Convert Tanzanian Shilling to Mongolian Tugrik
Please provide values below to convert Tanzanian Shilling [TZS] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Mongolian Tugrik
1 TZS = 0.724033114867818 MNT
Example: convert 15 TZS to MNT:
15 TZS = 15 × 0.724033114867818 MNT = 10.8604967230173 MNT
Tanzanian Shilling to Mongolian Tugrik Conversion Table
| Tanzanian Shilling | Mongolian Tugrik |
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Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.
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.