value.The currency has appeared in 1925, taking the place of the Mongolian dollar, Chinese and Russian money, and also modern currencies of Mongolia. Mongolia was also a part of the Soviet Union. However, it had never adopted the official Soviet currency, the ruble. The tugrik was an authentic currency even in the time of socialism.