What Is the Tugrik (MNT)?

The Tugrik is the official currency of Mongolia. It was unveiled on December 19, 1925 as the country's first official currency. Upon introduction it was equivalent to one Soviet ruble. Three years late, in 1928, it replaced other existing foreign currencies in use to become the country's sole legal currency.
It's also known as the tögrög and abbreviated as MNT.

Understanding the Tugrik (MNT)

The tugrik is only issued in notes, which are printed in Great Britain. It was initially subdivided into 100 möngö coins, however those coins are no longer minted. Today, the highest denomination tögrög note is 20,000 and the lowest value denomination is 10. Mongolbank, the Central Bank of Mongolia, issues the tugrik.