Historic Iranian Rial Mongolian Tugrik

Iranian Rial mongolian tugrik history for February 2024. The highest quote for this month is 0.080962 (02/02/2024) and the lowest 0.080962 (04/02/2024). The difference between high and low is 0.

IRR MNT average rate for February 2024 is 0.08076, the change between 01/02/2024 and 29/02/2024 is +0.55 %.

01 February 20241 IRR = 0.0809 MNT
02 February 20241 IRR = 0.0810 MNT
03 February 20241 IRR = 0.0810 MNT
04 February 20241 IRR = 0.0810 MNT
05 February 20241 IRR = 0.0809 MNT
06 February 20241 IRR = 0.0809 MNT
07 February 20241 IRR = 0.0809 MNT
08 February 20241 IRR = 0.0809 MNT
09 February 20241 IRR = 0.0808 MNT
12 February 20241 IRR = 0.0808 MNT
13 February 20241 IRR = 0.0808 MNT
14 February 20241 IRR = 0.0808 MNT
15 February 20241 IRR = 0.0808 MNT
16 February 20241 IRR = 0.0808 MNT
17 February 20241 IRR = 0.0808 MNT
18 February 20241 IRR = 0.0808 MNT
19 February 20241 IRR = 0.0808 MNT
20 February 20241 IRR = 0.0807 MNT
21 February 20241 IRR = 0.0806 MNT
22 February 20241 IRR = 0.0806 MNT
23 February 20241 IRR = 0.0806 MNT
24 February 20241 IRR = 0.0806 MNT
25 February 20241 IRR = 0.0806 MNT
26 February 20241 IRR = 0.0806 MNT
27 February 20241 IRR = 0.0806 MNT
28 February 20241 IRR = 0.0805 MNT
29 February 20241 IRR = 0.0805 MNT

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

01/01/2017: Floating Exchange Rate Regime

Mongolia adopts a fully floating exchange rate regime for the Tugrik, allowing the currency's value to be determined by market forces without intervention from the central bank.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

26/06/2009: Currency Redenomination

Mongolia redenominates its currency, replacing the old Tugrik banknotes with new ones at a ratio of 1 to 1000, in an effort to simplify transactions and reduce inflation.

06/03/1993: Mongolia Joins IMF

Mongolia becomes a member of the International Monetary Fund (IMF), influencing monetary policies and further shaping the development of the Tugrik currency.

01/07/1992: Tugrik Exchange Rate Liberalization

Mongolia liberalizes the exchange rate of the Tugrik, allowing it to fluctuate based on market forces and paving the way for a more flexible currency system.

21/12/1991: Transition to Market Economy

Mongolia undergoes a transition from a centrally planned economy to a market economy, leading to major changes in the Tugrik currency system.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

04/07/1946: Mongolian People's Bank Established

The Mongolian People's Bank is established as the central bank of Mongolia, responsible for issuing and managing the Tugrik currency.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.

01/12/1925: Introduction of the Tugrik Currency

Mongolia officially introduces the Tugrik as its national currency, replacing the previous currency system.