US Dollar to Mongolian Tugrik — exchange rate

Country of Circulation: United States, British Virgin Islands, Ecuador, Panama and others

Currency Code, Symbol: USD, $

Denominations of coins in circulation: 1¢, 5¢, 10¢, 25¢

Denominations of banknotes in circulation: $1, $2, $5, $10, $20, $50, $100

History: The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.Read More

Country of Circulation: Mongolia

Currency Code, Symbol: MNT, ₮

Denominations of coins in circulation: 20, 50, 100, 200, 500 tögrög

Denominations of banknotes in circulation: 10, 20, 50, 100, 500, 1,000, 5,000, 10,000, 20,000 tögrög

History: 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.Read More