The tögrög or tugrik (Mongolian Cyrillic: төгрөг, Mongolian script: ᠲᠥᠭᠦᠷᠢᠭ, transcription: tögürig; sign: ₮; code: MNT) is the official currency of Mongolia. It was historically subdivided into 100 möngö (мөнгө / ᠮᠥᠩᠭᠦ). Currently, the lowest denomination in regular use is the 10-tögrög note and the highest is the 20,000-tögrög note. In Unicode, the currency sign is U+20AE₮TUGRIK SIGN.
In 2010, the tögrög rose 15% against the US dollar, due to the growth of the mining industry in Mongolia.[1] However, its exchange rate eroded by 24% from early 2013 to June 2014 due to falling foreign investment and mining revenue.[2]
The word tögrög (төгрөг) refers to "circle", or a "circular object" (i.e. a coin). Today, it is rarely used outside of referring to the currency, with the exception of the phrase tögrög sar (төгрөг сар), meaning "full moon".
The tögrög was introduced on December 9, 1925[3] at a value equal to one Soviet ruble, where one ruble or tögrög was equal to 18 grams (0.58 ozt) of silver. It replaced the Mongolian dollar and other currencies and became the sole legal currency on April 1, 1928.
Möngö coins are no longer in circulation as currency, owing to their negligible value. Today, they are sold online and to tourists as collectibles.
Coins
During socialism, the tögrög coin denominations were 1, 2, 5, 10, 15, 20, 50 möngö, and 1 tögrög. After the Mongolian People's Republic came to an end in 1992 and inflation surged, möngö coins were abandoned and larger tögrög values introduced.
Coin Series during the People's Republic of Mongolia era
Like coins, the tögrög banknotes were very similar to the Soviet ruble during the Mongolian People's Republic era. The similarities included color theme, overall design, and the lineup of the denominations, which were 1, 3, 5, 10, 25, 50, 100 tögrög unless stated otherwise. The color for each value is
1 tögrög: brown
3 tögrög: green
5 tögrög: blue
10 tögrög: green
20 tögrög: red
25 tögrög: lilac
50 tögrög: green
100 tögrög: brown
Formerly, all banknotes were printed in the Soviet Union. Modern tögrög banknotes are generally printed in the United Kingdom.
Banknote Series during the People's Republic of Mongolia era
Images shown are the earliest variations of each value
Issued dates are listed for up to 2003. It is known that there is a 2005 edition of 10 tögrög, but it is yet unclear whether or not it was the only value for the 2005 edition.
Lower value notes (10 ~ 500 tögrög) issued in 2000 and after have line-patterned color underprint on the entire note, where the previous edition had near-white solid color. But one exception to the rule is the 2000 edition of 500 tögrög.
High value notes (500 ~ 10,000 tögrög) issued in 2002 and after have a patch on the lower right hand side of obverse as an improved anti-counterfeit device, which used to be printed only on the two highest values. The new patch is also more sophisticated than the ones in the 1990s. The Soyombo symbol was upgraded to a hologram on the two highest values. On series 2018 5000 tögrög, the hologram was changed to an OVMI ink.
