Convert Japanese Yen to Mongolian Tugrik
Please provide values below to convert Japanese Yen [JPY] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Japanese Yen.
How to Convert Japanese Yen to Mongolian Tugrik
1 JPY = 0.0413640613897039 MNT
Example: convert 15 JPY to MNT:
15 JPY = 15 × 0.0413640613897039 MNT = 0.620460920845559 MNT
Japanese Yen to Mongolian Tugrik Conversion Table
| Japanese Yen | Mongolian Tugrik |
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Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, used as the country's primary medium of exchange.
History/Origin
Introduced in 1871 during the Meiji Restoration, the Yen replaced the previous complex monetary system and has undergone various reforms, including decimalization in 1954, to modernize Japan's currency system.
Current Use
The Yen is widely used in Japan for everyday transactions, banking, and international trade, and is one of the most traded currencies globally.
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.