Convert Mongolian Tugrik to Chinese Yuan
Please provide values below to convert Mongolian Tugrik [MNT] to Chinese Yuan [CNY], or Convert Chinese Yuan to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Chinese Yuan
1 MNT = 494.811580869541 CNY
Example: convert 15 MNT to CNY:
15 MNT = 15 × 494.811580869541 CNY = 7422.17371304311 CNY
Mongolian Tugrik to Chinese Yuan Conversion Table
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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.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).