Country ISO code: MN

Official language: Mongolian

Language ISO code: mn

Current official currency: Mongolian Tögrög

Current currency ISO code: MNT

Complete Financial History of Mongolia

Current official currency: Mongolian Tögrög (₮)

• ISO code: MNT

• Symbol: ₮

• Singular name: Tögrög

• Plural name: Tögrög

• Monetary subdivision: 1 Tögrög = 100 Mung

• Fraction singular name: Mung

• Fraction plural name: Mung

• Initial production date: 1925 (introduction of Mongolian Tögrög)

• Final production date: Still in production

• Initial circulation date: 1925

• Final circulation date: Still in circulation

• Mint: Mongolian Mint and contracted international mints

• Issuing bank: Bank of Mongolia (Central Bank)

Coin denominations

• 10 Mung

• 20 Mung

• 50 Mung

• 1 Tögrög

• 5 Tögrög

• 10 Tögrög

• 20 Tögrög

• 50 Tögrög

Banknote denominations

• 1,000 Tögrög

• 5,000 Tögrög

• 10,000 Tögrög

• 20,000 Tögrög

• 50,000 Tögrög

Economic and historical context

• The Mongolian Tögrög was introduced in 1925 as a national currency, replacing Russian rubles and Chinese yuan.

• Since the 1990s, the currency has experienced fluctuations due to economic reforms and market transitions.

• The Bank of Mongolia manages monetary policy to stabilize the Tögrög and control inflation.

• Recent years have seen relative stability in the exchange rate.

Minting and production locations

• Coins are produced domestically at the Mongolian Mint in Ulaanbaatar and also by contracted international mints.

Designs and symbols on coins and banknotes

• Coins feature national symbols such as the Soyombo, lions, and blue horses.

• Banknotes depict Mongolian history, culture, natural landmarks, famous people, and traditional motifs.

Production volumes, honorees, and seals

• Detailed production volumes are not publicly available.

• Some commemorative issues mark historical events or special occasions.

Commemorative coins and curiosities

• The Bank of Mongolia issues commemorative coins celebrating culture, history, and environment.

Current circulation status

• The Tögrög is the official and actively circulating currency of Mongolia.

Issuing authority

• Bank of Mongolia (Central Bank)

Relevant monetary legislation

• Regulated by the Law on Currency and the Law on the Bank of Mongolia.

Names and titles of banknote signatories

• Banknotes bear the signature of the Governor of the Bank of Mongolia.

List of persons honored on coins and banknotes

• Banknotes feature historical figures, cultural icons, and national heroes.

Official language recognized by the state for administrative, legislative, judicial, monetary, and educational use:
Mongolian is the official language of Mongolia, used in all official domains including administration, legislation, judiciary, finance, and education.