Convert Moroccan Dirham to Mongolian Tugrik
Please provide values below to convert Moroccan Dirham [MAD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Moroccan Dirham.
How to Convert Moroccan Dirham to Mongolian Tugrik
1 MAD = 0.00253774316505531 MNT
Example: convert 15 MAD to MNT:
15 MAD = 15 × 0.00253774316505531 MNT = 0.0380661474758297 MNT
Moroccan Dirham to Mongolian Tugrik Conversion Table
| Moroccan Dirham | Mongolian Tugrik |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.