Convert Mongolian Tugrik to Euro
Please provide values below to convert Mongolian Tugrik [MNT] to Euro [EUR], or Convert Euro to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Euro
1 MNT = 4162.92811070717 EUR
Example: convert 15 MNT to EUR:
15 MNT = 15 × 4162.92811070717 EUR = 62443.9216606075 EUR
Mongolian Tugrik to Euro 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.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.