Mongolian tögrög
Currency of Mongolia (₮) / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Mongolian tögrög?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
The tögrög or tugrik (Mongolian Cyrillic: төгрөг, Mongolian script: ᠲᠥᠭᠦᠷᠢᠭ, transcription: tögürig; sign: ₮; code: MNT) is the official currency of Mongolia. It was historically subdivided into 100 möngö (мөнгө / ᠮᠥᠩᠭᠦ). Currently, the lowest denomination in regular use is the 10-tögrög note, and the highest is the 20,000-tögrög note. In Unicode, the currency sign is U+20AE ₮ TUGRIK SIGN.
Quick Facts Монгол төгрөг (Mongolian) ᠮᠣᠩᠭᠣᠯᠲᠥᠭᠦᠷᠢᠭ, ISO 4217 ...
Монгол төгрөг (Mongolian) ᠮᠣᠩᠭᠣᠯ ᠲᠥᠭᠦᠷᠢᠭ | |||||
---|---|---|---|---|---|
| |||||
ISO 4217 | |||||
Code | MNT (numeric: 496) | ||||
Subunit | 0.01 | ||||
Unit | |||||
Plural | The language(s) of this currency do(es) not have a morphological plural distinction. | ||||
Symbol | ₮ | ||||
Denominations | |||||
Subunit | |||||
1⁄100 | möngö (мөнгө/ᠮᠥᠩᠭᠦ) | ||||
Banknotes | |||||
Freq. used | ₮10, ₮20, ₮50, ₮100, ₮500, ₮1,000, ₮5,000, ₮10,000, ₮20,000 | ||||
Rarely used | ₮1, ₮5 | ||||
Coins | ₮20, ₮50, ₮100, ₮200, ₮500 | ||||
Demographics | |||||
User(s) | Mongolia | ||||
Issuance | |||||
Central bank | Bank of Mongolia | ||||
Website | www | ||||
Valuation | |||||
Inflation | 7.9% | ||||
Source | Bank of Mongolia homepage, December 2023. |
Close
In 2010, the tögrög rose 15% against the US dollar, due to the growth of the mining industry in Mongolia.[1] However, its exchange rate eroded by 24% from early 2013 to June 2014 due to falling foreign investment and mining revenue.[2]