MNTMongolian TögrögMongolian Tögrög (MNT)
The Mongolian tögrög is Mongolia's national currency and legal tender. The Bank of Mongolia is the country's central monetary authority, and MNT is the ISO code used in international payment and exchange-rate systems. The tögrög is divided into 100 möngö in the formal currency description, although everyday prices are usually expressed in whole tögrög. Transliteration varies between Mongolian and English, which makes the code especially useful for software, invoices and travel data. Domestic cash, bank balances and electronic payments all use the national unit, while
- ISO code
- MNT
- Symbol
- ₮
- Region
- Asia Pacific
- Currency type
- Fiat currency
- Exchange system
- Mongolian Tögrög operates under the reviewed market-determined exchange-rate framework arrangement.
- Last reviewed
Convert this currency
MNT converter
MNTRate date:
Quick facts
MNT at a glance
Currency profile
How MNT works
The Mongolian tögrög is Mongolia's national currency and legal tender. The Bank of Mongolia is the country's central monetary authority, and MNT is the ISO code used in international payment and exchange-rate systems. The tögrög is divided into 100 möngö in the formal currency description, although everyday prices are usually expressed in whole tögrög. Transliteration varies between Mongolian and English, which makes the code especially useful for software, invoices and travel data. Domestic cash, bank balances and electronic payments all use the national unit, while
Bank of Mongolia administers MNT within a market-determined exchange-rate framework system.
- The tögrög has been Mongolia's national currency since 1925.
- The reviewed cash profile records MNT 10, MNT 20, MNT 50, MNT 100, MNT 200, MNT 500, MNT 1,000, MNT 5,000, MNT 10,000, MNT 20,000 for banknotes and MNT 20, MNT 50, MNT 100, MNT 200, MNT 500 for coins.
Context
Why this currency matters
The tögrög was introduced in the twentieth century as Mongolia built a national monetary system, and the Bank of Mongolia now publishes information on notes, coins and the operation of the currency framework. Modern denominations reflect the country's price scale and the practical role of cash in domestic transactions. A profile for MNT should not treat the name's transliteration as a data error: tögrög, tugrik and other English spellings can refer to the same currency. The ISO code removes that ambiguity. For conversion, a dated reference value supports budgeting, accounting and comparison, but the amount a traveler receives can differ after cash spreads, bank fees, ATM charges or card-network processing. Mongolian currency references may use the name togrog in English and a local spelling in Mongolian. MNT keeps that national unit distinct in international tables. The tugrik's cash denominations and the Bank of Mongolia's role give historical and practical context, while
Monetary framework
Exchange arrangement
Mongolian Tögrög operates under the reviewed market-determined exchange-rate framework arrangement.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for MNT
Sole legal currency
The tugrik became the country's sole legal currency as monetary reform was consolidated.
Bank of MongoliaModern banknote series
The Bank of Mongolia introduced a redesigned banknote family during the market transition.
Bank of Mongolia
Usage and economy
How MNT is used
- MNT is used for Mongolian wages, taxes, retail transactions and bank accounts.
- Tugrik conversions matter for commodity exports, imports, tourism and payments linked to CNY and USD.
Banknotes and coins
MNT currency units
The issuing authority documents the reviewed MNT banknote denominations used in the current cash system.
The issuing authority documents the circulation coin system for MNT.
One Mongolian Tögrög unit is recorded with 2 decimal places and uses Möngö as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
MNT questions
What is möngö?
Möngö is the smaller unit of the tögrög. One tögrög is divided into 100 möngö in the formal currency description.
Who issues the tögrög?
The Bank of Mongolia is the central monetary authority responsible for the national currency framework.
Why are there different spellings of the currency name?
The Mongolian name is transliterated in several ways in English. MNT provides a stable identifier across languages and financial systems.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.