Convert Mongolian Tugrik to Saint Helena Pound
Please provide values below to convert Mongolian Tugrik [MNT] to Saint Helena Pound [SHP], or Convert Saint Helena Pound to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Saint Helena Pound
1 MNT = 4794.98689720384 SHP
Example: convert 15 MNT to SHP:
15 MNT = 15 × 4794.98689720384 SHP = 71924.8034580575 SHP
Mongolian Tugrik to Saint Helena Pound 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.
Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.