Historic Mongolian Tugrik United States dollar

Mongolian Tugrik united states dollar history for September 2023. The highest quote for this month is 0.000289 (18/09/2023) and the lowest 0.000289 (18/09/2023). The difference between high and low is 0.

MNT USD average rate for September 2023 is 0.00029, the change between 01/09/2023 and 30/09/2023 is -0.35 %.

01 September 20231 MNT = 0.0003 USD
05 September 20231 MNT = 0.0003 USD
06 September 20231 MNT = 0.0003 USD
11 September 20231 MNT = 0.0003 USD
18 September 20231 MNT = 0.0003 USD
23 September 20231 MNT = 0.0003 USD
24 September 20231 MNT = 0.0003 USD
25 September 20231 MNT = 0.0003 USD
26 September 20231 MNT = 0.0003 USD
27 September 20231 MNT = 0.0003 USD
29 September 20231 MNT = 0.0003 USD
30 September 20231 MNT = 0.0003 USD

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.

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.

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.

01/12/1925: Introduction of the Tugrik Currency

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