Convert Israeli New Sheqel to Mongolian Tugrik
Please provide values below to convert Israeli New Sheqel [ILS] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Mongolian Tugrik
1 ILS = 0.000942325509486809 MNT
Example: convert 15 ILS to MNT:
15 ILS = 15 × 0.000942325509486809 MNT = 0.0141348826423021 MNT
Israeli New Sheqel to Mongolian Tugrik Conversion Table
| Israeli New Sheqel | Mongolian Tugrik |
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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.