Convert Brazilian Real to Mongolian Tugrik
Please provide values below to convert Brazilian Real [BRL] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Brazilian Real.
How to Convert Brazilian Real to Mongolian Tugrik
1 BRL = 0.00156828882251512 MNT
Example: convert 15 BRL to MNT:
15 BRL = 15 × 0.00156828882251512 MNT = 0.0235243323377268 MNT
Brazilian Real to Mongolian Tugrik Conversion Table
| Brazilian Real | Mongolian Tugrik |
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Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.
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.