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The togrog or tugrik Mongolian Cyrillic togrog Mongolian script ᠲᠥᠭᠦᠷᠢᠭ transcription togurig sign code MNT is the official currency of Mongolia It was historically subdivided into 100 mongo mongo ᠮᠥᠩᠭᠦ Currently the lowest denomination in regular use is the 10 togrog note and the highest is the 20 000 togrog note In Unicode the currency sign is U 20AE TUGRIK SIGN Mongolian togrogMongol togrog Mongolian ᠮᠣᠩᠭᠣᠯ ᠲᠥᠭᠦᠷᠢᠭISO 4217CodeMNT numeric 496 Subunit0 01UnitPluralThe language s of this currency do es not have a morphological plural distinction Symbol DenominationsSubunit 1 100mongo mongo ᠮᠥᠩᠭᠦ Banknotes Freq used 10 20 50 100 500 1 000 5 000 10 000 20 000 Rarely used 1 5Coins 20 50 100 200 500DemographicsUser s MongoliaIssuanceCentral bankBank of Mongolia Websitewww wbr mongolbank wbr mnValuationInflation9 6 SourceBank of Mongolia homepage September 2021 In 2010 the togrog rose 15 against the US dollar due to the growth of the mining industry in Mongolia 1 However its exchange rate eroded by 24 from early 2013 to June 2014 due to falling foreign investment and mining revenue 2 Contents 1 Etymology 2 History 3 Coins 4 Banknotes 4 1 Remarks 5 See also 6 References 7 External linksEtymology EditThe word togrog togrog refers to circle or a circular object i e a coin Today it is rarely used outside of referring to the currency with the exception of the phrase togrog sar togrog sar meaning full moon History Edit Socialist era togrog in the National Museum of Mongolia The togrog was introduced on December 9 1925 3 at a value equal to one Soviet ruble where one ruble or togrog was equal to 18 grams 0 58 ozt of silver It replaced the Mongolian dollar and other currencies and became the sole legal currency on April 1 1928 Mongo coins are no longer in circulation as currency owing to their negligible value Today they are sold online and to tourists as collectibles Coins EditDuring socialism the togrog coin denominations were 1 2 5 10 15 20 50 mongo and 1 togrog After the Mongolian People s Republic came to an end in 1992 and inflation surged mongo coins were abandoned and larger togrog values introduced Coin Series during the People s Republic of Mongolia era 1 Images Series Composition Obverse Reverse Date recalled Valueless since Script Minted in Calendar used 2 1925 1 5 mongo copper10 20 mongo 0 5 silver50 mongo 1 togrog 90 silver Soyombo Value 1950 1970 Mongolian Soviet Union Mongolian Year 15 3 1937 1 5 mongo aluminium bronze10 20 mongo cupronickel 1960 1970 Mongolian Year 27 4 1945 coat of arms Bүgd Najramdah Mongol Ard Uls People s Republic of Mongolia 1970 1970 Cyrillic Mongolian Year 35 5 1959 Aluminium 1990 1990 P R China Common Era 6 7 1970 77 80 81 1 5 mongo aluminium10 50 mongo cupronickel coat of arms state title in short BNMAU for 1 5 mongo in full for 10 50 mongo 1970 77 East Germany1980 81 Mongolia 8 Circulating amp commemorative 1 togrog 1971 aluminium bronze cupronickel silver or gold1981 aluminium bronze coat of arms full state title value BNMAU Damdin Sukhbaatar on a horse 50 ZhIL or 60 ZhIL depending on the year 1971 East Germany1981 Mongolia 1981 88 1 togrog with various commemorative subjects Aluminium bronze 6 designs such as Karl Marx Soviet Mongolian space flight etc Mongolia Common EraCurrent Coins 9 Image Value Technical parameters Description Date of first mintingObverse Reverse Diameter Thickness Mass Composition Edge Obverse Reverse 10 11 20 togrog 17 5 mm 1 5 mm 0 78 g Aluminium Plain Value Soyombo 1994 12 13 50 togrog 23 mm 1 8 mm 1 68 g 14 15 100 togrog 22 mm 1 5 mm 3 84 g Cupronickel Value Janraisig Temple 16 17 200 togrog 25 mm 1 7 mm 6 2 g Value the Government House 18 19 500 togrog 22 mm 1 7 mm 4 1 g Smooth Value Soyombo Damdin Sukhbaatar 2001For table standards see the coin specification table Banknotes EditLike coins the togrog banknotes were very similar to the Soviet ruble during the Mongolian People s Republic era The similarities included color theme overall design and the lineup of the denominations which were 1 3 5 10 25 50 100 togrog unless stated otherwise The color for each value is 1 togrog brown 3 togrog green 5 togrog blue 10 togrog green 20 togrog red 25 togrog lilac 