Convert Kuwaiti Dinar to Mongolian Tugrik
Please provide values below to convert Kuwaiti Dinar [KWD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Mongolian Tugrik
1 KWD = 8.60347415836387e-05 MNT
Example: convert 15 KWD to MNT:
15 KWD = 15 × 8.60347415836387e-05 MNT = 0.00129052112375458 MNT
Kuwaiti Dinar to Mongolian Tugrik Conversion Table
| Kuwaiti Dinar | Mongolian Tugrik |
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
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.