Convert Turkish Lira to Mongolian Tugrik
Please provide values below to convert Turkish Lira [TRY] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Turkish Lira.
How to Convert Turkish Lira to Mongolian Tugrik
1 TRY = 0.0113926168106138 MNT
Example: convert 15 TRY to MNT:
15 TRY = 15 × 0.0113926168106138 MNT = 0.170889252159207 MNT
Turkish Lira to Mongolian Tugrik Conversion Table
| Turkish Lira | Mongolian Tugrik |
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Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.
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.