Convert Mongolian Tugrik to Peruvian Nuevo Sol
Please provide values below to convert Mongolian Tugrik [MNT] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Peruvian Nuevo Sol
1 MNT = 997.759451330916 PEN
Example: convert 15 MNT to PEN:
15 MNT = 15 × 997.759451330916 PEN = 14966.3917699637 PEN
Mongolian Tugrik to Peruvian Nuevo Sol Conversion Table
| Mongolian Tugrik | Peruvian Nuevo Sol |
|---|
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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.