Convert United States Dollar to Mongolian Tugrik
Please provide values below to convert United States Dollar [USD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to United States Dollar.
How to Convert United States Dollar to Mongolian Tugrik
1 USD = 0.000281711662028942 MNT
Example: convert 15 USD to MNT:
15 USD = 15 × 0.000281711662028942 MNT = 0.00422567493043412 MNT
United States Dollar to Mongolian Tugrik Conversion Table
| United States Dollar | Mongolian Tugrik |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international 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.