Currency

From Mongol Studies Online Reference

The official Mongolian currency is called tugrug (togrog, tugrik), and it is denoted by the codes MNT, ₮, and Tg. Mongolian tugrug includes notes of value 20,000, 10,000, 5000, 1000, 500, 100, 50, 20, 10, 5, 3 and 1. There are Mongolian tugrug coins, too, of value 500, 200, 100, 50 and 20. All tugrug notes feature Chinggis Khan’s face or that of Sukhbaatar Damdin. ^[1] On the reverse side of each note are featured a scene depicting traditional Mongolian lifestyle or landscape. Such scenes include Mongolian horses and the state nine flags, among others. All designs feature the “Soyombo” symbol on the center of each note. The 1 Togrog note has a unique design, with a stylized lion on its front.

[edit] History

The tugrug was introduced in Mongolia on December 9, 1925 and was set equal to one Russian ruble. At that time, such value was 18 grams of silver. Mongolian dollars, the predecessor of the tugrug, were still in use at this time and remained in circulation until April 1, 1928. ^[2]

[edit] References

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