50 togrog green 100 togrog brownFormerly all banknotes were printed in the Soviet Union Modern togrog banknotes are generally printed in the United Kingdom Banknote Series during the People s Republic of Mongolia era 20 Image Series Obverse Reverse Date recalled Valueless since Script Calendar used Remark 21 1925 Soyombo value Value 1940 1966 Mongolian Common Era 2 togrog in green instead of 3 togrog 22 1939 Soyombo Sukhbaatar Value 1955 1966 Common Era and Mongolian Year 29 25 togrog in brown1941 Coat of arms Sukhbaatar Both Common Era and Mongolian Year 31 23 1955 1966 1966 Cyrillic Common Era 25 togrog in blue on obverse brown on reverse 24 1966 Coat of arms Sukhbaatar except 1 togrog Value for 1 25 togrog the Government House for 50 and 100 togrog Both1981 83 As above except industrial theme for 20 togrog 20 togrog in green instead of 25 togrog1993 Series 25 Image1 Value Dimensions Main Color Description Date of printing2 UsageObverse Reverse Obverse Reverse Watermark 10 mongo 45 90 mm Pink Soyombo Archery Archery 1993 Very rare in circulation Abundant among collectors 20 mongo 45 90 mm Yellow brown Soyombo Wrestling Wrestling 50 mongo 45 90 mm Green cyan Soyombo Horse riding Horse riding 1 togrog neg 115 57 mm Yellow brown Lion Soyombo Paiza Genghis Khan 1993 2008 2014 5 togrog tavan 120 60 mm Orange Sukhbaatar Soyombo Paiza Mountainous landscape and horses eating grass Rarely used anywhere but in banks 10 togrog arvan 125 61 mm Green 1993 2002 2005 2007 2009 2011 2013 2014 20173 The smallest commonly used note 20 togrog horin 130 64 mm Reddish purple 50 togrog tavin 135 66 mm Brown 1993 2000 2008 2013 2014 2016 3 2019 100 togrog zuun 140 68 mm Violet 26 27 500 togrog tavan zuun 145 70 mm Green Genghis Khan Soyombo Paiza Mongolian yurts in motion 1993 1997 2003 2007 2011 201320003 200341000 togrog myangan 150 72 mm Blue 1993 1997 2003 2007 2011 2013200345000 togrog tavan myangan 150 72 mm Pink purple Drinking Fountain at Genghis Khan s court 1994 2003 2013 2018410 000 togrog arvan myangan 150 72 mm goldish yellow 1995 2002 2009 20144 28 29 20 000 togrog horin myangan 151 72 mm Lime and purple Nine White Banner 2006 2009 2013 4 2019For table standards see the banknote specification table Remarks Edit Images shown are the earliest variations of each value Issued dates are listed for up to 2003 It is known that there is a 2005 edition of 10 togrog but it is yet unclear whether or not it was the only value for the 2005 edition Lower value notes 10 500 togrog issued in 2000 and after have line patterned color underprint on the entire note where the previous edition had near white solid color But one exception to the rule is the 2000 edition of 500 togrog High value notes 500 10 000 togrog issued in 2002 and after have a patch on the lower right hand side of obverse as an improved anti counterfeit device which used to be printed only on the two highest values The new patch is also more sophisticated than the ones in the 1990s The Soyombo symbol was upgraded to a hologram on the two highest values On series 2018 5000 togrog the hologram was changed to an OVMI ink Current MNT exchange ratesFrom Google Finance AUD CAD CHF CNY EUR GBP HKD JPY USD KRW JPY USDFrom Yahoo Finance AUD CAD CHF CNY EUR GBP HKD JPY USD KRW JPY USDFrom XE com AUD CAD CHF CNY EUR GBP HKD JPY USD KRW JPY USDFrom OANDA AUD CAD CHF CNY EUR GBP HKD JPY USD KRW JPY USDSee also EditEconomy of MongoliaReferences Edit Frangos Alex 3 January 2011 Hot Money Roils Growth Currencies The Wall Street Journal Retrieved 2018 01 01 subscription required Chi Leisha 17 August 2016 The sudden slide of the world s worst performing currency BBC News Retrieved 2018 01 01 Bank of Mongolia History National Currency Togrog Archived from the original on 2007 11 12 Retrieved 2007 12 15 External links EditBanknotes of Mongolia Bank of Mongolia Website at the Bank of Mongolia with history of Mongolian currency and pictures of togrogPreceded by Mongolian dollarRatio 1 togrog 1 Soviet ruble 2432 togrog 1 US dollar Currency of Mongolia 1925 Succeeded by Current Portals Asia Money Numismatics Retrieved from https en wikipedia org w index php title Mongolian togrog amp oldid 1150736986, wikipedia, wiki, book, books, library,
