Convert Barbadian Dollar to Mongolian Tugrik
Please provide values below to convert Barbadian Dollar [BBD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Barbadian Dollar.
How to Convert Barbadian Dollar to Mongolian Tugrik
1 BBD = 0.000563423324057883 MNT
Example: convert 15 BBD to MNT:
15 BBD = 15 × 0.000563423324057883 MNT = 0.00845134986086825 MNT
Barbadian Dollar to Mongolian Tugrik Conversion Table
| Barbadian Dollar | Mongolian Tugrik |
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Barbadian Dollar
The Barbadian Dollar (BBD) is the official currency of Barbados, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, replacing the Barbadian Pound, the Barbadian Dollar was initially pegged to the British Pound and later to the US Dollar, maintaining stability through various monetary policies.
Current Use
The BBD is widely used in Barbados for everyday transactions, banking, and trade, and is pegged to the US Dollar at a fixed rate of 2 BBD to 1 USD.
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.