Convert Mongolian Tugrik to Saudi Riyal
Please provide values below to convert Mongolian Tugrik [MNT] to Saudi Riyal [SAR], or Convert Saudi Riyal to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Saudi Riyal
1 MNT = 946.594346666667 SAR
Example: convert 15 MNT to SAR:
15 MNT = 15 × 946.594346666667 SAR = 14198.9152 SAR
Mongolian Tugrik to Saudi Riyal Conversion Table
| Mongolian Tugrik | Saudi Riyal |
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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.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.