Convert Bhutanese Ngultrum to Mongolian Tugrik
Please provide values below to convert Bhutanese Ngultrum [BTN] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Bhutanese Ngultrum.
How to Convert Bhutanese Ngultrum to Mongolian Tugrik
1 BTN = 0.0243352393568771 MNT
Example: convert 15 BTN to MNT:
15 BTN = 15 × 0.0243352393568771 MNT = 0.365028590353156 MNT
Bhutanese Ngultrum to Mongolian Tugrik Conversion Table
| Bhutanese Ngultrum | Mongolian Tugrik |
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Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.
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.