Convert Bulgarian Lev to Mongolian Tugrik
Please provide values below to convert Bulgarian Lev [BGN] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Bulgarian Lev.
How to Convert Bulgarian Lev to Mongolian Tugrik
1 BGN = 0.000469782367599463 MNT
Example: convert 15 BGN to MNT:
15 BGN = 15 × 0.000469782367599463 MNT = 0.00704673551399194 MNT
Bulgarian Lev to Mongolian Tugrik Conversion Table
| Bulgarian Lev | Mongolian Tugrik |
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Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.
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.