Convert Argentine Peso to Mongolian Tugrik
Please provide values below to convert Argentine Peso [ARS] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Argentine Peso.
How to Convert Argentine Peso to Mongolian Tugrik
1 ARS = 0.356694855111185 MNT
Example: convert 15 ARS to MNT:
15 ARS = 15 × 0.356694855111185 MNT = 5.35042282666777 MNT
Argentine Peso to Mongolian Tugrik Conversion Table
| Argentine Peso | Mongolian Tugrik |
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Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.