Convert Kyrgystani Som to Mongolian Tugrik
Please provide values below to convert Kyrgystani Som [KGS] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Kyrgystani Som.
How to Convert Kyrgystani Som to Mongolian Tugrik
1 KGS = 0.0245926393024729 MNT
Example: convert 15 KGS to MNT:
15 KGS = 15 × 0.0245926393024729 MNT = 0.368889589537094 MNT
Kyrgystani Som to Mongolian Tugrik Conversion Table
| Kyrgystani Som | Mongolian Tugrik |
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Kyrgystani Som
The Kyrgystani Som (KGS) is the official currency of Kyrgyzstan, used for all monetary transactions within the country.
History/Origin
The Som was introduced in 1993, replacing the Soviet ruble, as part of Kyrgyzstan's independence and economic transition to establish a national currency.
Current Use
The Kyrgystani Som is actively used in everyday transactions, banking, and financial markets within Kyrgyzstan, with ongoing efforts to stabilize and modernize its economy.
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.