Mongolian tugrik · MNT
₮ symbol · 1 country currently using this currency.
Currency info
Adopted: 1925
Currency family: Other
The tugrik symbol ₮ resembles the Mongolian letter 'T' and reflects the country's distinct cultural identity.
- Introduced in 1925 after Mongolia's independence from China, replacing the Chinese yuan
- Name 'tugrik' derives from the Mongolian word for a monetary unit used historically on the Silk Road
- Underwent significant redenomination in 1993 when the new tugrik replaced the old at a rate of 1:1000
- Managed by the Bank of Mongolia, established as the sole currency issuer in 1924
