Convert Jamaican Dollar to Mongolian Tugrik
Please provide values below to convert Jamaican Dollar [JMD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Jamaican Dollar.
How to Convert Jamaican Dollar to Mongolian Tugrik
1 JMD = 0.0450956985784379 MNT
Example: convert 15 JMD to MNT:
15 JMD = 15 × 0.0450956985784379 MNT = 0.676435478676568 MNT
Jamaican Dollar to Mongolian Tugrik Conversion Table
| Jamaican Dollar | Mongolian Tugrik |
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Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.
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.