MNT · MNT
Mongolian tögrög (MNT)
The Mongolian Tugrik (MNT) is the official currency of Mongolia. This page provides an overview of its history, denominations, and role in the economy.
Convert this currency
Converted amount
0.0003 USD
Exchange rate
1 MNT = 0.000278 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
MNT · Mongolian tögrög
Mongolian Tugrik (MNT): Overview and History
The Mongolian Tugrik (MNT) is the official currency of Mongolia, issued by the Bank of Mongolia. The currency was introduced in 1925, replacing the Mongolian dollar and other currencies that were in circulation after the country's revolution. The name 'tugrik' means 'circular' or 'round' in Mongolian, reflecting the coin's shape.
The tugrik is subdivided into 100 möngö, although möngö coins are no longer in circulation due to low value. Banknotes are issued in denominations of 1, 5, 10, 20, 50, 100, 500, 1,000, 5,000, 10,000, and 20,000 tugriks, while coins are available in 20, 50, 100, 200, and 500 tugriks. The currency symbol is ₮.
The exchange rate of the tugrik is determined by market forces, and the currency is not pegged to any other currency. The Bank of Mongolia manages monetary policy to maintain price stability. The tugrik is used in all transactions within Mongolia, and its value can be affected by commodity prices, particularly coal, copper, and gold, which are major exports.
- Code
- MNT
- Symbol
- MNT
- Current rate
- USD / MNT
Currency information
Last updated · 8/7/2026
Introduced on December 10, 1925
- Official name
- Mongolian tögrög
- Legal tender status
- Legal tender in Mongolia
- Decimal places
- 2
- Minor unit
- möngö · 1 MNT = 100 möngö
- Countries
- Mongolia
- Issuing authority
- Bank of Mongolia
- Central bank
- Bank of Mongolia · Official website
- Exchange-rate regime
- Managed float
Common banknotes
₮1 · ₮5 · ₮10 · ₮20 · ₮50 · ₮100 · ₮500 · ₮1000 · ₮5000 · ₮10000 · ₮20000
Common coins
₮20 · ₮50 · ₮100 · ₮200 · ₮500
Also known as
tugrik · tögrög · Mongolian tögrög · MNT · ₮
Practical notes
- The tögrög is subdivided into 100 möngö, but möngö coins are no longer used in practice.
- The symbol ₮ is used to denote the currency.
Priority currency pairs
The most useful conversions for this currency.
Mongolian tögrög questions
What is the MNT exchange rate?
The displayed rate is the latest available reference rate for USD/MNT. It can change throughout the day.
How can I convert MNT online?
Use the converter above to calculate indicative amounts between MNT and the other supported currencies.